Today we expected the market to rebound from mid-day of New York time and the market must respect the Astro cycle today and tomorrow…avoid commodities as they can fall sharply…
Dear Members,
I decided to send a small update to our members because a few important things are happening in the market which is a concerning sign.
1. Commodities are trading negatively, especially energy and metals which is a sign that they may adopt a very negative trend in the coming time because it was a supportive time for the US market, and they failed to act positively. Overall, our view is negative on energy and base metals, and if they fail to close higher on Tuesday, then expect energy to follow our early cycle, which means that oil can immediately drop to $81.00. We are not recommending any buying in base metals.
2. The markets are trading sharply lower (S&P is 4011 and NASDAQ 12265) these are great levels to buy, and at the time I am writing this almost two hours of trading is over and the market must rebound any time from here. The markets are in the worst Astro cycle of this year which will end on the 14th of May so surely this is the last week of uncertainty. Although we are expecting a more positive time from the 19th of May, in the second half of today the markets must recover, and tomorrow the markets will gain value as per the short-term daily Astro combinations, and if that happens it will be great news. Overall the next 10 days or 7 trading days are great to add more investments in the market, especially SOXL, and semiconductor and lithium stocks. Many tech stocks are at great buying levels.
3. Dollar index will top out around $103.75 to 104.75, and if the Dollar closes above 104.75, it means that the global currencies will collapse by 20%.
4. Coffee and silver trades are coming but wait for some more time as predicted.
5. Bitcoin may test 31228, and if it goes below that then the next level is 21798, so stay away from any buying in bitcoin if you or your colleagues are trading this instrument.
6. Thirty Year Bond closed below 138-00. Our important target has been achieved, but there is a possibility that it may trade around this level for some time before it adopts a new direction. In the worst-case scenario, it may test 129-00.
7. S&P has started trading below 4161, and below this level, we recommend buying because even in the worst-case scenario S&P won’t fall below 3955, and the same applies to NASDAQ as we do not see it falling below 11928 in the remainder of 2022, so keep these levels in mind.
IMPORTANT NOTE: We have a great 150-point range to accumulate S&P, and this is a lifetime opportunity to buy stocks and sell commodities, as many commodities may crash very hard, and avoid the energy and base metals markets. We will talk about this update after one month because all major may up by 30% from current levels so I am more focusing what will happen in the next 45 days rather than today and that is my job. Yes, next seven trading days could be very volatile.
One must read this weeks weekly newsletter carefully.
A humble request: Please don’t share or forward any letter to any nonsubscriber, let them subscribe if they wish to.
Thanks & God Bless
Mahendra Sharma