👀 WEEKLY SUMMARY 13.5-17.5 / FORECAST
📈 S&P500 - 5th week of the base cycle (20 weeks). Scenario 2. On aspects of Uranus (♅), all three indices confidently broke through the March level. At the moment, the markets clearly hit the forecast extreme of May 17-20. We are holding positions from April 22. Forecast: the market is in Taurus euphoria ♉️ (a separate post about this), at which the extreme on May 17-20 will most likely be broken (possibly after a rollback). The euphoria may end in early June, but most likely will last until the next extreme on June 7-10.
🪙 GOLD - 14th week of the basic cycle (15-19 weeks). The May 3 low is unlikely to be the start of a new cycle. He was at 11 weeks. I think this is the basis of phase 3. There are 1-6 weeks left until the start of the cycle. So far we have hit the extreme on May 17-20, without breaking through the April top. I continue to assume that the probable extremum on May 17-20 may become the top of the 3rd phase with a subsequent correction. The next forecast extreme on July 1 is just in 6 weeks (it could still be June 7-10).
🛢 OIL - 23rd week of the basic cycle (28 weeks). I think that the low of May 15 in the 22nd week is early for the low point of the cycle. Such a short cycle in oil is rare. Since 2020, there have been two basic ones of 24 weeks, the rest of 28. We will keep it in mind, but so far the concept has not changed. We expect the bases of the base and long cycles to converge in June. The next forecast extremes are June 17-20 and July 1 - exactly the 26th and 28th weeks of the base cycle. The forecasts are valid.
💸 YEN - 21st week of the basic cycle (25 weeks). 3rd phase of the cycle. The phase is clearly weak and has not yet reached the resistance range of the top of April 29. We are waiting for the base cycle to start in June. Forecast extremes: June 7-10 and July 1.
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