$NDX - The 10 week cycle low was due this week but Friday's action is indicative of a lower low next week, on week 11 instead of 10. It's likely to hit or undercut the 10 week MA before bottoming.

$NVDA - 10th up week in a row. Last summer it topped only after a negative divergence on the weekly RSI which means a higher high is still possible in this uptrend, but in order to have a divergence there 1st has to be a down week, so maybe it finally closes lower next week.

$AAPL - The March 7 low was a potential daily cycle low on day 42. Since there was no positive divergence on the RSI, the low may not be in yet and a lower low is still possible next week. In order to confirm the daily cycle low it would have to close above the 20 day MA.

$BTC - Last week's top may have been the top wave 3 off the Sep 2023 low. Why only wave 3? There's no divergence on the weekly RSI. A wave 4 will be confirmed only if this week is a down week, otherwise it may have been just a sub wave 4 of 3. Wave 5 won't top before mid April.

$TSLA - At 160 intermediate wave A = intermediate wave C. However, the internal wave count suggests a potential decline to as low as 136. RSI is the lowest since January 2023 but it was at the same level in November 2022. Bullish reversal condition: weekly close above 182.87.

$WTI - Crude oil has reached the upper weekly BB and the 50% retracement of the September-December decline. The 24 week cycle high was due this week, so there's a high probability that it topped at 81.50. I expect a bearish reversal next week.

$Copper - Closed the week above the upper BB. Is it a sign of strength? Doesn't look like it. In 4 out of the last 5 cases the following week was a down week. Also, in all cases except the last one which made a higher high the following week, it was a multi week top.

$NG - The lowest weekly close in February was 1.603. If it closes below that next week RSI(14) may have a positive divergence as it had in April 2023. If there's a divergence at the end of next week, the 4 year cycle low may happen earlier than expected.

$Silver - Overall it's headed higher into the next 30 week cycle high that's due in early July. Based on seasonality the next multi week top could happen in early May. The measured move target is 27.12. In other words, up into early May, pullback, then final move up into July.

$Gold - Overall it's headed higher into the next 30 week cycle high in early July. Based on seasonality the next multi week top should happen in early May. The measured move target is 2310. In other words, temporary top in early May, pullback, then a final move up into July.

$DXY - The next 24 week cycle low is due in June. Last week it closed below the 10 week MA, this week it bounced back to it. When did we see this candle combo before? In November. No idea if it repeats next week, but if it does, it's going to be a good week for risk assets.

For those who don't know here's the latest $QQQ top 10 weighting: 1. MSFT - 9.08% 2. AAPL - 7.73% 3.NVDA - 6.24% 4. AMZN - 5.31%, 5. META - 4.99%, 6. AVGO - 4.37% 7. GOOGL - 2.43%, 8. COST - 2.40%, 9. GOOG - 2.37% 10. TSLA - 2.25% Tesla is now only number 10 in QQQ.

When brain dead leftists will have a brain transplant. twitter.com/elonmusk/statu…

$NDX - After all the back and forth action in March we have a close below the 20 DMA which confirms the decline into a daily cycle low. The ideal date for the low was today, but since it closed below the 20 DMA I expect a lower low on Monday as it did in January and February.

$SMH - After reaching the 20 day MA we have a potential daily cycle low, on day 49 of this daily cycle. The daily candle is a green candle on a down day, same as the one at the last daily cycle low on January 4, and also as the daily candle on February 21, before the NVDA gap.

$AVGO - After a negative reaction to its earnings last week it's approaching the 50 day MA at 1233 and it's close to filling the Nvidia gap from February 22 at 1228. I would look for a bottom and a bullish reversal next week.

Assuming no significant change in earnings (which is a wrong assumption but I'll use it for simplicity purposes), when it's trailing PE ratio drops to 15. It's trailing PE ratio is currently 38, so that means at $64. Like it or not, it may happen in 2026. twitter.com/amitisinvestin…

Spoiler: The EV bubble popped in 2022. Even if Tesla has no EV competition it's not going to return to the insane valuation it had in 2021. It's trailing PE ratio is 38 while its forward PE ratio is 52 which means its earnings are only going to get worse. twitter.com/squawksquare/s…

The NYSE down volume yesterday was 80%. In 2024 SPX bottomed every time there was an 80%+ down day except for January 16 when it made a lower low the next day because of another 80% down day. So, it either bottomed yesterday or will bottom today in case of another 80% down day.

Let's make it simple. $SPX has been trading above the 20 day MA for the entire year except for 2 cases in January that were immediately reversed. As long as it's above the 20 DMA there won't be any significant pullback/correction and it may stay this way until the end of April.