👀 WEEKLY SUMMARY 11.11-15.11 / FORECAST

📉 S&P500 - 15th week of the basic cycle (20 weeks on average). The cycle is mature and nearing completion. Last week’s forecast of Venus entering Capricorn worked flawlessly. A sell signal appeared on the daily chart on Wednesday, generating over $5K per futures contract in two days. The S&P index created another downward gap and formed an isolated island (see chart). This is a strong bearish formation.  

☝️ The 4-year cycle (https://t.me/jointradeview/66), which began in 2020, still hasn’t undergone a proper correction. The market hasn’t experienced a healthy 10% correction since fall 2022. Given the maturity of this cycle, now is the perfect time. Based on our concept of crashes and presidents (https://t.me/jointradeview/125), the expected correction range is 10-25%.

⚠️ The next extreme forecast is December 6-9, with Mercury retrograde starting on November 26 (https://t.me/jointradeview/146). Note the overlap between the December 9 extreme forecast and the midpoint of the retro-Mercury period (https://t.me/jointradeview/116). Regular readers know that retrograde Mercury is no joke, especially when combined with other signals. A strong signal is also expected on November 18, but it relates more to gold.

🏆 GOLD - 6th week of the basic cycle (15-20+ weeks) or the end of the old cycle (21st week). As promised last week (https://t.me/jointradeview/259), the truncated and unattractive 1st phase transformed into a neat bearish move. In the old basic cycle, this is the 3rd phase. There’s a high likelihood that gold has hit the “scheduled (https://t.me/jointradeview/15)” extreme forecast for November 18. The promised support line (https://t.me/jointradeview/259) has also been validated.  

⚠️ Take note! On October 14, we started counting a new basic cycle for gold. However, the technical picture resembles the end of the old cycle. We’re adjusting the concept and reverting to the old basic cycle count. The old cycle is now 20 weeks long. This aligns perfectly with cycle timing, astrological, and technical signals for a reversal and the start of a new basic cycle.

🛢 CRUDE OIL - 24th week of the basic cycle (28 weeks), 2nd phase. The large bearish trend predicted in June (https://t.me/jointradeview/140) continues. The extreme forecast for November 18 could work either as a reversal or a support level breakout. This is due to the signal’s connection with Pisces ♓️, which rules crude oil (https://t.me/jointradeview/133). However, Uranus is also involved in this setup, and as you may recall, Uranus often triggers level breakouts rather than reversals. We’ll assess the situation dynamically using technical signals.  

☝️ The next extreme forecasts for crude are December 9 (27th week) and December 18 (28th week), instead of December 20.  

#stocks #gold #crude