Trading trigger - buy signal.
Analysis - long term topping process for important high 4y cycle high. Intermediate term 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 - it can be a-b-c with the c-wave as a wedge. Maybe a few days to complete the wedge... according to cycles.
Intermediate term - it looks like complex pattern for the Y-wave.
Long term - double zig-zag(from 2020) for y/B at 9y cycle high 2000-2007-2015-2024.
MARKET BREADTH INDICATORS
Market Breadth Indicators - mixed signals.
McClellan Oscillator - around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - short term divergence.
Percent of Stocks above MA50 - short term divergence.
Advance-Decline Issues - in the midlle of the range.
Fear Indicator VIX - turned lower... in a range.
HURST CYCLES
Short term cycles - it looks like three shorter 20d cycles for the 5w cycle high to complete 20w/40w cycle high.
Higher into 40w high the fifth one for the current 4y cycle high. Week 14 for the 20w cycle and 29 for the 40w cycle - close to completion.
Isn't 40w cycle 32-36 weeks long? Wondering if week 29 is too early for the high
ReplyDeleteAdd this week for 30, no it is not too early.
DeleteDAX the same pattern double zig-zag, but much more simple and well visible waves compared to SPX - https://invst.ly/16w1-c
ReplyDeleteThanks Krasi.
ReplyDeleteThanks Krasi for Great Work as Always , Thanks for sharing your work, you dont Owe any thing to us, this is just a Favor you do. Regards, Hamid
ReplyDeleteWhat is your opinion on BTC? Somehow rising yields is not having an impact on the price.
ReplyDeleteAt 40w high and decline into 40w low will follow.
DeleteThe first few minutes are about BTC you can see the cycles a low of higher degree is coming https://www.youtube.com/watch?v=dhyr8dSFZdk
DeleteDon't you think ndx is short today?
ReplyDeleteGood call lady s
ReplyDeleteHi Krasi, can you please post an update when you get a chance? If this is close to 40w high, also curious to see where 4y high potentially lands.
ReplyDelete