👀 WEEKLY RESULTS 26.8-30.8 / FORECAST

📉 S&P500 - 4th week of the basic cycle (20 weeks). The planetary tornado of August 19, promised at the beginning of the year, continued to hold back the pressure of the new cycle for the second week, which began on August 5 during Mercury retrograde. Two weeks ago they promised:

"we can twitch for a couple of weeks until the end of retrograde."

☝️ Technically, Friday's close looks promising. The picture is similar to the preparation for a breakout of the previous top on Algol from July 15. Retro-Mercury with its antics is over, but a powerful extreme forecast is lurking on Tuesday, September 3, after Labor Day.

🪐 The extreme forecast for September 3 coincides in timing with the resistance on Algol. Uranus (♅), which often contributes to level breakouts, plays a major role in this extreme. However, there is another powerful factor in this extreme that can reverse the market (even after the breakout).

👉 By the way, Uranus is already working, because the DJIA index did break through this level on Friday (see chart), which is a sign of bearish intermarket divergence.

👉 All attention is on September 3 and the Algol level. Taking into account the astrological weight of the extreme forecasts of July 15 and August 19, as well as the general cyclical timing involving 4-year and 50-week cycles, I continue to assume that this basic cycle may become bearish ending in the fall-winter of 2024.

⚠️ This forecast will be revised with a confident breakout of the Algol level from July 15 by all indices.

🏆 GOLD - 10th week of the basic cycle (15-20+ weeks). The breakout of the upper border of the Mercury range was stopped and contained for two weeks by our extreme forecast on August 19 in a narrow range between the breakout level (which became support) on August 16 and the extreme forecast level.

⚠️ The next extreme forecast for gold is on September 3. Technically, at the moment, it coincides with the daily MA20 and the lower level of the current range.

🛢 CRUDE - the 13th week of the basic cycle (28 weeks). The long position was closed by stop with a small profit. The next extreme forecast is on September 3. Technically, it coincides with the lower border of the large triangle.

🐻 My long-term bearish sentiment (https://t.me/jointradeview/140) for oil remains.

💸 DOLLAR-YEN - 4th week of the base cycle (25 weeks on average), which began on August 5th at Mercury retrograde. The dollar-yen pair is at the end of a 4-year cycle, see the April post (https://t.me/jointradeview/52).

⚠️ The dollar-yen pair formed a semblance of a double bottom, so as promised last week,

"This forecast will be revised if the dollar-yen pair forms a double bottom."

the forecast that the new base cycle will be bearish is canceled for now.

👉 The picture is bullish at the moment. We work as usual. Let's return to the bearish theme in case of a downward breakout. There is no signal of the end of the 4-year cycle yet.