Stock Indexes Fulfilling 2 – 4 Week Upside Targets; Russell 2K Projects June ’23 High.

04/15/23 Weekly Re-Lay – “The markets are tracing out the first month of the Natural Year (March 20/21 – April 19/20), which culminates in the coming week with the Date of Aggression.  Stock indexes are projecting a likely peak near that date…

Stock Indices have consolidated after fulfilling the outlook for a surge in the NQ-100 from March 13/14 into April 3/4.  That was/is projected to spur a sell-off followed by a new rally into April 17 – 21, with some indexes projecting new intra-year highs.  The S+P 500 is one of them, which has been projecting a rally back to (at least) 4244/ESM since neutralizing – but never reversing down – its weekly uptrend…

13,500 – 13,800/NQM remains the ideal upside target for this entire rally in the NQ-100.  That has received a little corroboration with the coming week’s LHR – at 13,557/NQM.  At the same time, the S+P 500 continues to maintain the likelihood for an overall rally to ~4,300/ES, reinforced by the coming week’s LHR at 4282/ESM.

The DJTA, Russell 2000 & S+P Midcap 400 have been holding steady since turning their daily trends up on April 3.  That signaled an initial high but projects a subsequent rally after a pullback.

The DJTA remains on track for a rally into April 17 – 21 when it would perpetuate an ~11-week high-high-(high) Cycle Progression and also complete a .618 rebound in time (47 weeks down, 29 weeks up)… adhering to Natural Year cycles as well.  Mid-April – early-May is the next phase of the uncanny ~8-month (from mid-Aug ’22) and ~16-month (from early-Jan ’22) cycles governing stock indexes.

The DJIA is showing that it is far more likely to stretch its rally to 34,342 – 34,500/DJIA (than just ~33,800) – where the monthly LHR and intra-year high converge with other resistance.

1 – 5 Day Outlook:

Stock Indices fulfilled the outlook for a surge in the NQ-100 from March 13/14 into April 3/4 and then consolidated.  That mid-March low fulfilled a 75 – 76-day low-low-(low) Cycle Progression, which projects at least a 37 – 38-day rally (1/2-cycle) and as much as a ~50-day rally (2/3-cycle) – portending a rally into at least April 19/20 and possibly May 2.

Daily trends remain mostly positive with daily 21 MACs beginning to corroborate.  Stock indexes just need to close above their April 3 highs to turn the intra-month trends up and trigger another 3 – 5 day (or slightly longer) surge.”

Stock indexes are validating the onset of Natural Year 2023/24.  The Russell 2000 – which has been the weakest index in recent months – illustrated this perfectly, fulfilling multi-month cycle lows on March 20 – 24, ‘23 (as well as a 3-Year Cycle from the March 20 – 24, ’20 low) and projecting a subsequent ~3-month rally into mid-to-late-June ‘23.

It bottomed in perfect sync with the onset of the new Natural Year and islikely to follow a textbook scenario in which a low around March 20/21 (Vernal Equinox) sets the tone, trend, and trading range for the ensuing ~year… and spurs an initial rally into April 19/20.  That becomes the opening range – and breakout resistance – for the months that follow.  Weekly cycles in many indexes – converging on April 17 – 21 – corroborate that and portend intermediate (2 – 4 week) highs during that week.

The NQ-100 and S+P 500 are still expected to see additional surge(s) in 2Q ’23 with the S+P 500 repeatedly validating analysis (first detailed in early-Jan ’23) for a rally to 4300 – 4350/ES.

How Do (Bullish) 4-Shadow Signals & Natural Year Analysis Concur?

What Does The Russell 2000 ~90-Degree Cycle Progression Portend for 2Q ‘23?

How Soon are Projected Tests of ~14,000+/NQ & ~4300 – 4350/ES Likely?

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