Stock Market Update: Stocks Nearing Upside Targets Leading into Projected Peak on Nov. 11 – 15; ‘Danger Period’ to Follow.
11/05/19 INSIIDE Track Intra-Month Update: “Stock Indices are fulfilling multi-month expectations, rallying into Nov. 2019 when a multi-month peak is expected. On a larger-scale basis, the month of November is the perpetuation of a ~7-month cycle that has resulted in a ~7-month low (July ’17) – low (Feb. ’18) – high (Sept. ’18) – high (April ’19) – high (Nov. ’19) Cycle Progression.
On a weekly basis, a peak on Nov. 1 – 15 would perpetuate an 11 – 12-week low-low-low-low-(high) Cycle Progression, a 22 – 23-week low-low-(high) Cycle Progression, a 45 – 46-week low-low-low-(high) Cycle Progression and a 29-week high-high-(high) Cycle Progression. That peak would be expected to hold (at least) through year-end.
The greatest synergy of timing indicators (daily cycles, intra-month trend structure, daily & weekly LHR objectives, etc.) is on Nov. 5 – 12, but a peak could take hold at any time between now and Nov. 15.
Reinforcing this scenario, the DJIA attacked its weekly LHR last week. That was needed to demonstrate the DJIA was reaching an extreme on the upside and could spike as high as ~27,700 while forming a multi-month peak. It ushered in the period when a multi-month high is most likely. At the same time, the S+P 500 & Nasdaq 100 fulfilled their weekly trend patterns, completing another component needed for a developing peak.
Equity indexes have just entered a 5-week period when their inversely-correlated weekly 21 MARCs will surge – a factor that could soon become a negative influence (likely around mid-Nov.)… The first sign of a multi-week top would be [reserved for subscribers].”
Stock indexes have nearly completed the projected ~2.5-month advance (from late-Aug.) into Nov. 11 – 15 – the ideal time (most synergy of cycles & timing indicators) for the next multi-month peak. Decisive upside price targets are corroborating this outlook and likely to be tested by/on Nov. 8/11. What Does Dollar Outlook Have in Common?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.