Weekly preview

The correction continues it is more complex than simple zig-zag. The next expected high is early next week.... unless it mutates again to something even more complex.


TRADING
Trading trigger - neutral signal, oscillating around the MA.
Analysis - intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - possible corrective pattern a-b-c with b-wave triangle. Alternate w-wave zig-zag and now in x-wave.

Intermediate term - intermediate term top and the first wave lower.... a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - in a sell mode, taking a breath at the moment.
McClellan Oscillator - oscillating around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - moving higher, close to overbought.
Fear Indicator VIX - retracing lower.


HURST CYCLES
Short term cycles - 20d low and now close to 20d high. Probably slightly extended 5w cycle high, alternate complex corrective pattern until the second half of May for 10w high.

Week 27 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June.
Speculation if the current 18m cycle looks like the previous one with five cycles - at least the first two cycles seem to have the same length.

Weekly preview

After a-b-c lower and 5w low we have zig-zag higher for 5w high as expected... in theory another leg lower into 10w low should start.


TRADING
Trading trigger - buy signal.
Analysis - intermediate term high and a few months lower will follow.
P.S. - for a trade both analysis and trigger should point in the same direction.

TECHNICAL PICTURE and ELLIOTT WAVES
Short term - a-b-c lower and now higher - in theory another leg lower should follow. Alternate the correction is more complex than simple a-b-c.

Intermediate term - intermediate term top and the first wave lower.... a few months lower should follow.

Long term - 4y cycle high the end of 2021, now a-b-c lower into 4y cycle low. Alternate this is the top of wave-B from 2009.

MARKET BREADTH INDICATORS
Market Breadth Indicators - a pause on the way lower.
McClellan Oscillator - around zero.
McClellan Summation Index - sell signal.
Weekly Stochastic of the Summation Index - sell signal.
Bullish Percentage - in the middle of the range.
Percent of Stocks above MA50 - in the middle of the range.
Advance-Decline Issues - in the middle of the range.
Fear Indicator VIX - retracing lower.


HURST CYCLES
Short term cycles - at 20d high next is lower into 20d low. This correction higher should be 5w high.

Week 26 for the 40w cycle. Probably 20w low at week 20 in March and expected 40w cycle low in June. Projection if the 10w cycle continue with the same length.

Gold long term - at 4y cycle high. First 16y high and major low should be completed before it goes balistic.
The gold "experts" are everywhere explaining you to buy..... at the top of course.