REVERSALS AND TRENDS

📉 S&P500 - 12th week of the basic cycle (20 weeks on average). As I promised last week (https://t.me/jointradeview/247), the extreme forecast from October 14 did indeed push the market downward. As expected, the signal on October 23 turned the market back up, but not very convincingly. This is not surprising, given the weak signal. It may not hold. Friday's close was very weak. The NASDAQ touched the Algol level (https://t.me/jointradeview/161) from mid-July. There is a possibility of a double top formation in the NASDAQ. This intermarket divergence is a major negative for the markets. The next "scheduled (https://t.me/jointradeview/20)" extreme forecast is on November 4. 🏆 GOLD - 3rd week of the new basic cycle (15-20+ weeks). We are holding the position opened at the extreme forecast on October 14. The beginning of a new cycle is always bullish. The next "scheduled (https://t.me/jointradeview/15)" extreme forecast is on October 28-29, which may trigger a...

👉 The moment when a planet enters a zodiac sign is called an ingress. Depending on the planet and the sign, this event can have specific implications for the markets. 👉 Mars enters the sign of Scorpio every two years. This ingress has a high correlation with significant bullish rallies in gold. 👌 The charts show the last three times Mars entered Scorpio. The profit on a futures contract ranged from $5,000 to $10,000 with a $20,000 margin. Depending on the number of contracts, it can be a nice addition to retirement savings. Content Hub - Articles Index - Library / Archive #mars #scorpio

📈 S&P500 - 11th week of the basic cycle (20 weeks on average). The cycle is bullish. On Monday, the S&P reached a high but was stopped by the extreme forecast for October 14. Throughout the week, the S&P was unable to break through this level. The NASDAQ is still lagging and has yet to break above the Algol level (https://t.me/jointradeview/161) from mid-July. This intermarket divergence is significantly restraining the market's momentum. 👉 October 23 will see the next extreme forecast, one that was predicted at the beginning of the year. Its energy is weak, but if the October 14 extreme forecast manages to push the market at the start of the week, it could return to trend. If it acts against the trend, it may cause a minor correction. 👉 The forecast for a significant correction that will complete the 4-year cycle (https://t.me/jointradeview/66) and the 50-week cycle (https://t.me/jointradeview/187) remains in effect. There will be plenty of reasons for this in No...

📉 S&P500 - 10th week of the base cycle (20 weeks on average). The cycle is bullish. The market is mastering new highs, but rather restrained. NASDAQ is still lagging. The next extreme forecast is on Monday, October 14. The forecast of a serious correction that will complete the 4-year cycle and the 50-week cycle remains in force. There will be enough reasons for this in November-December. 🏆 GOLD - 16th week of the base cycle (15-20+ weeks) or 1 week of a new cycle. It is possible that the extreme forecast for October 14 has already worked out. At the close of Thursday-Friday, we have a strong technical signal to buy. This extreme forecast is very strong for gold. As a rule, such setups provoke a rally in gold, especially against the background of the maturity of the base cycle. 🛢 CRUDE - 19th week of the base cycle (28 weeks), 2nd phase. Both options mentioned last week worked out for crude. Crude touched both the upper and lower boundaries of the triangle. The base cycle is ...

📉 S&P500 - 9th week of the base cycle (20 weeks on average). The extreme forecast on September 23 pushed S&P to an important resistance level of Algol, which turned into a support level (see chart). NASDAQ is still lagging. The base cycle has acquired bullish signs, but the market is technically weak. The next extreme forecast is October 11-14. This extreme forecast is very strong. It may be associated with geopolitical escalation and nervous market reaction. 🏆 GOLD - 15th week of the base cycle (15-20+ weeks). The base cycle is close to maturity. The delayed effect of the extreme forecast on September 23 caused a restrained correction (see chart). The correction may continue during the week until the next extreme forecast on October 14. This extreme forecast is very strong. As a rule, such setups provoke a rally in gold, especially against the background of the maturity of the base cycle. 🛢 CRUDE - 18th week of the base cycle (28 weeks), 2nd phase. The breakout turned ou...