At Astrodunia, we had clearly warned that the S&P 500 (Cash) was in a bull trap when it reached 6100. We mentioned that by the end of May, the index could fall below 5000. Recently, the S&P 500 has already broken under 5400. If it closes below this level today, the next target is 5120.
While some so-called astrologers were predicting a rise to 12,000 or even 15,000, we stayed grounded in reality. Now that the market is turning down, they are scrambling to find support levels. In our Annual Letter 2025, we had already mentioned that a major bottom could be seen in May 2025.
In line with our bearish view, we are also short on the Nasdaq at 21,000 / S&P 500 at 6100. This position reflects our belief that tech stocks are due for a deeper correction in the coming weeks.
On the commodities front, we bought Gold at $2800. Yesterday’s dip was simply profit booking — our bullish view on Gold remains intact.
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