👀 WEEKLY RESULTS 29.7-2.8 / FORECAST

📈 S&P500 - 16th week of the base cycle (20 weeks). Of course, I knew that Algol (https://t.me/jointradeview/161) 😈 would put pressure on the market on July 15, I warned about this event (https://t.me/jointradeview/20) at the beginning of the year and closed part of the position on this aspect (https://t.me/jointradeview/171), but I considered such a powerful blow with a breakout of all support levels unlikely (although I pulled up the stop 😁). The remaining half of the position from April 22 was closed by stop (https://t.me/jointradeview/176) with a very good profit.

⚠️ On Monday, an important extreme - the first day of Mercury retrograde (https://t.me/jointradeview/116). Technically, the 3rd Fibonacci level of 0.618 and strong support are ahead. The scenario is April (https://t.me/jointradeview/54), but we need to clarify the previous game plan (https://t.me/jointradeview/155), options:

1️⃣ Bearish 3rd phase and the bottom of the base cycle at our extreme forecast on August 19.

2️⃣ The beginning of a new bearish base cycle on Mercury retrograde with a reversal at the extreme on August 19.

🏆 GOLD - 6th week of the base cycle (15-20+ weeks). We have the second double top since April, i.e. already 4 attempts to break through the resistance of 2520. Somehow it all dragged on. On Monday, a serious extreme forecast - the beginning of Mercury retrograde (https://t.me/jointradeview/116). The post about Mercury retrograde is here (https://t.me/jointradeview/146), this is a difficult period for positional trading. The position from July 1 (https://t.me/jointradeview/154) was finally closed on Friday with a good result.

🛢 CRUDE - the 9th week of the basic cycle (28 weeks). Positive aspects involving Neptune (♆) on the supply side continue to put pressure on oil (see oil astrology (https://t.me/jointradeview/133)). A little more and there is a chance of ending up in a bearish cycle (https://t.me/jointradeview/140). The next serious extreme forecast is August 19. Short from July 18.

💸 DOLLAR-YEN - 32nd week of the base cycle (25 weeks on average). There is no doubt that this is the culmination of the 4-year cycle that I promised in April (https://t.me/jointradeview/52). In these cases, the base cycle is usually delayed or shortened.

"✋ I can't ignore the rise of the US dollar against the Japanese yen to a 34-year high. The medium-term dollar-yen cycle is about 4 years. 3.5 years have passed since the beginning of the current cycle, the top of the bullish cycle is often reached in the 4th year."

⚠️ Timing for a new base cycle and the end of a 4-year cycle. What the end of 4-year cycles looks like can be seen on the chart in the April post (https://t.me/jointradeview/52). Could be very intense. It is possible that the new base cycle will be bearish.