👀 WEEKLY RESULTS 5.8-9.8 / FORECAST
📈 S&P500 - 17th week of the base cycle (20 weeks) or possibly the 1st week of a new base cycle. Retrograde Mercury worked again clearly, (https://t.me/jointradeview/116) turning the markets around on August 5 at the second support. The amplitude of movement in the S&P from Algol (https://t.me/jointradeview/161) to retro-Mercury was 10%. Our forecasts were fully realized.
⚠️ Perhaps August 5 became the basis of a 16-week base cycle, and we are in the first week of a new base cycle. 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 the tendency of retro-Mercury to various tricks. (https://t.me/jointradeview/146) In addition, a strong extreme forecast is lurking on September 3, but first let's see what happens on August 19.
☝️ A possible breakdown of the lower mark from August 5 will cause serious panic among traders, investors and talking heads.
🏆 GOLD - 7th week of the base cycle (15-20+ weeks). Retrograde Mercury from August 5 (https://t.me/jointradeview/116) formed the second top of the second double top (see chart) and finally formed a powerful resistance in the 2500-2530 region. It will not be easy to break through such a ceiling, and if there is a breakthrough, it will be epic. At the same time, technically, the current base cycle does not look very bullish.
⚠️ Note that the first top of this "quadruple" top was also formed by retrograde Mercury (https://t.me/jointradeview/116) from April 12.
🛢 CRUDE - 10th week of the base cycle (28 weeks). Retrograde Mercury on August 5 (https://t.me/jointradeview/116) turned crude against weakened Neptune (♆) on the supply side (see crude astrology). (https://t.me/jointradeview/133) Technically, the current base cycle does not look very bullish. The probability of a bearish cycle (https://t.me/jointradeview/140) remains. The next serious extreme forecast is on August 19. Short from July 18 (https://t.me/jointradeview/171) closed on August 5 on retrograde Mercury. (https://t.me/jointradeview/146)
💸 DOLLAR-YEN - probably the 1st week of a new base cycle (25 weeks on average). The base cycle has stretched to 32 weeks. This happens when the base cycle coincides with an older cycle.
The fall of the dollar-yen pair (respectively, the growth of the yen) was stopped by retro-Mercury (https://t.me/jointradeview/116) on August 5 after the culmination of the 4-year cycle, promised by me in April. (https://t.me/jointradeview/52) It looks like a new basic cycle is forming.
⚠️ Last week I already wrote (https://t.me/jointradeview/183) that the completion of the 4-year cycle can be very intense. What the completion of 4-year cycles for the dollar-yen pair looks like can be seen on the chart in the April post. (https://t.me/jointradeview/52) Therefore, it is possible that the new basic cycle may turn out to be bearish.
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