Weekly preview

Corrective sideways move for two weeks so nothing new to add - expecting 5w low followed by 10w high short after that. Alternate we have impulse from the last important low and next week the fifth wave will be completed with 10w high.


TRADING
Trading trigger - buy signal.
Analysis - long term important high 18m/4y high. Intermediate term 40w low and now higher into 40w high.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - some X-wave after the a-b-c higher alternate wave 5 running.

Intermediate term - it looks like complex pattern for the Y-wave... still the same testing the broken trend line.

Long term - double zig-zag(from 2020) for y/B at 9y cycle high 2000-2007-2015-2024.

MARKET BREADTH INDICATORS
Market Breadth Indicators - pointing higher and multiple divergences.
McClellan Oscillator - retracing lower.
McClellan Summation Index - buy signal with divergence.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - pointing higher and multiple divergences.
Percent of Stocks above MA50 - pointing higher and multiple divergences.
Advance-Decline Issues - turned lower.
Fear Indicator VIX - retracing lower and positive divergence.


HURST CYCLES
Short term cycles - I would say next is 5w low then 10w high. Alternate we have the 5w low and now the 10w high.

Shorter 4y cycle high?