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Feeling unsure about going long or short in the stock market this week, especially with the US presidential election and Venus playing a major role? You're in the right place. Keep reading.

November 3, 2024: The market dipped about 1.5% last week. Tech earnings met expectations, but the market had already priced them in, so there was no significant impact. Both call and put premiums were wiped out, punishing retail investors who bought options.

This week, the highly anticipated US presidential election is on November 5, 2024. The world is watching to see if Kamala Harris or Donald Trump will become the next president. The election outcome usually creates major volatility. Big players place bets to create big swings, affecting premium buyers, typically retail investors. I suggest playing both sides on long-dated expiry options based on your risk tolerance.

Astrological Calculation: 2024 US Election and Stock Market

Venus will enter Mula Nakshatra on Wednesday, November 6, 2024. This usually indicates a bearish pattern. However, if there is an inversion, it could turn bullish. The transit of Venus suggests volatility in the stock market, with prices moving significantly up or down. I expect the S&P 500 to trade in a wide range between 5600 and 6150 this week.

Vice President Kamala Harris is running Venus Antar Dasha, and Venus shifting to Mula Nakshatra will have a significant impact. I still predict former President Donald Trump will win this presidential race. He has built good fortunes with the debilitated Sun transit until November 15, 2024. If the results are declared on the same day or before November 14, then Donald Trump is likely to win.

Fed Chair Jeremy Powell will also speak on Thursday, November 7, 2024, which will increase volatility further. I suggest either playing both sides or staying in cash until the market direction is clear. If we hit a major high like 6150 or 6250, it is okay to liquidate. If we hit a major low like 5600, it is okay to go long.

Weekly Trading Forecast