Stocks Project ‘Sizeable Rally’!

Stocks Project ‘Sizeable Rally’!

04/05/18 INSIIDE Track Intra-month Update:  Stock Indices are fulfilling expectations for a sizeable rally, as discussed in the April 2 + 3 Updates.  They completed their latest sell-offs, bottoming on April 2 – while fulfilling a 32-day high (Jan. 26) – high (Feb. 27) – low (Mar. 31; the next trading day was April 2) Cycle Progression – and projected another quick bounce.

This came after equities fulfilled multiple short-term (downside) objectives and held key 1 – 2 week support levels – creating the ideal environment for a 2 – 3 day (or longer) bounce.  As stated in the April 3 INSIIDE Track Stock Index Update:

“Stock Indices are consolidating after another sharp sell-off to begin the month.  That decline reached key support levels with the DJIA & NQM holding just above their respective weekly 21 Low MARCs. 

At the same time, the S+P 500 spiked down to (and held) its daily HLS at 2568/ESM while it was fulfilling the potential to turn its weekly 21 MAC down…equities reached multiple levels of support yesterday and were expected to rebound…”

That remains the case and the equity indexes could still reach higher levels in the coming day(s).  They have turned their intra-month trends up while neutralizing their daily downtrends, reinforcing that some additional upside is more likely.  On an intermediate basis, they remain on track to see [reserved for subscribers]”

---

Stock Indexes rallying from April 2 cycle low and still project rebound to (at least) 24,715 – 24,741/DJIA, 2685 – 2697.5/ESM & 6768 – 6837/NQM.  Weekly resistance levels are overlapping some of these ranges, with the Nasdaq 100 projecting likely rebound above 6800/NQM before next leg down.

See Weekly Re-Lay & INSIIDE Track for additional details.