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.