Weekly preview

Decline on Friday... the same most likely c-wave and alternate triangle.
The last chart is interesting... continuation of the idea for 4y cycle low on schedule late 2023 - if you start from there and start aligning pattern and cycles you will end up with perfect picture.


TRADING
Trading trigger - sell signal.
Analysis - long term close to 4y cycle high. Intermediate term turn lower into 40w cycle low.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - probably the c-wave running...

Intermediate term - main scenario a-b-c running, alternate triangle.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - no change some with divergences, some in the middle of their ranges, some with buy signal.
McClellan Oscillator - around zero with divergences.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - buy 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 - multiple divergences.


HURST CYCLES
Short term cycles - it looks like 20d/5w high. The longer cycles - it could be 20w high.

If you assume that the 4y cycle was in 10.2023 on schedule and start counting the pattern from there it looks like huge A-B-C from the 2020 low and impulse for wave C in 4/C.
Waves A/B/C align perfectly at 4y highs/lows and waves 1,2,3,4,5/C align perfectly at 40w/18m lows/highs and you have perfect 4y cycle low/high dividing in three.... just too perfect to ignore it.