👀 WEEKLY SUMMARY 17.6-21.6 / FORECAST

📈 S&P500 - 10th week of the base cycle (20 weeks). The June 20 signal stopped the S&P and NASDAQ, but did not stop the DJIA. The divergence of the indices has turned upside down - typical Jupiter in Gemini. For now we are going according to plan. The next forecast extreme is July 1.

☝️ Interestingly, over the past 130 years, the 4-year US stock market cycle has only peaked 49 months after the start on two occasions. June 2024 is 51 months from March 2020.

🪙 GOLD - 19th week of the basic cycle (15-19 weeks, sometimes up to 26-29 weeks). Our forecast extreme on June 20 sent gold down. The 🐻 bearish scenario is working. Doesn't look like anything extreme. The next forecast extreme is July 1 (week 20 of the cycle).

🛢 OIL - 3rd week of the basic cycle (28 weeks). Our forecast extreme on June 20 slightly delayed the first bullish wave of the new base cycle. The next forecast extreme is July 1.

💸 DOLLAR-YEN - perhaps this is the 1st week of the new cycle. There is a weekly signal. By the way, this is the very rare case when a new basic cycle begins on a breakout, and not on a reversal. If we break through the April 29 top, we will find ourselves in a new basic cycle. There is still a slight chance of a correction this week, but an effective short of the dollar-yen pair is already unlikely.