Oct 20, 2024 How a Debilitated Mars and Sun Are Leading to Range-Bound Trading?

As I mentioned in the last week newsletter, market did not go anywhere and traded in a narrow range. We’re looking at both the Sun in Tula Rasi (Libra) and Mars in Kataga Rasi (Cancer) being debilitated. This planetary alignment is likely to keep the stock market trading in a narrow range for this week. I foresee this range potentially breaking out only by Oct 30, 2025.

With market conditions suggesting a narrow trading range due to the debilitated positions of Mars and the Sun, hedge funds and big market players might indeed find opportunities in selling options. This strategy can allow them to capitalize on the limited volatility and generate income from the premiums received. It’s a move that could pay off handsomely if the market continues to move within a defined range. However, it may become terrible for retail investors who will buy call and put options with short-dated expiry date. I suggest you avoid trading completely and stay in cash for this week.

Index	Change	Closing Price	Percentage Change
S&P 500	+23.2	5,864.67	+0.40%
NASDAQ Composite Index	+115.49	18,489.55	+0.63%
Dow Jones Industrial Average (DJI)	+36.86	43,275.91	+0.09%
Nifty 50 (NSEI)	-104.20	24,854.05	-0.42%

Bitcoin

As of now, the current price of Bitcoin (BTC) is approximately $68,943.57 USD. I expect bitcoin to set a new ATH in the next 7 – 10 days. However, I expect a big pullback in bitcoin that could happen after Oct 30, 2024.

Gold Price

As of now, the current price of gold is approximately $2,735.90 USD per ounce. I expect the gold price to move up further as Sun gets debilitated. Goldprice may peak by the first week of Nov 2024. But I see a long-term bull market for Gold, especially based on USD. I see USD to lose strength significantly for the next 1-2 years again the basket of all major currencies including INR.

U.S. Presidential Election Campaigns Heat Up

Vice President Kamala Harris and former President Donald Trump are in full campaign mode, focusing on key battleground states. Harris has been rallying in cities like Detroit and Atlanta, with support from music icons like Lizzo and Usher. Trump is making strides in Pennsylvania.

As I predicted, polls started going in favor of Donald Trump when Jupiter went retrograde on October 9, 2024, and the Sun entered a debilitated position on October 17, 2024. I see a clear victory for Donal Trump as Sun and Mars will be in debilitated position until Nov 15, 2024.

Weekly Trading Forecast

Date	Forecast	Confidence Level
Mon Oct 21, 2024	Moon will be transiting in Mrigasheersha Nakshatra in Midhuna Rasi. I expect the market to be slightly bullish. I see SP500 to gain ~29 points.	70%
Tue Oct 22, 2024	Market may revert the price action that did yesterday by losing about 30 points.	70%
Wed Oct 23, 2024	Market will be bullish for today and I expect S&P500 to gain approximately 40 points.	70%
Thu Oct 24, 2024	Market will be in a choppy range and may go down a little.	70%
Fri Oct 25, 2024	I expect S&P500 to close around 5926 for this week.	75%

Expected Trading Range for this week

Ticker	Trading Range
SPY	582.06 - 589.65
QQQ	491.23 - 507.89
NIFTY50	24862.11 - 25412.67

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