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.

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....