May 15 – 19, 2023

The S&P500 lost 12 points last week. I was expecting a slightly higher market. My daily forecast was correct on the first 4 days of the week.

Here is the expected breakdown for the week of  May 15, 2023, to May 19, 2023.

Jupiter is the compressed  Dasha planet for the period of May 14 – May 17 in the new monthly chart. Jupiter occupies the 10th house in the sign Aries. It conjuncts the Sun at a distance of 4 degrees, which makes it combust.  It rules the 6th house and occupies the 10th house. The indexes may end lower during these days.

A new monthly solar return chart is applicable from May 18 and will stay effective until June 17. The month lord is Venus, which occupies the ascendant in the sign Cancer. The critical planet, Mars is fallen and is also present in the ascendant. This is not a welcome feature. The other important planet is Jupiter. Jupiter occupies the 11th house in the sign Taurus. Jupiter is weak as it has just moved into this sign. Mercury has an association with Moon, Rahu, and Uranus. Moon is exalted and exchanges signs with Venus. This exchange and concentration of six planets in Taurus are favorable features. Overall, this chart looks reasonably bullish for the month. 

The compressed Vimshottri dasha planet for May 18 – May 20 is Venus. Venus occupies the 1st house in the sign Cancer. It rules the 4th house. It is, therefore, a benefic planet in both natural and functional ways. It forms an exchange of signs relationship with the Moon. It may, therefore,  give good results. The market may therefore go higher during these days. 

Transits during this week:  Sun, Uranus, Mercury, and Rahu transit through Taurus during this week. Mercury remains in Taurus and resumes its direct motion. Jupiter will also join them in Taurus this week. Keu transits Scorpio. Saturn is transiting Pisces. Mars remains in its weakest sign, Mars, where it is joined by Venus. The moon moves in Aries, Taurus, and Gemini. Everything looks good, except the transit of Mars in its sign of fall. Moon makes a square aspect with Venus on Monday and Mars with Jupiter on Tuesday.  The market may therefore be volatile during the week. It may go lower on Monday, Tuesday, and Thursday and higher on Wednesday, and flat on Friday. 

Overall this week, the market may go LOWER.

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