GateUser-3b3659cc

$SPX - Closed the week right on the 40 week MA. It looks like the 16 week cycle will extend into week 17 in case of a lower low tomorrow, but in trading days this cycle is still shorter than the previous cycles. Unless it breaks the November low(6522) I expect a new ATH in April.

$META hit its 100 week MA on Friday for the 3rd time since November. After the market close it announced that it was planning to cut 20% of its workforce. The vertical lines show the last 2 times it announced mass layoffs. Guess how the stock is going to react to that next week.

$USOIL - Closed above the 50% retracement level on Friday. Next week it's headed to at least the 61.8% retracement level at 103 and possibly to the 78.6% retracement level at 110.

$TLT - In just 2 weeks it's back to the February low due to the Iran war. If it beaks the February low(86.43) we will likely see a retest of the 2025 low and maybe even the 2023 low.

$DXY - Broke out above its November high. The 3 year cycle low is confirmed. The Dollar is headed higher into 2027. The question is will the current cycle be a not so bullish cycle like the last one, or a bullish one like previous cycles? Only the Federal reserve has the answer.

$Silver - I expect it to hit the 20 week MA again next week or the following week. If it holds above the 20 week MA it will likely move higher into late April but not make a new ATH. So far it has largely followed the price pattern of the post 2011 top which means that it's

$Gold - Closed lower for a 2nd week in a row but it's still above the 10 week MA. As long as it's above the 10 week MA this is likely to be another consolidation that will lead to a new ATH in April. If it closes below the 10 week MA things may change and lead to a larger decline

The $SPX McClellan oscillator rose from -94 yesterday to -80 today despite the index being down 0.6%. That is a bullish divergence which indicates that the index may have bottomed today. We'll find out on Monday.

$SPX - Made the low for the week today at 6624 but it hasn't hit the 200 day MA at 6604 yet. The 16 week cycle low should happen on Monday which is 76 trading days from the November low. The January 20 low that occurred 38 TD from the November low is the midpoint of this cycle.

Just like this triangle resolved higher.

$XLF is the 1st sector to confirm that it made a major top in January. The reason for that is that XLF has already closed below its yearly pivot at 50.96. The 1st yearly support is at 46 but it probably won't hit that support in the next few weeks. The target for the next 4 year

Afro Islamic trash the American version.

Afro Islamic trash the European version.

Here's an indicator which points to an imminent low for stocks. The $SPX McClellan oscillator closed at -95 and is extremely oversold. It's more oversold now than it was at last April's low when it bottomed at -87.

$SPX - We are getting a lower low after all. Going back to the April low, we've had a ~80 trading day cycle. Due to many holidays in this cycle, I expect this cycle to be shorter in trading days and equal in calendar days to the previous ones, which means the low should happen

What is wild about stocks not dropping significantly due to a war that has nothing to to with their earnings?

When silver rallied 167% from late October to late January it wasn't suppressed, but now it is, got it.