Trading trigger - buy signal. More MA10 crosses down and up - some kind of sideways pattern is running.
Analysis - long term sell the rips, we have major top. Intermediate term low in June.
P.S. - for a trade both analysis and trigger should point in the same direction.
TECHNICAL PICTURE and ELLIOTT WAVES
Short term - the b-wave is completed if we see surprise lower it is just more complex shown on the chart.
Intermediate term - probably in c-wave of 4/x/B what ever it is.
Long term - the DAX looks like double zig-zag which should complete in November with 18m low. The US indices look differently I guess they will synchronize at this comming low.
MARKET BREADTH INDICATORS
Market Breadth Indicators - down and up... nothing interesting.
McClellan Oscillator - above zero.
McClellan Summation Index - neutral.
Weekly Stochastic of the Summation Index - neutral.
Bullish Percentage - around the oversold level.
Percent of Stocks above MA50 - around the oversold level.
Fear Indicator VIX - in the lower end of the range.
Advance-Decline Issues - in the middle of the range.
HURST CYCLES
Short term cycles - probably this was 5w low, next is turn higher into 10w high.
Week 28/34 for the 40w cycle high (from January/November). If you count from November we should see the high around the end of July . If you count from January the high should be in the second half of August.
So you are saying we go down again one more time and then up. Cannot breakout directly from here towards 4200?
ReplyDeleteThe summary is a bit confused this week. Could elaborate more ?
ReplyDeletenot clear
ReplyDeletehe's saying there could be one more down move before further upside, or, we're in the middle of the move up now.
ReplyDeleteExactly this corrective b-wave should be completed and move higher into 10w high is underway.
ReplyDeleteIf we see surprise and lower again it still the b-wave just the pattern is more complex and not the beginning of a bigger sell off.
Based on SPX strength and much stronger BTC movement, was 40week low in middle of June?
ReplyDeleteI think it is 20week low. When should the second 18m cycle make a low so that we have 4y cycle lasting roughly 4 years? Plus look at EU indices and everything fits perfect.
DeleteKasi, it looks like an ABC , so don't you see we see the low?
ReplyDeleteThe down movement, ABC
ReplyDeleteNo idea what you are asking
Deletewould this count work with the cycles if the high is in august? https://tvc-invdn-com.investing.com/data/tvc_58e22841886f7a4ce6171dc8b897112a.png
ReplyDeleteI have this suspicion too that the pattern is more complex and it could stretch until the end of August.
Delete4000, what next?
ReplyDelete4001
DeleteThree weeks decline.
DeleteSo 40w low still ahead of us?
DeleteSee Krasi's last chart above.
Deletecan't wait for the next weekly update
ReplyDelete