Dear Members,
In this week’s newsletter we mentioned that every trading instrument in the market may witness volatility due to Jupiter being in Aquarius, and this volatility should end either on Friday or Monday.
I strongly recommend staying on the sidelines for the next three days before you make any trading decisions. This week should remain volatile and uncertain as predicted but this uncertainty bring great buying opportunity as well in coming days or around lower sides.
Today currencies, markets, and commodities moved aggressively after Powell’s comments on tapering, inflation, and rates.
We mentioned that S&P will have an important Astro support at 4541, and NASDAQ 16771, and these are the levels to buy, but wait for our alert.
This week metals, energy, grains, and softs will remain very volatile as the Astro combinations are very uncertain as mentioned in this week’s newsletter. Selling recommendations in oil at $84.88 with target of $64.55 may achieve soon. Avoid commodities but we are watching precious metals closely though this week they are not in buying list so we will wait to make trade.
We are waiting for Mars to change which will happen this weekend, which may give us a clear direction as to whether these markets are going to become more volatile, or whether they will start an upwards journey as per our note in this week’s weekly newsletter.
I was a bit nervous about Jupiter changing its house and it has done some damage during last week. It is amazing how the planets change investors moods and their decisions.
Later today I will be putting out a small part of this week’s newsletter.
Thanks & God bless
Mahendra Sharma