Stocks Focused on Critical Targets (2850/IDX, 2000/QR, etc.) & Could Drop into March 12/13th.
03/08/25 – “Stock indexes remain on track for overall declines into late-March/early-April as part of a larger setback. That would provide intriguing parallels to 2020 and also to 2008… the previous phase of the 17-Year Cycle. In the interim, they were expected to drop into the first part of March – something they have initially fulfilled.
Stock indices have fulfilled 1 – 2 week expectations for a sharp drop from Feb 18/19 – when the S+P 500 & NQ-100 fulfilled their upside objectives & weekly trend targets and signaled a divergent peak – into the opening days of March… when several daily cycles recurred.
While that was/is expected to usher in an initial low, it is not expected to hold for too long.
There are still intermediate downside objectives that remain unfulfilled. As a result, there is room for an additional drop in the coming week…
A primary factor in all of this involves the critical levels/ranges of support and downside price targets that have been revealed over the past couple months.
One of them involves the uncanny range-trading target in the S+P Midcap 400 – coming into play around 2850/IDX. That is also a form of ‘4th wave of lesser degree’ support.
The related high (Dec ’23) and lows (April & Aug ’24) are at 2810 – 2817/IDX – so that is a more likely downside target/support for this decline.
Reinforcing that, the rising monthly 21 Low MAC is around 2785 and could reach ~2810 in April ’25. (The rising monthly 40 High MAC is at ~2830/IDX.) That is one reason this target could wait until the next low to be tested. The DJIA remains focused on ~41,700 as a key target.
One cycle that is coming into focus in the S+P Midcap 400 is an ~8-week low-low-low-low-high-high Cycle Progression that most recently timed the January 22nd peak. Depending on the action of the coming days/week – and if/when an initial low takes hold – that Cycle Progression could time [reserved for subscribers].” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes are fulfilling projections for acceleration lower in March ’25, expected to extend into March 12/13th before a multi-week low would become more likely (if downside targets are hit). They are confirming the major peaks projected for Nov 22/25, 2024 (in S+P Midcap 400 & related indexes) and the subsequent/secondary highs projected for ~January 22nd – a multi-month topping process.
That was/is expected to prepare the way for sharper declines into March ’25 and confirmation of a broader stock market (seismic) shift. That would validate weekly trend and multi-month 4-Shadow signals triggered in January and portending a larger-magnitude sell-off after January 22/23rd. Downside targets near 2850/IDX & 2000/QRM should be tested before a multi-week low becomes more likely.
The 17-Year Cycle projected 4Q 2024 as the most likely time for a major (multi-month & multi-quarter) peak in equities – and 2025 as the time for the next major decline in stocks. It also continues to project a recession AND stagflation in 2025/2026. Corroborating that, the DJIA is revealing eerie parallels to late-2007/early-2008 and providing a roadmap for future expectations.
Can Major Indexes Attack 2 – 3 Month Downside Targets by/on March 12/13th?
How Could DJIA Plunge into March 12/13th Fulfill Key Downside Objectives?
Will Indexes Attack Multi-Month Targets (2850/IDX, 2000/QR, etc.) by Mid-March?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.