Stocks Fulfilling Projected Surge into ~November 25th; NQ-100 Projects Early Peak Near 21,200/NQ
11/12/24 – “Stock Indices are fulfilling the outlook for a November rally, led by the S+P Midcap 400. That rally was forecast to last into November 18 – 25th, when the greatest synergy of weekly cycles converges.
A high at that time would fulfill an ~8-month high-high-high-(high) & ~12.5-month low-low-low-(high) Cycle Progression. It would also fulfill a 17 – 18-week high-high-(high) & ~5-week low-low-high-(high) Cycle Progression
The DJIA has a similar ~5-week low-low-high-(high; Nov 18 – 25, ’24) Cycle Progression coming into play at that time.
The NQ-100 has been lagging (relatively speaking) and has only been able to retest its July peak while fulfilling the 1 – 2 month outlook for a rally back to ~21,200/NQZ. It was/is expected to peak during the (2) weeks of Nov 11 – 15th or 18th – 22nd and fulfill an 18 – 19-week low-high-high-(high) Cycle Progression that last timed the mid-July ’24 high.
It has initially fulfilled that (with a peak on November 11th – exactly 4 months from it July 11th high) but not yet confirmed a peak…” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes bottomed in sync with cycle lows on November 4/5th (reinforced by multiple price indicators) and are fulfilling projected November surge. DJIA & DJTA corroborate cycles projecting rally into ~November 25th while NQ-100 is poised to peak early… near 21,200/NQZ.
The S+P Midcap 400 remains in focus, projected to lead an overall surge into late-November ’24 – when a more significant peak is a higher probability. November 22/25th is the greatest synergy of cycles but price action will need to clarify if/when a late-November top is forming. The 17-Year Cycle also remains focused on 4Q 2024 as the most likely time for a major peak in equities.
How High Could November Surge Reach?
Why is S+P Midcap 400 Poised to Lead Surge into Late-November?
Is Russell 2000 Range Target Revealing Clues?
Will NQ-100 Peak Sooner??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.