Sep 01, 2024 - Will the Saturn-Sun Opposition Trigger a Stock Market Rally and Run the Stops?

S&P500 closed higher last week at 5648.40 on Friday Aug 30, 2024. Market went down on Wednesday when NVDA earnings was released at the time when Mercury stopped spinning and went direct station. But the drop was short lived and futures have started moving up gradually after NVDA earnings. Even NVDA went down, SPX started moving up. Overall, both call and put premium was going down from Thursday after NVDA earnings. People who followed my newsletter last went and went short on SMCI would have made good fortune.

Currently SPX closed at 5,648.40 which is only 22 points below the all time high of 5,669.67 that was set on July 16, 2024.

Sun entered Simha Rasi on Aug 15, 2024 that has provided significant boost the market. Most of the time Saturn aspect Sun would cause market to fall, while it got inverted this time. This week starts with Moon and Sun conjunction in Simha Rasi on both Monday and Tuesday.

I expect Sun and Saturn opposing each other will cause all the STOPs to run. It means all stop loss orders set at SPX all time high price will be triggered. It will cause SPX to move above 5700 this week.

Mercury enters Simha Rasi on Wednesday before US market opens. Nifty may some impact of Mercury transit towards the market close on Wednesday Sep 04, 2024.

I expect the US market to set a new ATH on Wednesday morning and then market to be choppy. It is not a good idea to open any new positions from Wednesday 12:00 PM New York Time for this week. It is a good idea to close long position from Wednesday Sep 04, 2024 and stay in cash for rest of the week.

If SPX is trading significantly higher, (at least 5720) on Thursday towards market close, then it is a good idea to take short position. To start with, you may have to go with 50% - 50%. I mean 50% of money on CALLS and 50% of money on PUTS for quarterly expiry. You can increase short position a little in the upcoming weeks.

US Dollar Index

US Dollar index will start moving up as this week progress. US dollar index will be highly volatile on Friday Sep 06, 2024. This can make significant move for OIL and Goil prices. Still my long term view is very bullish for gold and oil prices. Any significant pullbacks can be treated as a good buying opportunitity.

Weekly Trading Forecast

Date	Forecast	Confidence Level
Mon Sep 02, 2024	US Market is closed, but Futures market is open. I expect market to be choppy.	80%
Tue Sep 03, 2024	Moon will be transiting in Poorva Phalguni Nakshatra. Market could be bullish to run all the STOPs to set a new ATH.	90%
Wed Sep 04, 2024	Mercury enters Simha Rasi and Make conjunction with Sun. Professional traders will be punished. Market will be highly volatile. Venus and KETU will conjunction after market hours on Wednesday. It is a good idea to close your long position and stay in 100% CASH before this conjunction.	90%
Thu Sep 05, 2024	Ketu and Venus conjunction is very close. Market will be setting both bull traps and bear traps. In case, SPX went up so much 5720 or 5770, then it is okay to buy a very little quantity of put options with proper hedging against call options.	50%
Fri Sep 06, 2024	Highly Volatile and High energy day, could be a very bullish and brutal sell off. Both can happen on the same day. Intraday reversal is the most likely outcome.	50%

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