👀 WEEKLY SUMMARY 4.11-8.11 / FORECAST

📉 S&P500 - 14th week of the basic cycle (20 weeks on average). The extreme forecast on November 4, made at the beginning of the year (https://t.me/jointradeview/20), played out precisely. This movement brought over $12K on one futures contract. When closing the previous gap (see last post (https://t.me/jointradeview/256)), the S&P index created a new upward gap. Frankly, I’m facing a dilemma: is this the start of a new basic cycle or a continuation of the current cycle?

🪐 Let’s see how the market behaves this week. Early in the week, Venus (money, income) moves out of Sagittarius ♐️ (growth, optimism) and enters the bearish sign of Capricorn ♑️. I think this factor could dampen market optimism. Next week, we will clarify our position depending on the market’s dynamics.

⚠️ The next extreme forecast is on December 9, and Mercury retrograde begins on November 26 (https://t.me/jointradeview/146). Note the intersection of the December 9 extreme forecast with the midpoint of the retro-Mercury period (https://t.me/jointradeview/116). Regular readers know that retrograde Mercury is no joke. A strong signal also appears on November 18.

☝️ Additionally, we still haven’t seen a good correction in the 4-year cycle (https://t.me/jointradeview/66) that began in 2020. The next crisis period (see crisis map (https://t.me/jointradeview/97)) is set for December 24, 2024. This will be the 20th week of the current basic cycle and the ideal timing to complete the basic cycle, the 50-week cycle (https://t.me/jointradeview/187), and the 4-year cycle (https://t.me/jointradeview/66).

👉 I’m not writing anything specifically about Trump; I simply recommend rereading this post (https://t.me/jointradeview/125). The concept applies and continues to be relevant to the markets and the end of long cycles from 2025-2028, including the correction of the current 4-year cycle.

🏆 GOLD - 5th week of the basic cycle (15-20+ weeks). The extreme forecast on October 29 worked powerfully down to the MA50 (see chart) with a break through a strong support line. Technically, it’s still bearish. Four weeks are usually insufficient for completing the first phase. It looks truncated and unappealing, not ideal. I think this phase may require next week for completion, and that's where the next "scheduled (https://t.me/jointradeview/15)" extreme forecast is lurking on November 18. The following support lines are marked in white dotted lines on the chart. We’ll see; there are possible scenarios.

🛢 CRUDE - 23rd week of the basic cycle (28 weeks), 2nd phase. Another attempt for crude to return to the large triangle failed (see chart). The major bearish trend I predicted in June (https://t.me/jointradeview/140) continues.

☝️ The next extreme forecast is November 15-18 (not mentioned at the beginning of the year). This astrological event is associated with Pisces ♓️, which rules crude (https://t.me/jointradeview/133). This setup may lead to a supply constraint for crude. This will begin the 24th week of the basic cycle, the ideal timing for a reversal and the start of a new cycle (the previous cycle lasted 25 weeks). The start of a new cycle (even a bearish one) is always bullish.

#stocks #gold #crude #trump