📈 S&P 500, possibly the 2nd week of a new cycle

👌 The extreme forecast (https://t.me/jointradeview/20) for the US stock market on April 22, 2024 was confirmed. According to the S&P 500, NASDAQ and DJ30 futures, it fell on April 19. Closing short positions during this period was the most optimal.

☝️ With a high degree of probability, a new 20-week cycle of the US stock market has begun. The beginning of any cycle is always bullish, so opening long positions on the technical signal on April 22 has the most optimal ratio of risk and potential profit.

👉 The end of Mercury's retrograde period on April 25 should ease pressure on market sectors related to artificial intelligence, technology and communications.

☝️ There are two scenarios for the development of the new base cycle (20 weeks), taking into account the forecast of the extremum of US stock indices on August 19, 2024.

1️⃣ If the market breaks the highs of March 21st and April 1st, it will likely be a bullish cycle and possibly new highs with a cycle top around August 19th. This will be approximately 16 weeks and time for the top of the new cycle.

2️⃣ If the market does not break the highs of March 21 and April 1 or makes a double top on the weekly chart, there is a high probability that this is a bearish cycle, the bottom of which will be sometime in September.

⚠️ The next expected extreme of the US stock market falls on May 17-20. This is a period of serious astrological aspects, often associated with political or social conflicts, which is reflected in high volatility in various financial markets. Particular attention should be paid to the crypto, technology sector and grain markets.