May 3, 2025

Weekly preview

It is taking too long more likely we saw the 40w low. This is the first zig-zag higher next is some correction in May for 10w low then the second zig-zag into July for 40w high.


TECHNICAL PICTURE and ELLIOTT WAVES
Short term - zig-zag or variation wedge to complete the pattern.


Intermediate term - zig-zag testing MA200 and the RSI trend line, next is pullback and higher into July.


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


MARKET BREADTH INDICATORS
Market Breadth Indicators - buy signals and several indicators are overbought so time for pullback.
McClellan Oscillator - very overbought.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - at 70 level.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - oerbought level.
Fear Indicator VIX - retracing lower.


HURST CYCLES
Short term cycles - it is getting too long for 20w high. I think this is 10w high... maybe next week.


Most likely 40w low right on schedule and now higher into 40w high.
at

4 comments:

  1. AnonymousMay 5, 2025, 2:13:00 PM

    Now dax retracement of 90%, it is possible flat wave, if it is like that how the cycles it would fit with a future wave C?

    ReplyDelete
    Replies
    1. KrasiMay 7, 2025, 1:50:00 PM

      No it will not fit. I see one of this - https://invst.ly/1adfkk

      Delete
  2. KrasiMay 8, 2025, 8:40:00 AM

    Maybe a wedge and 10w high - https://invst.ly/1aeebs

    ReplyDelete
  3. Lady SMay 8, 2025, 11:13:00 AM

    But yesterday, 5977, we got the low and we have a lot of time in the day and week cycle

    ReplyDelete