Weekly preview

Higher as expected. As it looks the pattern currently there is too many possible combinationd for the complex y/Y wave. So for now I will stick to the c-wave and 10w low, but waiting for more clarity.
The big picture has not changed, distribution is running since March, topping for almost 6 months and as usuall the sheeple is chearing every pop up while the big boys are sneaking through the exit.


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

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - zig-zag higher as expected. Waiting to see if it is b-wave or part of something bigger.

Intermediate term - it looks like complex pattern for the Y-wave... still waiting for the pattern to reveal itself.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - oscillators turned higher, long term indicators point lower.
McClellan Oscillator - above zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - turned higher.
Percent of Stocks above MA50 - turned higher.
Advance-Decline Issues - turned higher.
Fear Indicator VIX - another higher low.


HURST CYCLES
Short term cycles - 20d low as expected now at 20d high. Possible 5w low and now higher into 5w or 10w cycle high.

Higher into 40w high and possible shorter 4y cycle high....

Weekly preview

Ugly weekly candle, it should not occur short before a high so with high probabilty we have 10w high and now decline into 10w low.
This is the third 10w high of the current 40w cycle high. Sticking to the theory we should see one more 10w cycle for important top.
On the other side for the current 4y cycles we saw several shorter 40w cycles 22-25 weeks the current one 23+1 weeks long so alternate this is important top.


TRADING
Trading trigger - sell 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 - a-b-c or impulse with truncated fifth wave. Now w/X-wave or a-wave close to completition.

Intermediate term - it looks like complex pattern for the Y-wave... maybe we will see one more move up to complete the cycle. Alternate we saw the top.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - turning lower and long term divergences.
McClellan Oscillator - below zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - turned lower and long term divergences.
Percent of Stocks above MA50 - turned lower and long term divergences.
Advance-Decline Issues - moving lower, in the middle of the range.
Fear Indicator VIX - turned higher.


HURST CYCLES
Short term cycles - most likely we have 10w high and now lower into 10w low. Next week we should see 20d low.

Higher into 40w high and possible shorter 4y cycle high....