Weekly preview

Another wasted week, overall six weeks crappy price action. It feels like the market is waiting for a trigger. Sideways price action - bullish case final spike higher, bearish case rounding top.
Nothing new to add... almost one year in this range - waiting for the pattern to be completed then the second leg lower and 4y cycle low probably in October.


TRADING
Trading trigger - no signal, flat EKG:)
Analysis - long term sell the rips, we have major top. Intermediate term high - impotant high in a few weeks expected.

P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - I see zig-zag and triangle - lets see if it will play out... it is difficult to navigate such mess.

Intermediate term - It is a complex pattern I think it started in June.2022 some w-x-y, alternate w-x-y from the October low.

Long term - most likely huge double zig-zag from the 2009 low B-wave was completed and multi year decline has started. If we are lucky it is lower degree b-wave.

MARKET BREADTH INDICATORS
Market Breadth Indicators - the same... pointing lower, in the middle of the range.
McClellan Oscillator - below the zero line.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - pointing lower, in the middle of the range.
Percent of Stocks above MA50 - pointing lower, in the middle of the range.
Fear Indicator VIX - up and down, complacency lower than the ATH.
Advance-Decline Issues - pointing lower, in the middle of the range.


HURST CYCLES
Short term cycles - close to 20d high... final push lower for 10w low or we saw it already?

Week 9 for the 20w cycle. Close to important high and next should be the last 40w cycle of the 4y cycle.

Weekly preview

Volatile week now we have possible 10w low which looks better, six weeks was too short.
Short term is a mess the correction looks complete again, but I will not be surprised to see one more move lower.
Intermediate term it is more clear - sideways move so expect push higher for important high... one more 5w cycle high will complete 20w cycle high from early February.


TRADING
Trading trigger - buy signal, crosses in both directions.
Analysis - long term sell the rips, we have major top. Intermediate term high - impotant high in a few weeks expected.

P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - sideways price action, it looks like complex b-wave - this is what I see currently... such corrections are impossible to forecast, the important information is correction not reversal.
I have never seen expanding triangle playing out so sudden sell off will not surprise me.

Intermediate term - the indices are a few weeks away from the top of the correction. It is a complex pattern and I am not sure where the B-wave starts - in June or October. It could be w-x-y from October or triangle starting in June.

Long term - most likely huge double zig-zag from the 2009 low B-wave was completed and multi year decline has started. If we are lucky it is lower degree b-wave.

MARKET BREADTH INDICATORS
Market Breadth Indicators - moving lower...
McClellan Oscillator - turned higher.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - pointing lower, in the middle of the range.
Percent of Stocks above MA50 - up and down, in the middle of the range.
Fear Indicator VIX - up and down.
Advance-Decline Issues - moving lower.


HURST CYCLES
Short term cycles - close to 20d low which should be 10w low - do we have short cycle only 6 days? One more 5w cycle and we will have 20w cycle high from the last important high early February.

Week 8 for the 20w cycle. Close to important high and next should be the last 40w cycle of the 4y cycle.