👀 WEEKLY SUMMARY 14.10-18.10 / FORECAST

📈 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 November-December. For now, we continue to work with the trend.

🏆 GOLD - currently considering the 2nd week of the new basic cycle (15-20+ weeks). The previous cycle lasted 15 weeks. It was not the most standard end of a basic cycle, occurring almost without a correction. Such cases happen during strong trends and significant extreme forecasts (October 14). If a substantial correction occurs in the next couple of weeks, we will reassess the cycle.

⚠️ The extreme forecast for October 14, made earlier this year (https://t.me/jointradeview/15), worked out perfectly. There was a signal to enter at the end of last week, but on Monday, the market dipped slightly, providing an opportunity to enter at better levels. As I wrote last week (https://t.me/jointradeview/244), this extreme forecast is very strong for gold, associated with Mercury, occurs once a year, and has a 99% chance of triggering a rally in gold. Hopefully, some readers took advantage of this information and profited. The rally brought in over $7K on a futures contract with a margin of $15K in just a week (see chart). The next "scheduled" extreme forecast is on October 28.

🛢 CRUDE - 20th week of the basic cycle (28 weeks), 2nd phase. The extreme forecast for October 14 was effective not only for gold but also for crude. Under its influence, crude reversed and again broke through the lower boundary of the triangle, as I promised last week (https://t.me/jointradeview/244). The basic cycle remains bearish. My bearish sentiment (https://t.me/jointradeview/140) on crude remains intact.

⚠️ Note that geopolitics does not necessarily influence the price of crude; the energy of the cosmos is stronger. The next significant extreme forecast is on November 15 (not mentioned earlier this year). This setup could lead to a supply constraint for crude. It will be the 24th week of the basic cycle, a timing for a reversal and the start of a new cycle (the previous cycle lasted 25 weeks).