Stocks Signaling Peak…
Stocks Signaling Peak…
Jan. 31 – Feb. 2 = Critical!
Is Anticipated Top Intact?
01/30/18 INSIIDE Track Stock Index Update: Stock Indices are showing signs of a near-term peak with the DJIA & ESH neutralizing their prevailing daily uptrends after fulfilling much of the 5-month AND 10-month low-low-low-low-(high) Cycle Progressions that project a multi-month peak between mid-Jan. – mid-Feb. 2018.
The Nasdaq 100 has not yet done the same, pulling back to short-term support, and holding, as the S+P and NQ-100 also dropped to their daily HLS. The Nasdaq still needs a daily close below 6885/NQH to neutralize its daily uptrend.
In contrast, the Transports turned their daily trends down last week and have steadily declined since peaking in mid-Jan. In order to escalate this decline to the next higher level, it would take a weekly close below 10,890/DJTA to neutralize the weekly uptrend.
This action is a little more significant since it comes in the year after the primary indexes surged to their yearly LHR levels (intra-year extreme upside targets) and in the month in which those primary indexes surged to their monthly LHR levels (intra-month extreme upside targets).
Based on the daily trend patterns (in DJIA & ESH) and daily HLS levels (in ESH & NQH), the next two days are critical…”
Stock Indices are showing signs of peaking after completing the majority (or all) of 5 & 10-Month Cycle Progressions that projected a surge into and a multi-month peak in mid-Jan – mid-Feb. 2018. Transports have already confirmed intermediate peak and often lead reversals lower. The month of February ushers in decisive period.
See Weekly Re-Lay & INSIIDE Track for additional details.