Short term - It looks like a-b so far.
Intermediate term - Next should be decline to MA200 and support.
Long term - touching the trend line one more time with divergence.
MARKET BREADTH INDICATORS
Market Breadth Indicators - very weak with divergences for a long time.
McClellan Oscillator - reseting higher.
McClellan Summation Index - pointing lower with divergence.
Weekly Stochastic of the Summation Index - pointing lower with divergence.
Bullish Percentage - divergences.
Percent of Stocks above MA50 - divergences.
Advance-Decline Issues - divergences.
Fear Indicator VIX - divergences.
HURST CYCLES
Short term cycles - this should be 20d/5w/10w/20w high. The path is lower shown on the chart.
Long term cycles - week 32 from the last high from February, time for another important high and decline into 40w low.
How far more can gold go do you think?
ReplyDeleteCompleting blow off top I can nit give you numbers, but USD turned higher already so do not expect much.
Deletekrasi, any comment? rally up to 6700 again!
ReplyDeleteThe comment is above. Look at the previous tops - February for example.
DeleteIt is in the middle of a correction according to this analysis
ReplyDeleteNo, just starting. Look at the February top(the same degree) before trying to look smart.
DeleteWhat happens after abc on the short term chart according to this count? abc higher followed by 3 waves lower again?
ReplyDeleteLook at the previous tops - February for example.
DeleteHow do you view Eurostoxx50? Its been in consolidation multi months and potentially breaking out to the upside now.Thx
ReplyDeleteFour months later 20w high and 7 months later 40w high from the previous important tops this the end not the start of something - there is no break out. I have posted DAX charts to expect last rally for 40w high and there you have it.
DeleteNext is lower into 40w low in November - https://invst.ly/1cktu7
Bullish option is expanded flat correction red to support, if not major top.
The bearish option easily it could be 4 year cycle high - https://invst.ly/1cktvm
DeleteThank you, but looking at that old DAX chart you posted we are expecting it to make another higher high first..?
DeleteThe pattern looks different, maybe slightly higher high - https://invst.ly/1cldh8
Deletethis pattern on SPX dont look bearish at all. 6700 and rebound!!! how can it be?????
ReplyDeleteRSI divergence on all time frames - 1h,4h,1d,1w,1m and market breadth at 40w high and possible 4y high... if you think this is bullish good luck.
DeleteI believe u, I just wan to know when it can crash? how to see that? or we have to pray it for it to crash? aka divergence in all time frame, usually how long after divergence it will go down?
DeleteFirst crashes occur at the end not at the beginning - examples 2020 completed 4y low or this year 18m low.
DeleteSecond I do not say it will crash the decline will last 2-3 years and crash like declines will be the last 1/3 of the time.
There is no such thing like X days after divergence it moves lower. There is cycles which vary statistically every 32-36 weeks there is high/low currently this is week 33.
You mentioned this is week 32 from previous high. When markets are bullish, the high is usually around ww35-36. Isn't that right?
ReplyDeleteI do not have a statistic to confirm such claim.
Delete