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- Sama's Financial Astrology Newsletter Projections - August 2023
Sama's Financial Astrology Newsletter Projections - August 2023
BTC might dip but I wouldn't worry about it. Now the S&P on the other hand...
As we predicted in Feb 2023, the S&P has hit 4,600.
At the moment - The US Stock market, US house prices and both Oil and Gas are at a 1 Year high.
Last month, I mentioned this in the paid section of the newsletter:
When I started this newsletter in Feb 2023, I called out 4,600 as the summer price top before the recession kicks in.
It was a crazy thing to say then, and I got some unsubscribes after, but, time has passed and here we are.
I mention this to say, it would be in our best interests if the S&P doesn’t just run to 4600 in July, because we’d have more time to make money in the market.
All 3 markets haven’t been this high in price in a year.
Thank you for supporting this newsletter, I hope these calls have been plenty helpful and profitable for you and your loved ones.
Now we have to talk about keeping the money you’ve made.
Are we due for a correction?
Predictions below!
Another reminder to keep your treasury or t-bill investments on a SHORT duration time frame (1-month or 3-month).
p.s. - I’m continuing to heal up, and hope to get back to video-making in the next few weeks
Be well and be safe!
🙏
Sama's Financial Projections for the month of August 2023:
BTC: Still sideways and then up. The month is likely to start with a corrective move down to 27k, (possibly as low as 25k, but unlikely).
I personally will be using the dip as a buying opportunity.
August is likely to continue being a boring month while people are still out traveling and enjoying their summers before they return back end of August.
This is a calm before the storm.
Many buyers on the sidelines still don’t believe the Bitcoin bull market is here.
Once Bitcoin spends at least a week above 31k, watch how it gets moving at that point, they will all pile in.
We just need more time until we get there.
ETH: Bullish.
Ethereum only has positive aspects on it astrologically for the month of August.
I don’t see ETH lower than 1,770 this month and would consider that the lower end of the dip during the first week or so.
Expect the first half of the month to be boring (sideways price action) like Bitcoin, and for Eth to pick up steam later as the month ends heading into September.
SPX: Time for a pullback.
Last month I spoke about the concerns of the S&P hitting 4,600 too quickly in July.
The market hit 4,600 pretty quickly.
After the full moon to begin the month of July the S&P basically went straight up without any correction.
Now in August it has nothing but tough aspects, and it’s technically oversold.
For the Astro-curious - Jupiter opposing Transit Neptune. Transit Saturn conjuncts Venus and squares the ascendant. Transit Jupiter squares Chiron. Transit Mars squares Saturn. Transit Mercury opposing n Venus and Transit Saturn. Transit Mars by the end of the month, will oppose Transit Neptune. South node entered the fifth House of investment. Transit Uranus is transiting N south node and Mars conjunction in the 12th House. Bad aspects of malefic planets.
This doesn’t mean the recession begins now, or that you should go fully bearish (the dollar is weakening - I explain more in the tier 2 newsletter), but it does mean I expect August to be corrective.
Potentially down to 4,300.
NASDAQ (100): Sideways continuation, potential pull back in August.
Finally, some weakness.
Man, this one has been running HOT.
The NASDAQ still has enough strength to consolidate sideways in price around 15,300 and 15,900 for a few weeks.
But truthfully, it’s over-extended in the long run.
At some point later this year the NASDAQ has to revisit 14,000’s before going higher, or lower. We’re too far from the average and price will be magnetized to that area at some point in the future.
DJI (30): Sideways continuation. Potential roll over in August.
Another market at all time highs without signs of much buying strength to move into new territory.
I don’t see the Dow breaking over 36,000 in August.
The Dow looks like it’s forming a double top here to end the summer and will probably look the worst of the three (out of the S&P and the NASDAQ) later in Q4 when the recession hits.
I don’t expect the Dow to fall off a cliff yet, but I don’t see any bullish action coming in for August of any significance.
It’s like the Dow is near the top of a rollercoaster, almost out of upward momentum, which will turn downward before 2023 ends.
Other Indices: (Email me if you're interested in the full subscription with these assets included now.)
BONDS, ENERGY, FOREX, METALS, REAL ESTATE: (Email me if you're interested in the full subscription with these assets included now.)
Things to remember:
Ignore all soft landing narratives. Q4 =Recession/pain.
Use proper risk management. If I'm "right 99% of the time" and you bet all your money on the "1% moment I'm wrong", you would've lost it all for nothing.
If world events or other unseen factors change these projections, I will let you know with an update.
None of this content is financial advice, and all of this content is confidential.