Stocks on Track for Rallies into Nov 22 – 24th, Then Jan 2024; 2-Year Cycle in Play
11/18/23 – “Stock indexes are fulfilling projections for a pair of sharp rallies from cycles lows on Oct 25 – 27 – first into Nov 3/6 and then into Nov 20 – 24 The NQ-100 remains the strongest and could ultimately (by or in Jan ’24) set new highs…
Stock Indices remain on track for an overall rally into Thanksgiving Week. They are reinforcing the multi-week uptrends that began in late-October ‘23 after fulfilling the synergy of weekly trend patterns, weekly HLS levels, timing retracement levels, and daily cycles – all projecting a 1 – 2 month (or longer) bottom on Oct 25 – 27.
At the time, the DJIA provided another textbook example of wave equivalence – in price AND time – completing a decline of 12 – 13 weeks and ~3,300/ DJIA points in late-October ‘23 (just as it had done in Dec ’22 – March ’23). That forecast an intermediate rally into Nov 20 – 24, 2023 before a multi-week high would become more likely.
On a larger scale, it is still expected to prompt an overall rally into January 2024… particularly in the stronger NQ-100 & S+P 500 indexes (which are still likely to exceed their 2023 highs – and possibly their 2021/22 highs – before peaks are set).”
Stock Indexes are confirming multi-week buy signals, generated after fulfilling a myriad of downside price & timing objectives, wave targets, and cycles converging on Oct 27/30, ‘23. That has ushered in the projected 4Q 2023 advance – likely lasting into January 2024.
Is Another October – January Advance Unfolding?
How Would This Impact Outlook for 2024/2025?
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