Trading trigger - sell signal.
Analysis - sell the rips, long topping process.
P.S. - for a trade both analysis and trigger should point in the same direction.
TECHNICAL PICTURE and ELLIOTT WAVES
Short term - in the middle of something... difficult to say, another zig-zag decline. On the chart is shown triangle for 10w high. Other guesses - diagonal https://invst.ly/w6ipp | double zig-zag https://invst.ly/w6iui
Intermediate term - from the March low we have one big zig-zag consisting of two zig-zags, which itself consist of zig-zags. You can call it W-X-Y, but there is no impulses. Here it is how studyofcycles sees impulses... it does not matter how you count W-X-Y, at the end it is the same.
Long term - topping process running for months and maturing. Some kind of b-wave and c-wave will follow.
MARKET BREADTH INDICATORS
Market Breadth Indicators - turned lower again, the indices should be in the middle of a decline.
McClellan Oscillator - around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - touched oversold level.
Fear Indicator VIX - nothing interesting....
Advance-Decline Issues - in the middle of the range.
HURST CYCLES
Short term cycles - it seems we have short 5w cycle high. Possible 20d low at day 9 on Friday unless we see sharp decline on Monday. Next we should see a few days higher for 20d high.
Week 10 for the 20w cycle.
Long term - last week I have explained that I see 4 year cycle high.
Intermediate term two options and I think the bullish one is more likely:
- bullish 40w/18m cycle low in November with one extra 20w cycle - time adjusting for the missing one from 2020.
- bearish the 18m low was in July which means decline into 20w low only. It is bearish because the second 18m cycle is breaking already below the low of the previous one, which means the 4y cycle turned lower.
Krasi, you mentioned "unless there is a sharp drop on Monday". What is this scenario?
ReplyDeleteIt is not some scenario, just if we have the 20d low on Friday at day 9 or not.
Delete"I think this are the longer term cycles and the indices turned lower into 20w low and this low is likely to be 18m low too." -- what does this mean? change of stance from Krasi? please clarify.
ReplyDeleteIntermediate term connection is running. At least of the same degree like the biggest one since the low in Sep-Oct 2020.
DeleteKrasi, do you think UVXY will have the same upside potential as it had last year after its 1 for 10 reverse split?
ReplyDeleteSome day.... it occurs when we have capitulation their is a lot o time until then.
DeleteThe price action looks like triangle b-wave - https://ibb.co/NKCn3Qr
ReplyDeleteOne more wave lower c=a will complete double zig-zag consisting of two zig-zags with the same size.
Futures negate the small triangle maybe the bigger one - https://invst.ly/w8in8
ReplyDeleteThey go up off the triangle
ReplyDeleteKrasi, what next? Thanks
ReplyDeleteRead my last post.
DeleteI see, thanks
ReplyDeleteCan you put the S&P graph?
ReplyDeleteZdr Krasi kazvam se Mariyan i vchera popadnah na tvoia blog dokato tardih info na Trading view za Tom Demark Counting indicator. Mnogo mi dopadna bloga opredeleno im kakvo da naucha imaiki predvid che zapochnah da se zanimavam s trading predi godina. Mnogo mi e interesno nai veche da drawvam moi trend lines. kato presicham down and up trendlines i tarsia silni inflection points za silen confirmation. Vse oste otsiavam indicatori, no mi e trudno zastoto seki edin e validen v opedelen moment i se reduvat kakto sectorite na ikonomikata. opredeleno zimam v predvid macd i rsi kato golemi counfluence leaders v decision making na baza na tova che mnogo hora gi izpolzvat . Gledam che nemoga da attachvam snimki tuk naprimer moia prediction iskah da spodelia za SPY coming week
ReplyDeleteZdarsi Krasi. Kazvam se MAriyan i vchera popadnah na bloga tarseiki ukazania kak da razchitam demark countig indicator na trading view . Mnogo mi dopadna strahotna rabota . az se zanimavam s trading ot godina i malko , no sam full time sega mostlly day trading . Tehnicheskia analiz mi e super interesen osobeno moi lichni down and up trend lines i da namiram infliction points . KAk moga da spodeliam TOS pictures izobsto kak moga da spodeliam snimki tuk . gledam che samo links raboti , no az poveche chertaia na TOS i po malko na Trading VIEW
ReplyDeleteZdrasti, blogspot niama opcia da se kachvat snimki direktno v komentar. Edinstveno moje kato se ka4i URL da se pokje snimkata v komentara ot tova URL.
DeleteAz pravia screenshot i go ka4vam na stranica kato tazi https://ibb.co/ i postvam linka.
OK What you guys thing looks like 5-3-5 Correction to me . Just finishing the second wave 3 on SPY
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