Weekly preview

The decline continued this week. I think we should see intermediate term low soon and higher for 40w high into May/June which should be major top.
All this aligns perfect with the USD - it looks like c-wave lower to around 96-97 is running to complete the correction from the 2022 top.


TRADING
Trading trigger - sell signal.
Analysis - distribution running for several months, close to 4y cycle high. Intermediate term low soon and higher into May/June.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - another double zig-zag.... now it is time for a move in the opposite direction.

Intermediate term - some kind of a-b-c lower to MA200 should be completing. Next we should see another corrective pattern higher into May/June.

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

MARKET BREADTH INDICATORS
Market Breadth Indicators - no important signals....
McClellan Oscillator - below 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 - moving lower.
Fear Indicator VIX - spike higher, probably retracement next week.


HURST CYCLES
Short term cycles - possible path for the cycles. Higher next week for 5w high.

Possible scenario for the long term cycles.... the indices should be close to 40w low.