Weekly Forecast – S&P500, Oct 19-23, 2020

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Weekly Forecast – S&P500, Oct 19-23, 2020

There are some cycles, events overlaped from last week. Hence, it was chalenging to predict the market. There are other geocosmic factors coincideing with the highs of both early Sep and Oct 12. Last Monday, Oct 12, as the DJIA, S&P, NASDAQ and some other markets of the world made secondary highs. Jupiter was sextile to Neptune created a week of irrational euphoria in the stock market.

The second wave of Covid-19 fear is underway. The pandemic has returned, but the stock market has not. This week is the right time, it might test the resistance to make a second high.

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