The S&P500 gained 76 points last week. I was also expecting a higher market. Even the daily forecast worked out well.
Here is the expected breakdown for the week of September 23, 2024, to September 27, 2024.
The compressed Vimshottri dasha planet for Sept 22 – Sept 26 is Venus. Venus rules the tenth house and occupies the tenth house. It makes a trine aspect with Jupiter and an opposition aspect with the Moon. Consequently, the market may go higher during this period.
The compressed Vimshottri dasha planet for Sept 27 is the Sun, which rules the eighth house and occupies the ninth house. It makes a trine aspect with Uranus and opposition aspect with Neptune present in the third house. As a result, the market may go lower on these days.
Transits during this week: Jupiter is advancing in the sign Gemini, while Uranus continues to transit through Taurus this week, although it has turned retrograde now. Rahu is transiting in Aries and Ketu in Libra. The Sun advances in Libra, whereas Venus has now moved into Scorpio. Mercury has turned direct and has come back in Virgo. Saturn and Neptune are well established in Pisces. However, both have turned retrograde now. Retrograde Saturn is not a welcome feature. Mars remains in Cancer, the sign of its fall. It is now also making a square aspect with Rahu and Ketu.
Venus in Scorpio will establish a trine relationship with Saturn and Mars next week, which can benefit the bulls. This week, the market may spend time digesting the gains of the last two weeks.
Combining the transit and CVD techniques, I have estimated the stock market’s daily behavior to be the following.
Monday: Flat; Tuesday: Slightly higher; Wednesday: Flat; Thursday: Slightly higher; Friday: Flat.