Aug 18, 2024 - Mercury Rx Enters Kataka Rasi - Volatile Week indicating correction phase

S&P500 rallied the whole last week and close at 5554.25 on Friday Aug 16, 2024. Mercury retrogarde turned into bullish and market started moving up last week. During the next Mercury will be transiting backwards from Simha Rasi to Kataga Rasi on thursday early morning hours.

Jupiter is transiting in Taurus Moon Sign (Rishaba Rasi) while Saturn is in Aquarius (Kumba Rasi). Jupiter makes square aspect with Saturn exactly on Monday Aug 19, 2024 towards the US market close. As we are trading positive for last 7 sessions, it is expected to go down around this sqaure aspect.

On Sunday Aug 18, 2024 10:30 PM New York Time, Moon will be entering the 8th pada in Makara Rasi that is Avittam Star - Dhanishta Dakshatra - 1st pada. Mars gets fully activtiated while Jupiter makes perfect square aspect with Venus at the same time.

There is a high probability that futures may start dropping around 11:00 PM new york time on Sunday Aug 18, 2024.

The next key date for market is wednesday Aug 21, 2024. I did not predict the direction for wednesday. I see high trading activity due to emotion is most likely the outcome.

Wednesday closing price action is the direction that will follow on Thursday and Friday. It is a good idea to stay in cash until wednesday towards the close.

If the market is trending down in the last two hours of Wednesday Aug 21, 2024, then you can short 70% (buy puts for SPY expiring Oct 18, 2024) and long 30% (buy calls for SPY expiring Oct 18, 2024).

Otherwise you can long 70% (buy calls for SPY expiring Oct 18, 2024) and short 30% (buy puts for SPY expiring Oct 18, 2024).

The other aspects to watch out for is Saturn opposition Venus and Mars Square Venus. I see interest rates will go down further this week that will increase the price TLT. Gold and Silvers prices will also go up while dollar is trading low in the begining of this week and high towards the end of the week.

Weekly Trading Forecast

Date	Forecast	Confidence Level
Mon Aug 19, 2024	Market will be choppy and go down on Monday as the day progress.	80%
Tue Aug 20, 2024	Market will continue to go thorugh correction during the regular session. There is high energy indicated after hours of Tuesday. It could be related to geopolitical and hence futures will be highly volatile on Tuesday night and wednesday earning morning hours.	80%
Wed Aug 21, 2024	Its is better to play both sides equally. High energy is indicated at market open and market close	50% - 50%
Thu Aug 22, 2024	Watch out the closing price action for Wednesday Aug 21, 2024. That trend will continue for the rest of the week.	80%
Fri Aug 23, 2024	Market will continue to the previous day (thursday) trend.	80%

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