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....