👀 WEEKLY SUMMARY 2.6–6.6 / FORECAST
📉 S&P500 – 9th week of the base cycle (average 20 weeks). The market sluggishly broke the resistance at the May 19 extreme forecast made at the beginning of the year. Technically, this weak bull once again failed to reach the triple top of the S&P near 6100, formed around my extreme forecasts of Dec 9 and Jan 29 (see weekly chart).
👉 On Monday, Jupiter exits chaotic Gemini. I covered this period and its consequences in detail earlier this week. The astrological turbulence of 2025, according to the crisis map, is expected between June 16–23. Another critical period lies ahead in February 2026.
👉 I expect a development similar to 2001–2002, although of course not linearly or 100%. In any case, I believe the reversal is already underway, and it will complete by the end of the 7-year cycle in 2028. Also, note how the chaos in the U.S. intensifies near these turning points. Read more on 7-year crises here — the pattern is clear and backed by examples. I'll also write separately about the 1994 and 2001 crises soon. And don’t miss the post Market Crashes and Presidents — markets inflate under Democrats and crash under Republicans.
⚠️ Next pivot forecast: Monday, June 9. Next extreme forecast for U.S. equities: June 16.
🏆 GOLD – By cycle analysis, it could be either week 24 of the current base cycle or week 4 of a new one (15–20+ weeks). Unclear for now, but both options look bearish technically and cyclically.
🔺 If this is the current mature cycle, it should end with a correction to its base at the upcoming pivot or extreme: June 9 or 16.
🔺 If it’s a new base cycle, it's off to a bearish start and could end below its starting point.
👉 The May 19 extreme forecast, made at the beginning of the year, did turn gold upward, but hasn’t produced much follow-through. Gold failed to reach the nearby resistance at 3480, which was the double top level formed on May 7 near my April 22 extreme forecast (see chart).
⚠️ Next pivot forecast for gold: Monday, June 9. Next extreme forecast for gold: June 16.
🛢 CRUDE – Tentatively, this appears to be week 5 of a new base cycle (28 weeks). The crude market broke out of consolidation and closed above the daily MA50. Crude broke through resistance at my March 19 extreme forecast made at the start of the year, and also past the April 21 pivot forecast made on April 13.
👉 The previous base cycle lasted 22 weeks, ending in a double bottom around the May 5 extreme forecast, also made at the year’s start.
👉 Strong hands, who bet on the bullish impulse from a new cycle, are holding long from the May 5 forecast. These are traders comfortable with looser stops — they kept stops below the daily MA20 close. No definitive stop-out occurred there. For those who closed their longs from the May 5 extreme via trailing stop, the working amplitude on CL futures ranged from $3K to $5K per contract, depending on entry method.
⚠️ Next strong pivot forecast for crude: Monday, June 9. Next extreme forecasts for crude: June 19 and 23.
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