👀 WEEKLY SUMMARY 12.8-16.8 / FORECAST

📉 S&P500 - 2nd week of the new base cycle (20 weeks). The new cycle began on Mercury retrograde, which turned the stock markets around on August 5. Ahead is the resistance of the previous top on Algol from July 15 and the planetary tornado on August 19, which we promised at the beginning of the year. 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 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, but remember about the tendency of retrograde Mercury to various tricks. 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 I 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, gold broke through the double top formed by the Mercury retrograde on August 5, and left the multi-month range, also started by the Mercury retrograde on April 12, 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. 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. 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. At the moment, we have a trend movement upward and a correction to our extreme forecast for August 19, made at the beginning of the year.

✋ You know about my bearish sentiment 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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