👀 WEEKLY RESULTS 16.9-20.9 / FORECAST

📉 S&P500 - 7th week of the base cycle (20 weeks on average). With titanic efforts, S&P and DJIA finally broke through the level of August 19 (https://t.me/jointradeview/11) and the Algol level (https://t.me/jointradeview/161). As I wrote last week (https://t.me/jointradeview/225), this calls into question the bearish characteristics of the current base cycle.

👉 We continue to work according to our extreme forecasts. They do not depend on the bullish or bearish state of the market and bring good stable income. The next extreme forecast for September 20-23 (https://t.me/jointradeview/20) is expected on Monday. Let's see how it will affect the overheated market.

🏆 GOLD - Week 13 of the base cycle (15-20+ weeks). The correction to the resistance level of August 19 promised last week (https://t.me/jointradeview/225) has worked out for gold. The expected bullish trend is in full swing. As I wrote in mid-August (https://t.me/jointradeview/197), gold has entered uncharted territory outside of technical analysis. Cyclicity has not been canceled. Note that the base cycle is close to maturity.

☝️ The next extreme forecasts are September 23 (weak) and in three weeks October 11-14.

1️⃣ A serious correction of the gold base cycle on September 23 is possible, but unlikely due to a strong bull. If it works, October 14 could be the start of a new cycle.
2️⃣ Given the strong bull and timing, the best time for the cycle peak and gold correction is expected on October 14, when the cycle will be 15 weeks old.
In general, there are two scenarios here, we will look at the situation.

💰 In the meantime, we are increasing the profit from the position opened on our extreme forecast on September 3 (https://t.me/jointradeview/15), but do not forget to tighten the stops.

🛢 CRUDE - 16th week of the base cycle (28 weeks), 2nd phase. The promised (https://t.me/jointradeview/223) bullish movement of the beginning of the second phase to the lower border of the triangle. The current base cycle will retain bearish characteristics even if the price returns to the middle of the triangle. The nearest extreme forecasts for crude are September 23 and October 14 (similar to S&P). My concept has not changed, see the post from September 9 (https://t.me/jointradeview/223).

💸 DOLLAR-YEN - the 7th week of the basic cycle (25 weeks on average), which began on August 5 at the forecast retro-Mercury (https://t.me/jointradeview/116). False breakout of the double bottom (see chart). What did you expect from the cheater retro-Mercury (https://t.me/jointradeview/146)?

👉 The basic cycle retains bearish characteristics. The market is heavily oversold and at least a small upward correction is generally quite appropriate. The USD/JPY pair is at the end of a 4-year cycle, which could be very intense (see chart in the April post (https://t.me/jointradeview/52)).