Canary in Coal Mine: Key Index Warning of Dangerous Period in Coming Weeks as Stocks Fulfill Forecast for late-April/early-May ’19 Peak?
Canary in Coal Mine: Key Index Warning of Dangerous Period in Coming Weeks as Stocks Fulfill Forecast for late-April/early-May ’19 Peak?
04/27/19 Weekly Re-Lay – “One particular index (Russell 2K) makes a strong case for that peak to occur in the coming week, based on its weekly trend pattern and 9-week low-high-(high) Cycle Progression. April 29 – May 6 is also the fulfillment of a 32-week low-high-(high) Cycle Progression in other indexes…
Stock Indices have nearly fulfilled the 3 – 6 month outlook for an overall advance from late-Dec. into May 2019 – when a powerful convergence of weekly & monthly cycles peak (in domestic and global equity indexes).
They were expected to see some consolidation this past week, with the next 1 – 2 week low projected for April 25. The indices consolidated this week and, in many cases, spiked down to ~2-week lows as they bottomed on April 25. That fulfilled last week’s analysis, identifying April 25 as the convergence of multiple daily cycles…The Russell 2K could be the canary in the coal mine.”
Stocks have entered a dangerous period when a multi-month peak has been forecast (since 3Q ’18). They have fulfilled ongoing analysis for a 6 – 12 month bottom in late-2018 (~3.25-Year Cycle) followed by a 4 – 5-month rally into April/May 2019 and back up toward their Sept./Oct. ’18 highs (weekly cycles pinpoint late-April – early-May ‘19 as ideal period for a peak) – when a multi-month peak is projected. Daily & weekly cycles pinpoint April 22 – May 3 as prime time for peak. May 2019 begins a precarious period for equity (and energy) markets! Watch for initial sell-off.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.