👀 WEEKLY SUMMARY 27.5-31.5 / FORECAST

📈 S&P500 - 7th week of the base cycle (20 weeks). Rollback as promised. It looks like the beginning of the 2nd phase of the cycle. There is a strong divergence between the S&P/NASDAQ and the DJIA. On Friday there is a daily up signal. To confirm bullish intentions, markets need to break through the May extreme level. There are doubts about the DJIA. If they don’t break through, the prospects are bearish. I hold the position, my stop is pulled up. The next forecast extreme is June 7-10.

🪙 GOLD - 16th week of the basic cycle (15-19 weeks). The cycle is very mature in the 3rd phase with a double top. The main supports have been broken. The next forecast extremes are June 7-10 (in 1 week) and July 1 (in 4 weeks). Approximate levels for the nearest futures are 2310 and 2260. The reversal will be shown by technical indicators.

Option: Since we have two strong extremes within the same cycle, three weeks apart, gold could make another top in June. Under control.

🛢 OIL - 25th week of the basic cycle (28 weeks). The cycle is mature. As expected, the reversal from the extreme on May 24 did not have enough strength. Oil turns hard, with big tails and false signals. I think that we must reach the forecast extremes. We will either break through the May triple bottom or hang around. The concept is the same. The forecast for June 17-20 or July 1 is valid.

💸 YEN - 23rd week of the basic cycle (25 weeks). The cycle is mature in the 3rd phase. The phase is weak, in 4 weeks it did not reach the reversal range of April 29. We are waiting for the base cycle to start in June. The approximate correction range is 150-152. Forecast extremes: June 7-10 and July 1.