Important note to update members:
We are still holding predictions of an amazing era in the USA market, it has bottomed out, I am not giving any major importance to Thursday’s fall. Buy is our call, buy July end and August call options. Now Astro support level will be next level is 3645 and 10911 level. I still believe that S&P and NASDAQ won’t remain below the 3851 and 11711 levels for a longer period of time so be aware of this. Any rebound will so big that many will miss great buying opportunities in the market.
Precious metals look great compared to base metals. Silver is our top pick in commodities, it will test $50.00 as predicted in 2023 and then it will move further higher.
The US dollar is started falling from 104.75 as predicted, weakness will continue, and follow our weekly and daily letters. We also recommended this week to cover all shorts in all major currencies including Franc and Yen.
Grains and softs to remain bullish, wait for weakness to add more positions. A major weather-related issue is coming in Brazil so be aware.
Thirty-Year bond is holding 129-00 level as predicted, it may test 138-00 level which means that rate lower in the short term in the month of July.
We are still holding our predictions of a major crash in oil prices, prices may collapse by 45% so remember this prediction.
Fridays Daily Flash news
US dollar and market both collapsed on Thursday…I am feeling bad for Mr. Powell, Biden, and policymakers as they are losing battle badly…It looks like Mr. Putin screwed them very badly from every angle…
Dear Members,
Lots to talk about but I am traveling so next week we will write. After Wednesday’s rally, markets gave away all gains and they closed sharply lower. Thursday I was expecting positive, but markets closed sharply lower on Thursday second week in a row.
Many members are getting frustrated and saying that they should sell everything and just wait for a few months before things get settled because stock prices keep making lows even quality stocks. Whether this is June expiry which is going to happen on Friday, it is triple witching day so most of the options and futures contracts will expire. If the prices are moving artificially lower then they should rebound otherwise I will start getting worried. S&P and NASDAQ already started trading below our Astro support level which is not a good sign.
My another date will be 27 June, and 3 July, if markets fail to move higher then I will call we are entering the lower side bull market time cycle, where prices will keep struggling and markets will move in the 15% range on both sides without making any more news highs (this will be the first time in the history may change my predictions but at this stage, I am still holding bull market predictions).
Apart from the market, rest of the predictions are working very well, I am hoping soon I will be on track with market predictions once this uncertain trend gets over by 26 June.
As predicted Dollar Index achieved the top at 104.75.
Cryptocurrencies collapsed, chances of bitcoin hitting $21888 is very much possible, and we won’t still recommend buying crypto.
S&P and NASDAQ won’t close below in the worst-case scenario, they may test 3851 and 11711. Now Astro support level will be next level is 3645 and 10911 level. I still believe that S&P and NASDAQ won’t remain below the 3851 and 11711 levels for a longer period of time so be aware of this. Any rebound will so big that many will miss great buying opportunities in the market.
Gold to bottom out at $1778 and silver at $20.51.
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Thanks & God Bless
Mahendra Sharma