Stocks Adhering to Weekly Trend & 4-Shadow Signals; Portend February/March Declines.
01/18/25 – “Stock indexes spiked lower this past week, fulfilling the convergence of daily & weekly cycles, weekly trend signals and related 4-Shadow signals…
Stock indexes entered this week anticipating a spike low and subsequent rebound – in line with weekly cycles, trend indicators and developing 4-Shadow signals…
This past week’s lows also fulfilled intra-month trend patterns, daily cycles & 4th wave of lesser degree support levels. They did this as the DJIA attacked its 1 – 2 month downside target near 41,800, the NQ-100 bottomed right at monthly support, and the S+P 500 completed a pair of equidistant downside wave objectives, creating additional examples of wave symmetry…
In December, the S+P 500’s initial decline was a plunge of ~300.0/ES points. After the subsequent rebound into Dec 26th, the S+P 500 began a second decline from its 6107/ESH peak – with an initial (minimum) downside target around 5807/ESH (~300.0/ES points).
A quick drop of ~233/ES points ensued, lasting from Dec 27th into January 2nd. A second related decline began on January 6th – when a trio of indexes projected a secondary peak – with an initial (minimum) downside target around 5835/ESH (~233 points).
Those downside objectives were reinforced by the July ’24 peak (resistance turned into support) at ~5840/ESH and the Oct ’24 low (4th wave of lesser degree support) at ~5800/ESH. The S+P 500 spiked down to 5809/ESH on January 13th, the precise time it completed successive declines on an intermediate (11 trading days each) and short-term (7 days each) basis… fulfilling wave symmetry on multiple levels of time AND price.
The DJIA, S+P Midcap, Russell 2000 & DJTA also bottomed at their October ’24 lows – pivotal (initial) 2 – 3 month support – as the Midcap reached its 10% decline threshold… Stock Indices set 1 – 2 week lows on Jan 13th, fulfilling a myriad of daily & weekly cycles, weekly trend indicators and 4-Shadow indicator signals.” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes are adding corroboration to major peaks projected for late-Nov/early-Dec ’24 with the S+P Midcap, DJTA & Russell 2000 peaking on November 25th. Those highs were set while fulfilling repeatedly-published cycles and major upside price targets – ushering in what was projected to be 3 – 6 month (or longer-lasting) peaks in late-Nov. ’24.
January 10/13th triggered a pair of revealing signals in multiple indicators – casting shadows ahead and project sharper declines in February/March ’25… and potentially beyond.
The 17-Year Cycle remains focused on 4Q 2024 as the most likely time for a major peak in equities. In line with that, the DJIA is already revealing parallels to late-2007/early-2008. Cycles and timing indicators are already identifying the next likely time frame when a future sharp sell-off is likely… in February/March ‘25 (see publications for details).
How Do November 25th Highs Corroborate Outlook for 2025 Sell-off?
How Would Late-Jan/Early-Feb High Reinforce 1Q ‘25 Outlook?
What Do Weekly Trend & 4-Shadow Signals Bode for February/March ‘25?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.