π WEEKLY SUMMARY 18.11–22.11 / FORECAST
π S&P500 - 16th week of the basic cycle (average 20 weeks). I don’t think Trump’s surge on November 6 marked the start of a new cycle (doubts mentioned two weeks ago). Even with the gap closed (https://t.me/jointradeview/262), I assume we are still in a mature cycle aiming for completion in December. The signal on November 18, announced last week (https://t.me/jointradeview/262), worked flawlessly. Traders could earn up to $4K per E-mini contract. The market provided a clear technical buy signal from the MA20.
☝️ I’d like to reiterate that the 4-year cycle (https://t.me/jointradeview/66) and the 50-week cycle (https://t.me/jointradeview/187) still haven’t corrected significantly. The market hasn’t seen a healthy 10% correction since fall 2022. Considering the maturity of the long-term and basic cycles, now is the right time.
⚠️ Retrograde Mercury begins on November 26 (https://t.me/jointradeview/146). If Mercury retrograde comes into play, there’s potential for a double top or divergence – watch for technical signals.
π GOLD - 2nd week of the new basic cycle (15–20+ weeks). The start of any cycle is bullish. Price dynamics indicate the completion of the basic cycle at my "planned" extreme forecast on November 18 (https://t.me/jointradeview/15), which, by the way, was made at the start of the year.
☝️ The forecast was spot-on. The market gave a clear technical signal by Friday's close. All recommendations were provided in advance last week (https://t.me/jointradeview/262). Traders could earn over $14K per GC futures contract, restore positions after exiting or shorting at my October 29 extreme forecast, and optimally open longer positions for the new basic cycle. The correction amplitude from October 29 to November 18 amounted to $24K per GC contract.
⚠️ The next key points are the start and midpoint of Mercury retrograde (https://t.me/jointradeview/116) with all its peculiarities (https://t.me/jointradeview/146). Tentatively, I suggest this period may offer a correction and a chance for those who missed out to enter the trend optimally. Afterward, the next "planned" extreme forecast is December 16 (https://t.me/jointradeview/15).
π’ CRUDE - 2nd week of the new basic cycle (28 weeks). The November 18 extreme forecast, associated with the Pisces sign ♓️ governing crude (https://t.me/jointradeview/133), successfully signaled a reversal, as promised two weeks ago (https://t.me/jointradeview/259). Traders entering the market on November 18 from the support line could earn over $4K per CL contract.
☝️ This looks like the start of a new basic cycle. The length of the previous cycle was 23 weeks. The start of any cycle, even a bearish one, is always bullish. I continue to adhere to the concept I wrote about in June (https://t.me/jointradeview/140). The situation so far resembles the sideways trend of 2010–2011, which lasted four years and ended with a dramatic crash in July 2014.
☝️ The next extreme forecasts for crude are Mercury retrograde (https://t.me/jointradeview/116), December 9, and December 18.
#stocks #gold #crude
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