June 24 – 28, 2024

The S&P500 gained 35 points last week. I was also expecting a flat/sideways market. The daily forecast was also reasonably accurate. 

Here is the expected breakdown for the week of  June 24, 2024, to June 28, 2024.

The compressed Vimshottri dasha planet for  June 23 – June 27 is Saturn. Saturn rules 2nd house and occupies the 3rd house in the sign, Pisces. Saturn is a malefic planet generally makes stocks go lower. But since it rules the 2nd house and occupies the second house from second house, it may give less malefic results. As a result, the market may go only slightly lower.

The compressed Vimshottri dasha planet for  June 28 – July 01 is Mercury. Mercury rules the 9th house and occupies the 7th house in the sign, Cancer. It sits very close to Venus, a benefic planet. It, therefore, becomes a benefic planet. Mercury may only give positive results. As a result, the market may go slightly higher during this period.

Transits during this week:  Jupiter is well established in the sign Gemini now while Uranus continues to transit through Taurus during this week. Rahu is transiting in Aries and Ketu in Libra. Sun also moves into Cancer where both Mercury and Venus are marching. Saturn and Neptune are well established in Pisces. Mars is well set in the sign Taurus, where it cannot be as pleasant as it was in Aries. The moon moves in Aquarius, Pisces, and Aries. The Moon moves through the 3rd Tithi of the dark half to the 8th Tithi of the dark half. The Moon gives poor results in the third quarter (Monday – Thursday) and good result in the fourth quarter (Friday). Moon also gets the trine aspect of Jupiter and Venus in this week, which is quite useful for the stock market. Combining the transit and CVD techniques, the following is my estimate of the daily behavior of the stock market.

Monday: Slightly higher; Tuesday: Lower;   Wednesday: Slightly lower;   Thursday: Flat;   Friday: Slightly higher

Overall, the S&P500 may remain flat or go slightly lower during this week.

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