Stock Index Sell Signals Project Drop into ~April 19th (First Phase).

04/10/24 – “Stock indexes are reinforcing their intermediate peaks and intensifying the reversal (lower) patterns that are unfolding.  This topping phase has been unfolding since the remaining strong stocks & indexes (many others have been peaking since December ’23) peaked on March 20/21st – the start of a new Natural Year.

As explained many times, that first ‘month’ of the Natural Year – from March 20/21st into April 19/20th – often times abrupt changes that influence the ensuing ~11 ‘months’.  It has been forecast to time an initial sell-off in equities… part of a larger decline that could stretch into late-May 2024.

In March 2020 – 2023, that Natural Year shift timed the onset of new trends – in both directions – that lasted for many months (see April ’24 INSIIDE Track for related recap).  March 20/21, 2024 was set up perfectly to time a similar shift… to the downside.

That was corroborated by a newer ‘proxy stock’ (NVDA) – the driving force behind the 1Q ’24 rally – fulfilling multiple upside targets near 950, ushering in a likely 1 – 2 month (or longer) peak.

That fulfilled key range-trading targets, LLH objectives & the extreme upside price target (LHR) for 2024 – a combination of upside extreme levels.

It set its highest daily close at 950.02 while fulfilling projections for a peak on March 25th

It has moved in lockstep with the primary indexes, turning their daily trends, then their intra-month trends, and now their daily 21 MACs down (after/while closing below them).

The NQ-100 has been in a topping process for the past ~6 weeks, having traded sideways through March after surging into late-Feb ’24 and fulfilling an ongoing ~2-month/~60-degree cycle and setting its highest daily close at that time.

This phase should last into mid-month – the initial downside target for the intra-month downtrends AND a ~3-month/~90-degree cycle from the mid-Jan ’24 lows.

1 – 3 month & 3 – 6 month traders should be lightening up on long positions in anticipation of a sizeable correction that could stretch into late-May ’24.”   TRADING INVOLVES SUBSTANTIAL RISK!


 

Stock Indexes are fulfilling multi-week sell signals that project an initial sharp decline into April 19th.  That aligns with focus on the Date of Aggression (April 19th) – the culmination of this pivotal transition period (the first ‘month’ of the new Natural Year… the Month of Aggression).  The key will be what occurs by/on April 19th with respect to weekly trend indicators and weekly 21 MACs.

This should be a ‘telling’ time for equity markets and the outlook for the months to follow… with April 19th likely timing a critical inflection point and spurring a multi-week bounce.

The action leading into April 19th is expected to ‘cast shadows ahead’ to a related time frame surrounding mid-May ‘24.

 

What Would a Stock Market Sell-off into ~April 19th Reveal?

Does This Correspond to 17-Year Cycle of Stock Declines?

Could This Ultimately Lead into the 2025/26 Recession Cycle?

 

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