Weekly preview

Reached the time target for 10w high. More and more it looks like part of Z-wave and 4y cycle high.

The last chart is DJ showing late September was 20w low. In this case the indices are heading into 20w high and this high will complete the sixth 40 week cycle from the Jan.2018 top or 4 year cycle high. jpnor asked about the first half of December - well this is the case for major top.
If you are bullish pray for the markets to decline below the September low.


TRADING
Trading trigger - buy signal. Reached the average length for 10w high.
Analysis - sell the highs, the market is near a major top.

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

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - for B-wave we need to see sharp reversal... I doubt it. More likely we are in c/Z.

Intermediate term - It looks more and more like W-x-Y-x-Z structure three zig-zags from the March.2020 low with roughly the same length in time.
Testing the broken trend line with RSI divergences daily and weekly.

Long term - topping process running for months and maturing. Some kind of b-wave and c-wave will follow.
Some perspective for those with the 5500 fantasy... it is just getting started for sure.... all sheeple with the same target - one says baaa and all the others repeat.

MARKET BREADTH INDICATORS
Market Breadth Indicators - signs of weakening, at least short term top.
McClellan Oscillator - loer high and ready move below zero.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - topping below 70?
Percent of Stocks above MA50 - looks lie topping below 75.
Fear Indicator VIX - higher low so far... double bottom.
Advance-Decline Issues - lower high and heading lower.


HURST CYCLES
Short term cycles - NDX more clear picture 4x20d cycles 8 weeks for 10w high. In the next days we should see turn into 10w low.

Long term I am expecting 4 year cycle high. At the moment it is very difficult to pinpoint the 18m cycle low...
Week 4 for the 20w cycle? Was late September 20w low?? or even 18m low??? like this (DJ):

Weekly preview

Higher to complete at least 10w high. This is the bullish case 10w high and b-wave. If not it is 20w high and possible top from the March.2020 low. The size of the next decline will be important.


TRADING
Trading trigger - buy signal. We have the minimum for 10w high 35 days.
Analysis - sell the rips, long topping process.

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

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - a B-wave from a flat or worse another zig-zag of a bigger corrective structure to complete the move from the March low.

Intermediate term - from the March low we have one big zig-zag consisting of two zig-zags, which itself consist of zig-zags. You can call it W-X-Y, but there is no impulses.
Testing the broken trend line.

Long term - topping process running for months and maturing. Some kind of b-wave and c-wave will follow.

MARKET BREADTH INDICATORS
Market Breadth Indicators - the same like last week.
McClellan Oscillator - above zero, looks like double top.
McClellan Summation Index - buy signal.
Weekly Stochastic of the Summation Index - buy signal.
Bullish Percentage - moving higher.
Percent of Stocks above MA50 - moving higher.
Fear Indicator VIX - higher low so far... double bottom.
Advance-Decline Issues - lower high so far, looks like topping.


HURST CYCLES
Short term cycles - a few more days were needed to complete 20d cycle high and we have them this week. This should be at least 10w high.

I have shown this chart a few weeks ago - looking at some indices like NYSE,XLF you can make the case that this is 20w high. The outcome should be the same - decline into 20w low. The difference is what happens after that.

And the same with NYSE