👀 WEEKLY RESULTS 19.8-23.8 / FORECAST

📉 S&P500 - 3rd week of the basic cycle (20 weeks). The planetary tornado of August 19, promised at the beginning of the year (https://t.me/jointradeview/11), held back the pressure of the new cycle all week, which began on August 5 at Mercury retrograde (https://t.me/jointradeview/116). S&P has not yet reached the level of the previous top on Algol from July 15 (https://t.me/jointradeview/161) either by index or by futures.

👉 This week, the trend prospects depend on a breakout of the resistance level or the formation of a double top. Last week (https://t.me/jointradeview/197) we wrote:
"☝️ For now, we are acting according to game plan 2 (https://t.me/jointradeview/183), but we 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."

👉 We are twitching, waiting for the formation. Taking into account the astrological weight of the extreme forecasts on July 15 and August 19 and the general cyclical timing (https://t.me/jointradeview/187) involving a 4-year and 50-week cycles, I continue to assume that this basic cycle may become bearish ending in the fall-winter of 2024.

⚠️ This forecast will be revised with a confident breakout of the resistance of the previous top on Algol from July 15 (https://t.me/jointradeview/161).

🏆 GOLD - 9th week of the base cycle (15-20+ weeks). The breakout of the upper border of the Mercury range (https://t.me/jointradeview/197), which was written about last week (https://t.me/jointradeview/197), was delayed by the planetary tornado on August 19, promised at the beginning of the year (https://t.me/jointradeview/11).

✋ An epic breakout did not happen, our extreme forecast suspended the trend, and retrograde Mercury, as always, ruined everything (https://t.me/jointradeview/146). Nevertheless, the trend is bullish, the correction to the breakout level took place, resistance became support. Everything is classic. The next extreme forecast for gold is September 3.

🛢 CRUDE - week 12 of the base cycle (28 weeks). The extreme forecast for August 19 (https://t.me/jointradeview/83) worked with a tolerance of 2 days, since technically there were two reversal options (marked on the chart). As a result, they broke through MA20 and reversed on August 21 from the lower border of the large triangle, which was written about last week (https://t.me/jointradeview/197).

👉 A long position was opened on oil on Thursday. The next extreme forecast is September 3.

🐻 Despite the long position at the moment, my bearish sentiment (https://t.me/jointradeview/140) for oil in the long term remains.

💸 USD/JPY - probably week 3 of the base cycle (25 weeks on average), which began on August 5th at Mercury retrograde (https://t.me/jointradeview/116). The USD/JPY pair is at the stage of completing a 4-year cycle.

🐻 The completion of the 4-year cycle can be very intense (see the chart in the April post (https://t.me/jointradeview/52)). It is possible that the new base cycle will be bearish.

⚠️ This forecast will be revised if the USD/JPY pair forms a double bottom, see the chart.