Stock Market Danger Period Nears
08/06/16 Weekly Re-Lay:
“Stock Indices are entering the first of two vulnerable periods in the second half of 2016 (the second begins in early-to-mid-Oct.). This first period coincides with the latest phase of the ubiquitous 32–33 Week Cycle – on August 1–12th.
August 1–12th is also the culmination of an overriding, ~66-Week low (Nov. ’12)–low (Feb. ’14)–high (Apr/May ’15)–high (early-Aug. ’16) Cycle Progression.
So, not only will the 32–33 Week Cycle be rolling over to the downside by mid-Aug. – as it did in Sept. ’14, May ’15 & Dec. ’15 – so too will the ~66-Week Cycle.
Price action is initially validating these cycles as all the Indices have surged to their 2–4 week upside targets – at 18,600–18,700/DJIA, ~2175.5/ ESU & ~4700/NQU – triggered when they fulfilled analysis for a multi-month low in late-June (that projects a future low in late-Nov.) and held key support levels…
Stock Indices are mixed with the ESU & NQU projecting new highs as the DJIA & DJTA signaled a multi-day bounce (late-week) to lower highs. By the end of the coming week, several factors should align for a more sustained sell-off… [See complete 8/06/16 Weekly Re-Lay for expanded analysis on the impending ‘Danger Period’ projecting an initial drop from mid-August into late-September… immediately following the completion of this latest 32–33 Week AND 66-Week Cycle.]