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....