Stocks & 17-Year Cycle; Mid-June ’24 Lows Could Corroborate July/August Sell-off Cycles.

06/08/24 – “Stock indexes remain divergent with the DJIA remaining in a decisive 1 – 2 week period basis its weekly trend and weekly 21 MAC.  The DJTA & Russell 2000 have already given negative signals while the S+P 500 & NQ-100 remain near their highs.  Stocks are set to enter a tenuous 2 – 3-week period…

Stock Indices are continuing their divergence with the Russell 2000 and DJTA remaining in multi-month corrective phases as the NQ-100 remains strong, the S+P 500 traces out a top (after spiking down to its weekly HLS), and the DJIA sells off from a double top.  Stock Indices are expected to see new sell-offs into the second half of June but the new intra-month trends need to confirm.

The DJIA has been showing signs of a developing multi-month peak but needs a weekly close below 38,000/DJIA to turn its weekly trend down and confirm that potential.  At the same time, it is tracing out a potentially bearish reversal sequence in/of its weekly 21 MAC.  That could turn negative at the same time as (or within 1 week of) the weekly trend.

The Russell 2000 is similar but a bit more bearish as it remains in a weekly downtrend and could turn its weekly 21 MAC negative with a drop below 1965/QRU.  It’s uncanny ~1.5-month cycle projects an overall drop into June 28/July 1st.  The DJTA already turned its weekly trend and 21 MAC down and reinforced it with a weekly 2 Close Reversal sell signal after retesting the weekly 21 Low MAC.

1 – 3 month & 3 – 6 month traders could have exited a portion of long positions in March, anticipating a sell-off that could stretch into/past mid-June 2024.”     TRADING INVOLVES SUBSTANTIAL RISK


Stock Indexes are moving toward decisive peaks projected for July & October 2024, in sync with overall 17-Year Cycle analysis and parallels.  The NQ-100 is reinforcing expectations for similarities to 2007, in line with the 17-Year Cycle of Stock Market Peaks (successive highs in 1Q ‘24, July ‘24, and then October ’24 projected).  Several timing indicators project a critical top for July 2024!

The DJTA & Russell 2000 maintain the likelihood for additional lows in ~mid-June – the time when a multi-month bottom is most likely and when this latest corrective period should culminate… leading to new rallies into July ‘24.  The DJTA is focused on June 17 – 21st for a bottom.  The Russell 2000 concurs – with a decisive low expected on ~June 18/20th.  The DJIA and other indexes concur.

 

How Does Current Sell-off Set Stage for Larger 3Q ’24 Decline?

Why Does 17-Year Cycle of Stock Peaks Forecast Pivotal Highs for July & October 2024?

Will This Corroborate the Projected 2025/26 Recession (& Stagflation) Cycle?

 

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