📉 S&P500 - 5th week of the base cycle

 📉 S&P500 - 5th week of the base cycle (20 weeks on average). Some quotes from previous posts:

"Algol will put pressure on the market on July 15, warned about this event (https://t.me/jointradeview/20) at the beginning of the year."
"⚠️ On Monday, an important extreme - the first day of Mercury retrograde (https://t.me/jointradeview/116). Game plan 2: the beginning of a new bearish base cycle on Mercury retrograde with a reversal at the extreme on August 19."
"A new cycle began on Mercury retrograde (https://t.me/jointradeview/116), which reversed stock markets on August 5. Ahead is the resistance of the previous top on Algol from July 15 (https://t.me/jointradeview/161) and the planetary tornado on August 19, which we promised at the beginning of the year (https://t.me/jointradeview/11). All the conditions for a potential double top."
"🪐 The extreme forecast for September 3 (https://t.me/jointradeview/20) coincides in timing with the resistance on Algol. ... this extreme also contains another powerful factor that can reverse the market."

☝️ The extreme forecast is the planetary tornado on August 19, which stopped the trend and strictly held the S&P at one level for 2 weeks. The extreme forecast (https://t.me/jointradeview/20) on September 3 reversed the market at the level of August 19, marking the predicted double top.

👉 Look at the chart to see how accurately the bearish intermarket divergence on the DJIA worked out after Uranus (♅) falsely broke through the Algol level (https://t.me/jointradeview/161), as promised in the post last week (https://t.me/jointradeview/213).

👉 It looks like the extreme forecast for July 15 (Algol) may become the top of the current 50-week (https://t.me/jointradeview/187) and 4-year (https://t.me/jointradeview/66) cycles for the S&P, and the top of these cycles for the DJIA may become our extreme forecast for September 3.

⚠️ Given the current situation, as well as the general cyclical timing (https://t.me/jointradeview/187) involving 4-year (https://t.me/jointradeview/66) and 50-week (https://t.me/jointradeview/187) cycles, my assumptions that the current basic cycle, which began on August 5 with Mercury retrograde (https://t.me/jointradeview/116), may become bearish, have received additional confirmation. The bearish cycle will be confirmed only after the breakout of the cycle start level on August 5.

☝️ In terms of timing, we can already talk more precisely about November-December 2024. I published a forecast of correction levels last week (https://t.me/jointradeview/218).

👉 The next extreme forecast for S&P is September 23.

☝️ Please note that the market behavior was described in the posts in advance, and the main turning points were predicted at the beginning of the year (https://t.me/jointradeview/20). I advise you to reread the posts and look at the charts, starting from the end of May (https://t.me/jointradeview/118), how beautifully and accurately the planetary mechanism worked, the algolic theme developed and the planetary tornado acted. We are talking about markets in the future tense.

👉 See also the review and forecast 2.9-6.9 for gold (https://t.me/jointradeview/222), oil (https://t.me/jointradeview/223) and yen (https://t.me/jointradeview/224).

#stocks