Weekly preview

Decline as expected... and another zig-zag. For the last three months there is so many of them in both directions - it is a mess dificult to decipher with a lot of room for interpretations.
The pattern is a mess, market breadth indicators in the middle of their ranges - no signs of something important, cycles - best we should see 18m low soon followed by 18m/4y high in May/June. For now ist just waiting....


TRADING
Trading trigger - sell signal.
Analysis - distribution running for several months, close to 4y cycle high. Intermediate term not clear.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - maybe expanding structure... I do not know too many zig-zags in both directions.

Intermediate term - I have never seen expanding diagonals/triangles... but for now this is the only pattern which makes some sense.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - turned lower, but still in the middle of their ranges.
McClellan Oscillator - around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - turned lower, in the middle of the range.
Percent of Stocks above MA50 - turned lower, in the middle of the range.
Advance-Decline Issues - turned lower, in the middle of the range.
Fear Indicator VIX - turned higher.


HURST CYCLES
Short term cycles - turned higher for 20d cycle high currently day 7. Trying to make sense of this mess - possible 10w/20w cycle lows/highs.

Possible scenario for the long term cycles....