We now have a potentially completed pattern on the hourly chart, with the schedule aligning to week 8 for the 10-week high, suggesting it's time for a pullback toward the 10-week low.
In the short term, the RSI appears to form a triangle in the middle, suggesting a possible zig-zag pattern with a running triangle as the Elliott B-wave. In the intermediate term, a zig-zag pattern is testing the 200-day moving average and the RSI trendline. The next move is a pullback, followed by a rise into July.
In the short term, Hurst cycles are nearing the 10-week high, with the next move likely to be a decline toward the 10-week low.
The 40-week low in early April 2025 was right on schedule, with the next move expected to be a rise toward the 40-week high.
I expect stocks to trade in a wide and volatile range throughout 2025 [...] perhaps making marginal all-time highs. «
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