👀 WEEKLY SUMMARY 19.5–23.5 / FORECAST
📉 S&P500 – 7th week of the base cycle (average 20 weeks). On the weekly chart, the market failed to reach the triple top formed by the extreme forecasts of December 9 and January 29. The May 19 extreme forecast, published at the start of the year, turned the U.S. stock market downward right on schedule. Long position closed. Short position opened.
👉 The long trade from the April 7 or April 22 extreme forecasts hit the stop. The working amplitude of the move in ES futures was $23K–30K per contract, depending on entry timing and exit method. Congrats to those who entered and exited well.
⚠️ The next extreme forecast for the U.S. stock market is due on June 16. Next pivot forecast: June 9. The peak of 2025’s astrological turbulence, per the crisis map, is expected between June 16–23.
🏆 GOLD – Most likely the 2nd week of a new base cycle (15–20+ weeks). The cycle appears to have bottomed out as anticipated in the last post. The May 19 extreme forecast, given at the start of the year, turned gold upward as scheduled. Nearest resistance is at the double top formed on May 7 near the April 22 extreme – 3480 on the August GC futures. Short position closed. Long position opened.
⚠️ The working amplitude of the GC down move from the May 7 double top (near the April 22 extreme) was around $12K per contract. Congrats to those who captured it well. The next gold extreme forecast is on Monday, June 16. Next pivot forecast: June 9.
🛢 CRUDE – 25th week of the base cycle (28 weeks) or 3rd week of a new base cycle. A flat, indecisive week reflecting traders’ uncertainty. Unlike U.S. equities and gold, the May 19 pivot forecast had no clear impact on crude. On May 21, however, the 64.50 resistance level was briefly touched on the current CL contract. A double bottom may be forming around the May 5 extreme forecast.
👉 Some strong hands might still be holding a long from May 5, betting on a possible new cycle. There was no clear stop-out event. CL futures didn’t close below the daily 20MA.
⚠️ The working amplitude of the upward move from the May 5 extreme on CL futures is around $5K per contract. Next extreme forecasts for crude: June 19 and 23. Next pivot forecast: June 9.
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