NQ-100 On Track for Overall Advance to ~13,800/NQ.

02/15/23 Weekly Re-Lay Alert – “In early-Jan ’23, the NQ-100 finally completed a ~14-month down cycle (a ~7-month high-low and then a ~7-month low-low), setting its lowest daily close as it fulfilled a ~30-week high-high-low-(low) Cycle Progression that has spanned the past ~2 years… and leaving it on track for an overall rally into [reserved for subscribers]…

[That 7-month/~30-week high-high-low-low Cycle Progression projects a future low in Aug ’23.  That is also the same time (late-July/early-Aug ‘23) the DJIA would fulfill a ~9.5 month high-high-high-low-(low) Cycle Progression and the S+P 500 would fulfill a related 40 – 41-week high-low-(low) Cycle Progression.

Aug ’23 is also when the DJTA would fulfill a 46 – 47-week high-low-(low) Cycle Progression.  Add’l specifics regarding that potential low are yet to be determined.]

…the NQ-100 has reinforced its early-Jan ’23 cycle lows, which projected a rally to ~13,500 – 13,800 – the mid-Aug ‘22 high, a 50% rebound of the 2021/22 sell-off, a doubling of the Oct/Nov ’22 rally, and a doubling of the Jan ’23 rally.”

Stock indexes are fulfilling 4-Shadow Signals (triggered in 4Q ’22) that projected new surges in 1Q ’23.  Indexes like the Russell 2000 & S+P Midcap 400 attacked their upside price targets (accomplishing what the DJIA did in 4Q ’22) while the NQ-100 and S+P 500 are projecting higher levels (~13,800/NQ & ~4300/ES) before their advances would have a better chance of peaking.

Those upside targets – and how/when they are reached – should reveal a great deal about what to expect leading into key cycles in late-July/early-Aug ’23.  In the interim, stocks are fulfilling the potential for a multi-week pullback (from early-Feb) before a second surge becomes likely.

 

What Did/Does 4Q ’22 4-Shadow Signal Portend for 1Q ‘23?

How High Could Latest Rallies Reach?

What Would Likely Follow Tests of ~13,800/NQ & ~4300/ES?

 

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.