👀 WEEKLY SUMMARY 24.6-28.6 / FORECAST

📈 S&P500 - 11th week of the base cycle (20 weeks). 2nd phase. The forecast extreme on June 20 resulted in a slight correction in the S&P and NASDAQ. On Friday, the S&P hit an all-time high and closed with a key reversal. It looks like the work of our forecast extreme on July 1. Futures have a double top. A thin pre-holiday market is ahead (Independence Day on July 4th). I am holding the position from April 22, the stop is tightened.

🪐 Remember, in May the S&P bullish trend was promised at the entrance of Jupiter into Gemini. Don’t be lazy to re-read. The phase 2 trend began on May 31 like clockwork.

🏆 GOLD - 20th week of the basic cycle (15-20 weeks, sometimes more). Possibly the first week of a new basic cycle. The extreme on June 20 worked downwards, as promised. Double bottom and daily signal. See separate post for more details.

🛢 OIL - 4th week of the basic cycle (28 weeks).

The weak signal of June 3 for oil turned into a reversal. This movement may be the beginning of a new cycle.

Long position from June 6. Our forecast extreme on June 20 caused consolidation. On Friday, oil closed with a key downward reversal, possibly under pressure from our forecast extreme on July 1. For now, oil is in range mode. The trend is bullish. We remember the negative factors associated with this cycle.

💸 DOLLAR-YEN - most likely 2 weeks of a new cycle. It is a rare case when a new basic cycle begins on a breakout of a level, and not on a reversal. I mentioned this in the description of extremes in March.

Occasionally, an extreme point does not become a reversal, but acts as a breakout of an important level.

I made an assumption about the beginning of the cycle back on June 17. There was a weekly signal at the forecast extreme. There was no correction at all.