👀 WEEKLY SUMMARY 29.7-2.8 / FORECAST

📈 S&P500 - 16th week of the base cycle (20 weeks). Of course, I knew that Algol 😈 would put pressure on the market on July 15, I warned about this event at the beginning of the year and closed part of the position on this aspect, 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 with a very good profit.

⚠️ On Monday, an important extreme - the first day of Mercury retrograde. Technically, the 3rd Fibonacci level of 0.618 and strong support are ahead. The scenario is April, but we need to clarify the previous game plan, 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. 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 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). A little more and there is a chance of ending up in a bearish cycle. 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. 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. Could be very intense. It is possible that the new base cycle will be bearish.