Weekly preview

The correction continues it is more complex than simple zig-zag. The next expected high is early next week.... unless it mutates again to something even more complex.


TRADING
Trading trigger - neutral signal, oscillating around the MA.
Analysis - intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - possible corrective pattern a-b-c with b-wave triangle. Alternate w-wave zig-zag and now in x-wave.

Intermediate term - intermediate term top and the first wave lower.... a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - in a sell mode, taking a breath at the moment.
McClellan Oscillator - oscillating around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - moving higher, close to overbought.
Fear Indicator VIX - retracing lower.


HURST CYCLES
Short term cycles - 20d low and now close to 20d high. Probably slightly extended 5w cycle high, alternate complex corrective pattern until the second half of May for 10w high.

Week 27 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June.
Speculation if the current 18m cycle looks like the previous one with five cycles - at least the first two cycles seem to have the same length.

Weekly preview

After a-b-c lower and 5w low we have zig-zag higher for 5w high as expected... in theory another leg lower into 10w low should start.


TRADING
Trading trigger - buy signal.
Analysis - intermediate term high and a few months lower will follow.
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 lower and now higher - in theory another leg lower should follow. Alternate the correction is more complex than simple a-b-c.

Intermediate term - intermediate term top and the first wave lower.... a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - a pause on the way lower.
McClellan Oscillator - around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - in the middle of the range.
Fear Indicator VIX - retracing lower.


HURST CYCLES
Short term cycles - at 20d high next is lower into 20d low. This correction higher should be 5w high.

Week 26 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June. Projection if the 10w cycle continue with the same length.

Gold long term - at 4y cycle high. First 16y high and major low should be completed before it goes balistic.
The gold "experts" are everywhere explaining you to buy..... at the top of course.

Weekly preview

It is taking longer to find a bottom - obviously the indices switched to bearish mode. Three weeks lower so it should not last long to see 5w high and another lower low... still not clear if this is a-b-c or 1-2-3, but if we see brief pop higher for 5w high and lower low the decline will look like impulse.
DJ and NDX almost flat for the year, 12 weeks retraced in 3 weeks and SPX holding the line +4%.


TRADING
Trading trigger - sell signal, in the middle of the cycle.
Analysis - intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - zig-zag or impulse... we have to wait.

Intermediate term - intermediate term top and the first wave lower.... a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - in a sell mode.
McClellan Oscillator - oversold level and turned higher.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - moving lower.
Percent of Stocks above MA50 - moving lower.
Advance-Decline Issues - moving lower.
Fear Indicator VIX - moving higher.


HURST CYCLES
Short term cycles - the indices should be at 5w low and I expect something higher next week.

Week 25 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June.
Speculation if the current 18m cycle looks like the previous one with five cycles - at least the first two cycles seem to have the same length.

USD long term 8 year cycle highs and lows. Between the lows(red) and the highs(blue) there is powerful rally. Between the highs and the lows there is long sideways phase consisting of three legs. This should continiue until the next major high 4x8y cycles.
In the middle of the 8y cycle low there is 4y cycle low (the circles) and I think we saw such a low - just on time when the indices should decline and Gold is at 4y cycle high. I think the USD started the move up of the sideways corrective phase.

Weekly preview

A few pops higher - the dip buyers waiting for 10% higher, no 6000 sounds better... all sold of course. Expect 5w low next week then higher for 5w cycle high to trap even more dip buyers.


TRADING
Trading trigger - sell signal.
Analysis - this is intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - w-x-y running, should be completed in a few days.

Intermediate term - intermediate term top and a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - in sell mode.
McClellan Oscillator - below zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - moving lower.
Percent of Stocks above MA50 - moving lower.
Advance-Decline Issues - moving lower.
Fear Indicator VIX - moving higher.


HURST CYCLES
Short term cycles - close to 20d/5w low... a few more days.

Week 24 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June.

Weekly preview

Just like that slowly and almost invisible the indices are topping.... it looks like rounding top - the price is not much lower, but it is below MA10 for four days already which is a signal for a decline into 10w cycle low.
NDX/DJI weaker made the highest high on 21 of March, SPX/NYSE on 28 of March. We have intermediate term top and a few months lower will follow.


TRADING
Trading trigger - sell signal.
Analysis - this is intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - it looks like expanding diagonal and subsequent deep retracement... waiting for more price action.

Intermediate term - zig-zag finished for intermediate term top and a few months lower will follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - turned lower after divergences.
McClellan Oscillator - moving lower.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - turned lower below 70.
Percent of Stocks above MA50 - turned lower below 75.
Advance-Decline Issues - turned lower in the middle of the range.
Fear Indicator VIX - turned higher.


HURST CYCLES
Short term cycles - most likely 20d low and in a few days 20d high then lower around mid-April for 5w cycle low.

Week 23 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June.
Week 35+1 high-to-high, at the top of at least 40w cycle... most likely 18m cycle high.
Average length for the 40w cycle is 32-36 weeks the last 40w low was 33 weeks long and now the high is 35 weeks long maybe the market is back to normal rhythm. In this case next important low is in June.

Weekly preview

Slow price action.... holidays, close to the top the pattern and the cycles look more clear. Still waiting for the small final wave, it takes longer because we have another zig-zag - the supposed implulse c-wave consists of sub-waves which are zig-zags.

Overall nothing new just the sentiment is getting more extreme, agressive and absurd.... so much bullshit it's unbelievable and all this for the fourth time in row every two years since 2017... literaly the same. It happens at every important top... for those who think they are very smart and special and this time is something different - well not really the same dumb and greedy "traders". And here commes history and statistics:
- final wave blow off 5 months in 2017 followed by 20% correction in 2018.
- final wave blow off 5 months in 2019 followed by 35% crash in 2020.
- rounding top in 2021 followed by 27% correction in 2022.
- final wave blow off 5 months..... wait this time is different.

P.S. until 2019 I was polite answering to every comment and explaining... until it escalated to realy crazy levels. After that I do not care. At every top is full with greedy dumb xxxx and their comments are just deleted. If you do not have analysis to share or ask something it will be deleted. If you do not like my analysis do not read it, this is not an "emotional trashbin".


TRADING
Trading trigger - buy signal.
Analysis - at important top every two years early 2018-2020-2022-2024 etc.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - the same very choppy c-wave impulse or ugly y-wave completing y=w/Y. The final wave is another zig-zag we saw the b-wave this week and next week expect the top.

Intermediate term - counting this as an impulse for a-b-c... it does not matter it is a top - pattern,cycles and indicators are clear.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - no change weak with divergencies.
McClellan Oscillator - above zero with divergences.
McClellan Summation Index - buy signal with divergence.
Weekly Stochastic of the Summation Index - buy signal with divergence.
Bullish Percentage - above 70 with divergence.
Percent of Stocks above MA50 - above 75 with divergence.
Advance-Decline Issues - multiple divergences.
Fear Indicator VIX - higher low, divergence.


HURST CYCLES
Short term cycles - around the end of next week we should see completed 20d/5w/10/20w/40w cycle high.

Week 22 for the 40w cycle. Probably 20w low at week 20 in March, I expect 40w cycle vusialy consisting of three extended 10w cycles.
Week 35 high-to-high, at the top of at least 40w cycle... most likely 18m cycle high.
Average length for the 40w cycle is 32-36 weeks the last 40w low was 33 weeks long and now the high is 34 weeks long maybe the market is back to normal rhythm after shorter cycles from mid-2022 to mid-2023. In this case next important low is in June and next important high in November.

Weekly preview

Final hooray higher now we have possible three legs higher for ugly impulse c-wave of a-b-c. The big picture does not change this is important top.


TRADING
Trading trigger - buy signal, very extended cycles 60+ days(high-tohigh) most likely two daily(10w) cycles.
Analysis - at important top every two years early 2018-2020-2022-2024 etc.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - the choise is very choppy c-wave impulse or ugly y-wave completing y=w/Y. One more wave v/5/c will look better for completed pattern.

Intermediate term - counting this as an impulse for a-b-c... it does not matter it is a top - pattern,cycles and indicators are clear.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - no change weak with divergencies.
McClellan Oscillator - above zero with divergences.
McClellan Summation Index - buy signal with divergence.
Weekly Stochastic of the Summation Index - buy signal with divergence.
Bullish Percentage - above 70 with divergence.
Percent of Stocks above MA50 - above 75 with divergence.
Advance-Decline Issues - multiple divergences.
Fear Indicator VIX - with divergence.


HURST CYCLES
Short term cycles - the alternate scenario playing out third 20d cycle - a day or two left.
The highs look like three extended 10w cycles for 40w cycle high, with two extended 5w cycles consisting of three 20d cycles.
The lows - no clear 20w low probably the two red weeks in March at week 20.

Week 21 for the 40w cycle. I expect 40w cycle vusialy consisting of three extended 10w cycles.
Week 34 high-to-high, at the top of at least 40w cycle... most likely 18m cycle high.
Average length for the 40w cycle is 32-36 weeks the last 40w low was 33 weeks long and now the high is 34 weeks long maybe the market is back to normal rhythm after shorter cycles from mid-2022 to mid-2023. In this case next important low is in June and next important high in November.
This should be 18m high in this case decline into 18m low should start and this low should be in Q1.2025 right on time for 2.5y(7y)/4y(9y) cycle low - see the two charts below.

Closer look at the 7y and Hurst 9y cycles. Interesting is how they live together and intertwine. The first one makes a nice hit in 2009 the second explains the 2020 crash. The most interesing part is how the next 2.5y /4y and 7y/9y cycle lows converge together.
The explanation is very simple at a low of higher degree waves with different lengths bottom at the same time - example all 5w,10w,20w cycles will bottom at the same time at 40w low.
The 7y/9y cycles bottoming at the same time means cycle low of higher degree is expected in 2029 - most likely the 54y cycle from the seventies.... or even longer.

The seven year cycle(red) has a great hit in 2002/2009, does not explain the 2020 crash which is important pattern dividing the rally from 2009 in two, but fits perfect with the strength from the last important low.
The most interesting part is the sequence of long/short cycles.... which will explain the last short cycle and the strength - this is my mistake not paying attention to cycles longer than 4y and how they work together.

The nine year cycle(red) has a hit in 2002, miss in 2009(my explanation seqular reversal gold/usd in 2011 and maybe pattern low in 2011), explains the 2020 crash. This cycle suggests that the next decline should be something more than 5% pullback.

Weekly preview

Nothing new the market looks tired, since the start of March every pop is met with quick sell off - it looks like distribution. The pattern is very choppy and short term looks like completed wave c/y/Y alternate triangle top around FOMC.
Week 33 high to high in the 32-36 range for 40w high, very weak market breadth, divergences - classical top.
The 40w cycles are back to their average length so in this case next is decline into 40w cycle low first half of June and higher for 40w cycle high around the elections in November.


TRADING
Trading trigger - sell signal, extended cycles 50+ days.
Analysis - at the top. Important turn lower - waiting for confirmation next week.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - very complex and choppy pattern completed c/y/Y or triangle.

Intermediate term - two double zig-zags for w-x-y at two Fibo targets. Close below the trend line and MA10, RSI breaking lower - very high probability that we have turn lower.

Long term - 4y cycle high the end of 2021, now a-b-c lower. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - very weak, divergencies, turned lower.
McClellan Oscillator - below zero.
McClellan Summation Index - buy signal, divergence.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - above 70, divergence.
Percent of Stocks above MA50 - divergence and turned lower.
Advance-Decline Issues - multiple divergences and turned lower.
Fear Indicator VIX - multiple higher lows.


HURST CYCLES
Short term cycles - very likely 20d high to complete 5w/10w high, alternate third 20d cycle high around FOMC.
The highs look like three extended 10w cycles for 40w cycle high. The lows - no clear 20w low, vusualy probably three extended 10w cycles like the highs. Trying to stick to the theory 20w low in February at week 16 or another extended cycle.

Week 20 for the 40w cycle. Probably 40w cycle consisting of three extended 10w cycles, but if I have to pinpoint 20w low it should be at week 16.
Week 33 high-to-high, at the top of at least 40w cycle... and very likely 18m cycle high too.
Average length for the 40w cycle is 32-36 weeks the last 40w low was 33 weeks long and now the high is 33 weeks long maybe the market is back to normal rhythm after shorter cycles from mid-2022 to mid-2023. In this case next important low is in June and next important high in November.