👀 WEEKLY SUMMARY 7.10-11.10 / FORECAST

📉 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 still bearish. In the near future, either a breakout of the triangle or an exit to a flat. Weekly chart for a large picture. My bearish sentiment (https://t.me/jointradeview/140) for crude remains at least until a confident breakout of the upper boundary of the triangle.

#stocks #gold #crude




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