Weekly preview

As expected a few more days higher to complete the 20d cycle high which should be at least 20w cycle high.
Short term it looks like we have double zig-zag - two legs with the same length in time.
Intermediate term - higher into July as expected and now pattern+cycles+market breadth pointing to completed move and time to decline into 20w cycle low for the rest of July.


TECHNICAL PICTURE and ELLIOTT WAVES
Short term - it looks like the usual double zig-zag. I see two legs with the same length and 50% Fibo correlation.

Intermediate term - next should be b-wave. In red the alternate bearish scenarios wave 5 or flat c/Y.

Long term - wedge(from 2020) for c/B at 9y cycle high 2000-2007-2015-2025.

MARKET BREADTH INDICATORS
Market Breadth Indicators - divergences and time for turn lower.
McClellan Oscillator - divergence.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - turned higher and divergence.
Bullish Percentage - divergence.
Percent of Stocks above MA50 - divergence.
Advance-Decline Issues - divergence.
Fear Indicator VIX - short and long term divergence.


HURST CYCLES
Short term cycles - this should be 20d and 20w cycle high.

Long term cycles - this should be 20w high and possible 40w cycle high.