🛢 CRUDE – 10th week of the base cycle (28 weeks), likely completing the 1st phase. The extreme forecast on February 3 worked as a reversal from the combined resistance of the MA20 and the large triangle boundary, which I mentioned in my last post. Holding the short position from the February 3 extreme forecast. The first phase of the base cycle isn’t over yet, but...
🏆 GOLD – 13th week of the base cycle (15-20+ weeks), 3rd phase of the cycle. The pivot forecast on February 3 worked as a reversal of Monday’s overnight tariff hysteria. The major trend from the December 18 extreme forecast continues.
⚠️ By Friday’s close, we saw a breakout of the previous top at the October 28 extreme forecast level (2800 on the current futures...
📉 S&P500 – 4th week of the base cycle (average of 20 weeks). The pivot forecast on February 3 pushed the market upward after the overnight tariff gap. If you remember, I was in a short position at Friday’s close on January 31. I got tempted by the overnight tariff hysteria and closed my position in the morning. The European morning provided a great intraday...
