Weekly preview

No change since last week, no price advance just wasting time. Short term another possible impulse morphed to double zig-zag. Intermediate term on the daily cycle chart is shown possible pattern to extend for regular 20w/40w cycle high and still complete w-x-y/Y.


TRADING
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 - again no impulse just another double zig-zag reached Fibo measurements.

Intermediate term - it looks like complex pattern for the Y-wave. Now we have more clarity - the most common pattern for years is double zig-zag and we have it completed at different degrees(black y/Y). Another variant of this pattern is shown below.
Alternate this could be simple zig-zag a-b-c with c-wave ending diagonal to complete around the elections. Low probability simple Y-wave with a top in July and now in the b-wave of a flat(grey y/Y) - this b-wave is very common pattern in the tech sector, look at MSFT/NDX/SOX for example.

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 - buy signal.
Weekly Stochastic of the Summation Index - buy signal with divergence.
Bullish Percentage - pointig higher with long term divergence.
Percent of Stocks above MA50 - pointig higher with long term divergence.
Advance-Decline Issues - turned lower with divergence.
Fear Indicator VIX - higher low and multiple divergences.


HURST CYCLES
Short term cycles - this should be 20d high. The longer cycles are not clear... too long for 10w cycle too short for 20w cycle. Maybe 20w high to complete 40w cycle high. Speculation is shown how we can have 10w low and 20w high with average length.

Higher into 40w high the fifth one for the current 4y cycle high.... We have several shorter 40w cycles 25 weeks long, the current one is now 26 weeks long - could this be the top with another shorter cycle?

Weekly preview

Now we have completed impulse from the last low, zig-zag from the August low and double zig-zag from the April low and at least 10w high.
There is two options:
- completed pattern double zig-zag and 40w cycle high at week 25, we saw several shorter cycles in the last 3 years.
- simple zig-zag with c-wave as ending diagonal and one more 10w cycle to complete regular 40w cycle high.
We can make some conclusion after we see the reaction lower.


TRADING
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 - this looks like clear impulse for the second leg of a zig-zag and completes at Fibo target.

Intermediate term - it looks like complex pattern for the Y-wave. Now we have more clarity - the most common pattern for years is double zig-zag and we have it completed at different degrees(black y/Y).
Alternate this could be simple zig-zag a-b-c with c-wave ending diagonal to complete around the elections with regular 40w cycle high.
Low probability simple Y-wave with a top in July and now in the b-wave of a flat(grey y/Y) - this b-wave is very common pattern in the tech sector, look at MSFT/NDX/SOX for example.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - pointing higher with long term divergences.
McClellan Oscillator - above zero with divergence.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - sell signal with divergence.
Bullish Percentage - pointig higher with long term divergence.
Percent of Stocks above MA50 - pointig higher with long term divergence.
Advance-Decline Issues - pointing higher with divergence.
Fear Indicator VIX - higher low and multiple divergence.


HURST CYCLES
Short term cycles - most likely 10w high.

Higher into 40w high and possible shorter 4y cycle high.... We have several shorter 40w cycles 25 weeks long, the current one is now 25 weeks long - could this be the top with another shorter cycle?

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....

Weekly preview

Ugly weekly candle, it should not occur short before a high so with high probabilty we have 10w high and now decline into 10w low.
This is the third 10w high of the current 40w cycle high. Sticking to the theory we should see one more 10w cycle for important top.
On the other side for the current 4y cycles we saw several shorter 40w cycles 22-25 weeks the current one 23+1 weeks long so alternate this is important top.


TRADING
Trading trigger - sell signal.
Analysis - long term important high 18m/4y high. Intermediate term 40w low and now higher into 40w high.
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 or impulse with truncated fifth wave. Now w/X-wave or a-wave close to completition.

Intermediate term - it looks like complex pattern for the Y-wave... maybe we will see one more move up to complete the cycle. Alternate we saw the top.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - turning lower and long term divergences.
McClellan Oscillator - below zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - turned lower and long term divergences.
Percent of Stocks above MA50 - turned lower and long term divergences.
Advance-Decline Issues - moving lower, in the middle of the range.
Fear Indicator VIX - turned higher.


HURST CYCLES
Short term cycles - most likely we have 10w high and now lower into 10w low. Next week we should see 20d low.

Higher into 40w high and possible shorter 4y cycle high....