GateUser-3b3659cc

That is false. The last time the 10 day EMA of advancing issues was below 0.40 was on March 20, so the required 10 trading day window for getting a Zweig Breadth Thrust has already passed. There can be no ZBT this time. Trust AI at your own risk.

$SPX - 4th up day in a row and approaching the 200 day MA. The most likely scenario is hitting the 200 DMA and then turning down again for another down leg. Obviously, a ceasefire agreement with Iran will probably invalidate another down leg, but I don't see it happening.

$AMZN has not made a new low for the year since February when it bottomed at 196. A weekly close above the yearly pivot at 217 will confirm that it made an intermediate term low. On the other hand, breaking below 196 would likely take it down to the 1st yearly support at 175.

$TSLA - Closed down for 7 weeks in a row but the downtrend isn't over yet. The target remains the 100 week MA that is currently at 329. Further downside will be invalidated only in case of a weekly close above the yearly pivot at $387.60.

$NVDA - Made a new low for the year this week(164) but closed the week higher. So far it has performed well in comparison with the rest of big tech and traded above the yearly pivot at 161, but I expect it to hit the 100 week MA(currently at 147) at some point this year.

Reminder: Last week the 5 week RSI was nearly as oversold as in 2020 and 2025. While a V shaped bottom is not impossible, option 2 which is a May-June 2022 type of scenario is more likely here given the war is still on. The target range is 6100-6208.

$AAPL - The most bullish big tech stock this year. Hasn't made a new low for the year since January when it hit the yearly pivot at 243. I expect it to hit the 100 week MA that is currently at 232 so I doubt we won't see a lower low in Q2.

$MSFT - Closed the week higher after nearing the major support zone at 345-350. A weekly close above the 200 week MA(379) will be a good initial signal of an intermediate term low being in. There's still risk of a lower low in April.

$Gold - If you want more evidence that it made a major top in January take a look at the quarterly candle. Same candle as Q1 2008, Q3 2011 and Q3 2020. As you can see it doesn't mean gold will crash anytime soon. After the 2011 top it didn't make a new low for the next 6 quarters

$SPX - Closed below the 10 month MA. Going back to 2009 3 cases didn't have any further downside or only marginal further downside: 2011, 2015 and 2023, but in 2011 and 2015 the drawdown had already been at least 13%. Betting on no further downside in 2026 is playing with fire.

$Gold monthly - TSI turned down from its highest level ever and is about to have a bearish crossover. If the current 7 year cycle equals the duration of the 7YC in 2008-2015, the next 7YCL will occur in November 2029. Possible retest of the last 7YCH at 2100, minimal target 2800.

$USOIL - Closed the week above the 4th yearly resistance which means we may see a retest of the March high next week. Brent oil has already double topped at 119, and the roles have reversed and now it's trading a lower level than WTI, so possibly a double top for WTI too.

$SPX - Managed to recover the opening loss and close higher for a 3rd day in a row. Despite that, it's still below the 200 day MA(6645) and I expect another down leg to new downtrend lows if it gets to the 200 day MA next week.

$BTC - The next 11 week cycle low is due on the week of April 20-26. The only question is if the coming low will be higher or lower than the February low? Given that Bitcoin started to underperform stocks again this week, it may very well be a new low for the year.

$SLV - The monthly volume in January was the highest volume ever. Such volume expansions happen only at major tops. After every major top silver declines into the next 7 year cycle low. The next 7YCL is due in late 2029. I bet Karim or Savage never told you about it. Have they?

$SPX - The rally continued for a 2nd day in a row but as long as price is below the 200 day MA(6642) I still consider it a bounce in a downtrend. Tomorrow is Thursday and the S&P 500 was down in each of the last 9 Thursdays. It remains to be seen if this changes tomorrow.