📈 S&P 500, 26th week of the cycle, extreme and reversal

👉 The 26th week of the cycle begins, during which the S&P 500 is expected to reach the low of the base cycle and begin a new base cycle. Let me remind you that I predicted the extreme for the US stock market at the beginning of the year on April 22 based on powerful astrological formations on April 21 and 22.

👉 Taking into account the last day of Mercury retrograde on April 25, the extreme for the S&P 500 and NASDAQ may occur on April 24-26. The beginning, middle, and end of Mercury's retrograde period often become cycle extremes. In this cycle, April 1, the first day of the retrograde period, became the high or second top of the market depending on the index (see previous posts).

👉 The DJ30 index showed a key reversal on the chart on Friday. The market will eat such a tail only on some very unpleasant news. Although the S&P 500 and NASDAQ are not yet showing technical signs of a reversal, there is reason to believe that the DJ30 extreme has already been reached, although it is better to wait for confirmation from other indices.

👉 The weekly chart of the S&P 500 futures shows that it has not yet reached the first Fibonacci correction level. The 2 phases of the current basic cycle are also clearly visible.