Weekly preview

The indices are moving higher into 10w high currently week 6. If the pattern is a-b-c it should be completed, but one more 20d cycle to complete the 10w high will look better... than the pattern will change to the usual double zig-zag w-x-y.


TRADING
Trading trigger - buy signal... very extended cycles in both directions count easier.
Analysis - intermediate term high and a few months lower.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - the c-wave now with 1,618 extension or it could be the usual w-x-y.

Intermediate term - zig-zag testing the top.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - positive, but it does not look like reversal.
McClellan Oscillator - close to overbought.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - close to overbought.
Fear Indicator VIX - testing the lows again.


HURST CYCLES
Short term cycles - at 20d high next we should see 20d low. Heading higher into 10w high, visually three extended 10w cycles count easier.

Week 28 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June. As I wrote many times visualy it will look like three extended 10w cycles. The indices are at 18m high, those who think all is fine we saw the low for the year will be disappointed.

Weekly preview

The correction continues it is more complex than simple zig-zag. The next expected high is early next week.... unless it mutates again to something even more complex.


TRADING
Trading trigger - neutral signal, oscillating around the MA.
Analysis - intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - possible corrective pattern a-b-c with b-wave triangle. Alternate w-wave zig-zag and now in x-wave.

Intermediate term - intermediate term top and the first wave lower.... a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - in a sell mode, taking a breath at the moment.
McClellan Oscillator - oscillating 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 - in the middle of the range.
Advance-Decline Issues - moving higher, close to overbought.
Fear Indicator VIX - retracing lower.


HURST CYCLES
Short term cycles - 20d low and now close to 20d high. Probably slightly extended 5w cycle high, alternate complex corrective pattern until the second half of May for 10w high.

Week 27 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June.
Speculation if the current 18m cycle looks like the previous one with five cycles - at least the first two cycles seem to have the same length.