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$SPX - No lower low was made today which probably means that the 16 week cycle low occurred on Friday. That will be confirmed if the S&P closes above the 100 day MA(6842) or alternatively if the S&P doesn't make a lower low this week, even without closing above the 100 DMA.
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$USOIL - At the intraday high it got close to the 61.8% retracement of the initial decline from the major top that it made last Monday. At this point it's safe to say that crude oil won't get anywhere near its 2022 high, let alone its 2008 high, let alone $200 that many clowns
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$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.
SPX5,69%
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$META hit its 100 week MA on Friday for the 3rd time since November. After the market close it announced that it was planning to cut 20% of its workforce. The vertical lines show the last 2 times it announced mass layoffs. Guess how the stock is going to react to that next week.
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$USOIL - 周五收于50%回撤位上方。下周至少将走向103处的61.8%回撤位,可能还会走向110处的78.6%回撤位。
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$TLT - 仅仅两周后,由于伊朗战争,它就回到了2月份低点。如果它突破2月份低点(86.43),我们可能会看到2025年低点的重新测试,甚至可能是2023年低点。
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$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.
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$Silver - I expect it to hit the 20 week MA again next week or the following week. If it holds above the 20 week MA it will likely move higher into late April but not make a new ATH. So far it has largely followed the price pattern of the post 2011 top which means that it's
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$Gold - 连续第2周收低,但仍高于10周均线。只要保持在10周均线上方,这可能是另一个盘整,将在4月份刷新历史新高。如果跌破10周均线,情况可能会改变,导致更大幅度的下跌
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The $SPX McClellan oscillator rose from -94 yesterday to -80 today despite the index being down 0.6%. That is a bullish divergence which indicates that the index may have bottomed today. We'll find out on Monday.
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$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.
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Just like this triangle resolved higher.
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$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
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Afro Islamic trash the American version.
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Afro Islamic trash the European version.
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Here's an indicator which points to an imminent low for stocks. The $SPX McClellan oscillator closed at -95 and is extremely oversold. It's more oversold now than it was at last April's low when it bottomed at -87.
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$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
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