👀 WEEKLY SUMMARY 30.9-4.10 / FORECAST

📉 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 out to be false. The price returned to the triangle. I wrote about this option on September 9. According to timing, the next extreme forecast for crude is October 14. According to technicals, the nearest levels are the upper border of the triangle from above and MA20 from below. Two options this week (see chart):
1️⃣ High probability of a correction to MA20 with the resumption of the crude rally on October 14 (possibly with a breakout of the triangle).
2️⃣ Less likely to continue the trend with a reversal on October 14 from the upper border of the triangle.

💸 DOLLAR-YEN - 9th week of the base cycle (25 weeks on average), which began on August 5 at the forecast retro-Mercury. At the end of September, the market confirmed the support line formed by the retro-Mercury on August 5 (see chart). The bear is canceled. The base cycle has switched to bullish mode.

#stocks #gold #crude #yen