Stock Indexes Rally to Begin Natural Year 2023/24; Russell 2000 Projects Multi-Month Advance.

04/01/23 Weekly Re-Lay – “The markets are already being influenced by the start of the Natural Year (March 20/21) and could see revealing action during the first month… leading into the Date of Aggression (April 19/20).  Geopolitical and geophysical instability are a heightened risk during this time.  Stock Indexes are rallying… with the NQ-100 surging in sync with daily & weekly cycles that bottomed on March 13/14…

Stock Indices are fulfilling projections for another surge into the opening days of April ‘23 after the weakest stocks and indexes spiked to new multi-month lows on March 20 – 24… reinforcing the influence and impact of the start of Natural Year 2023/24.

In the process, the Russell 2000 perpetuated a ~3-month/~90-degree high-low-low-low-(low; late-March ’23) Cycle Progression AND bottomed exactly 3 years from the 2020 lows.

The DJTA did the same, perpetuating a 3-month/~90-degree low (Sept 23) – low (Dec 22) – (low; March 24) Cycle Progression and has the potential to rally into April 17 – 21 when it would perpetuate an ~11-week high-high-(high) Cycle Progression and complete a .618 rebound in time (47 weeks down, 29 weeks up).  That could provide a perfect validation to Natural Year cycles.

The NQ-100 led the way higher, fulfilling analysis for a surge from March 13 into early-April and from ~11,900/NQM to its primary upside target at 13,500 – 13,800 (with a possible spike above 14,000/NQM).

It should spike higher into the latest phase of a ~2-month/~60-degree high-high-high-(high) Cycle Progression on April 3 or 4.  The greatest synergy of related daily cycles is on April 4, when the NQ-100 would fulfill/perpetuate a 21-trading day high-high-high-(high) Cycle Progression and an over-arching 42-trading day high-high-high-(high) Cycle Progression that most recently divided into a 26-t-day decline followed by a 16-t-day advance (.618)…

Stock Indices rallied into month-end with the S+P 500 doing precisely what was described.  It pulled back into daily cycles on March 23/24 and then rallied to 4137 – 4141/ESM in the past week – closing the week at 4137/ESM.  That allows for it to spike higher in the coming days/week.

With short-term cycles arguing for a high on April 3/4, and some weekly cycles peaking in mid-April, it is possible (perhaps even likely) that stock indexes could trace out an intra-month pattern similar to Dec ’22 & Feb ’23 or inversely similar to Oct ’22… most apparent in the DJIA.

If that were the case, stocks would spike higher in the coming days, retrace for 5 or more trading days, and then spike higher into mid-April.  With inflation numbers still a primary focus, the CPI & PPI data releases on April 12 & 13 could factor into this potential action.  And, just as in those prior instances, these peaks could be divergent.”

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.

That dovetails with projections for the NQ-100 and S+P 500 to still 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.