The S&P500 gained 14 points last week. I was also expecting a flat market. The daily forecast was not that good.
Here is the expected breakdown for the week of September 02, 2024, to September 06, 2024.
The compressed Vimshottri dasha planet for Sept 02 – Sept 06 is Mercury. Mercury rules the tenth house and occupies the ninth house. It may, therefore, lift the stock market. But it is retrograde and is totally combust. It also makes a square aspect with Uranus. Consequently, the market may end flat or go slightly lower during this period.
The compressed Vimshottri dasha planet for Sept 07 is Ketu. Ketu is a malefic planet, and it occupies the eleventh house. It makes no good or bad aspect. As a result, the market may go lower on this day.
Transits during this week: Jupiter is advancing in the sign Gemini, while Uranus continues to transit through Taurus this week. Rahu is transiting in Aries and Ketu in Libra. The Sun advances in Virgo, whereas Venus has now moved into a sign of its choice, Libra. Mercury has turned direct but remains in Leo. Saturn and Neptune are well established in Pisces. However, both have turned retrograde now. Retrograde Saturn is not a welcome feature. Mars is advancing in Gemini, a sign of its dislike. Mars makes a square aspect with Neptune, which is one of the most challenging aspects. It moves into its sign of fall, cancer, on Sept 05.
The Moon transits between PurvaPhalguni and Chitra. Moon helps the stock market in these nakshatras. The Moon and the Sun form some good and neutral yogas, but no bad yoga this week. It makes an opposition aspect with Saturn and a trine aspect with Jupiter. Thus, the Moon undergoes beneficial transits. Combining the transit and CVD techniques, the following is my estimate of the daily behavior of the stock market.
Monday: Closed; Tuesday: Lower; Wednesday: Flat; Thursday: Slightly lower; Friday: Slightly higher.