👀 WEEKLY SUMMARY 3.6-7.6 / FORECAST

📈 S&P500 - 8th week of the base cycle (20 weeks). The 2nd phase of the cycle is working as promised. S&P and NASDAQ broke through the May extreme, but not by much 😁. Both indices show slight divergence. DJIA is in bearish mode. We are waiting to see how the market behaves at the forecast extreme on June 10 (+1 day). There are still chances to continue the upward movement. I hold the position, my stop is pulled up.

🪙 GOLD - 17th week of the basic cycle (15-19 weeks). The cycle is very mature. The weak signal from June 3 worked, but it was only enough for the third top promised a week ago. Perhaps the extreme on June 7-10 worked for a reversal from the third peak, but we need to wait for June 10 and look at the behavior of gold and indicators. Estimated levels for the nearest futures are 2310 (reached) and 2260. If the downward movement continues, the next extremes will be June 17 and 20 (weak signals).

🛢 OIL - 26th week of the basic cycle (28 weeks). The cycle is very mature. Oil broke through the May bottom, as promised. The weak signal of June 3 for oil turned into a reversal. This movement could be the beginning of a new cycle, but we still need to overcome the sandwich of signals from June 7-10, a powerful May resistance line and the underlying moving average. Until they are broken, I believe that there are still chances for oil to move to the forecast extremes on June 17-20 or July 1.

💸 YEN - 24th week of the basic cycle (25 weeks). The cycle is very mature. The dollar-yen pair surprised this week with an intense surge upward, but that’s not how basic cycles end. The concept is the same. Let's see how the extreme on June 10 works out. Around Friday, June 14-17, there is a weak extremum signal, which may work in tandem with the Bank of Japan's rate decision. The next strong extreme is July 1.