👀 WEEKLY RESULTS 12.8-16.8 / FORECAST

📉 S&P500 - 2nd week of the new base cycle (20 weeks). The new cycle began on Mercury retrograde (https://t.me/jointradeview/116), which turned the stock markets around on August 5. Ahead is the resistance of the previous top on Algol from July 15 (https://t.me/jointradeview/161) and the planetary tornado on August 19, which we promised at the beginning of the year (https://t.me/jointradeview/11). There is also a divergence in MACD to boot. All the conditions for a potential double top.

⚠️ Given the astrological weight of the upcoming extreme forecast on August 19 and the general cyclical timing (https://t.me/jointradeview/187) involving a 4-year and 50-week cycle, I assume that this base cycle will be bearish ending in the fall-winter of 2024.

☝️ For now, we are acting according to game plan 2 (https://t.me/jointradeview/183), but remember about the tendency of retrograde Mercury to various tricks (https://t.me/jointradeview/146). A strong extreme forecast is lurking on September 3. This means that we can twitch for a couple of weeks until the end of retrograde.

🏆 GOLD - 8th week of the base cycle (15-20+ weeks). Last week they wrote:
... strong resistance in the 2500-2530 region. It will not be easy to break through such a ceiling, and if it does, it will be epic.
🐮 A day before the middle of the Mercury retrograde on August 19 (https://t.me/jointradeview/116), gold broke through the double top formed by the Mercury retrograde on August 5 (https://t.me/jointradeview/116), and left the multi-month range, also started by the Mercury retrograde on April 12 (https://t.me/jointradeview/43), into uncharted territory.

🪐 We can say that this entire consolidation of gold on the futures chart from early April to mid-August was exclusively Mercurian.

☝️ If any unpleasant events occur over the weekend or at the beginning of the week, then this is definitely a bullish trend. On the other hand, a serious collapse of the stock market can drag gold down with it. And retrograde Mercury is not over yet, what a cheater (https://t.me/jointradeview/146). The next extreme forecast for gold is on September 3.

⚠️ Please note that the breakout happened the day before our extreme forecast - the planetary tornado on August 19, which we promised at the beginning of the year (https://t.me/jointradeview/15). This is exactly the case when an extreme works as a breakout of an important level.

🛢 CRUDE - the 11th week of the basic cycle (28 weeks). The beginning of the 2nd phase, which began on the retrograde Mercury from August 5 (https://t.me/jointradeview/116). At the moment, we have a trend movement upward and a correction to our extreme forecast for August 19 (https://t.me/jointradeview/83), made at the beginning of the year.

✋ You know about my bearish sentiment (https://t.me/jointradeview/140) for oil in the long term. But on the weekly chart, a giant triangle has formed, which should break through somewhere. Even if the movement is false, it is still a trend that can be worked out. In any case, the market is always right and it is better not to tell it where to move.

☝️ Based on the technical and astrological picture, I expect a bullish trend this week from our extreme forecast for August 19 with a target of 82+. The next extreme forecast is September 3.







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