π WEEKLY SUMMARY 12.5–16.5 / FORECAST
π S&P500 – 6th week of the base cycle (average 20 weeks). Long position held from the extreme forecast of April 7 or April 22, both outlined at the start of the year. The May 5 pivot forecast paused but did not reverse the market’s uptrend. The current ES futures contract didn’t break the May 2 low, so the long position remains valid. The move’s working amplitude as of Friday’s close exceeds $30K per contract.
⚠️ The next extreme forecast for the U.S. stock market falls on Monday, May 19. The peak of 2025's astrological turbulence, as marked on the crisis map, is expected between June 16–23.
π GOLD – Based on earlier adjustments, this is likely the 21st week of the base cycle (15–20+ weeks). A double top pattern formed on May 7 around the April 22 extreme, as expected in the previous post. The cycle is mature and likely approaching its low. Nearest support on the current GC futures: 3000 (pivot forecasts of Feb 11 and 24), then 2850 (extreme forecast of Oct 28, 2024).
⚠️ The working amplitude of the GC downward move from the May 7 double top near the April 22 extreme sits at about $10K per contract as of Friday. The next extreme forecast for gold is on Monday, May 19.
π’ CRUDE – 24th week of the base cycle (28 weeks) or 2nd week of a new base cycle. The upward move from the May 5 extreme forecast stopped just short of confirmed resistance at 64.50 on the current CL futures. A double bottom may be forming at that extreme level.
⚠️ The working amplitude of the upward move from the May 5 extreme on CL futures reached around $5K per contract. Upcoming extreme forecasts for crude: June 19 and 23. The next pivot forecast for crude falls on Monday, May 19.
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