Stocks Continue Topping Process; Prepare for Larger Sell-offs.
02/20/20 INSIIDE Track Intra-Month Update: “Stock Indexes are giving mixed signs on a near-term basis with the DJIA neutralizing its intra-month uptrend as the S+P 500 and Nasdaq 100 neutralized their daily uptrends while triggering outside-day reversals…
The recent rallies to new highs have fulfilled the latest phase of the 2-Year Cycle after the late-Jan. sell-offs mimicked what occurred in late-Jan. ’18… and the early-Feb. reversals higher mirrored what occurred in early- Feb. ’18. (2014 also saw a remarkably similar pattern with the DJIA peaking on Jan. 21 and plunging into Feb. 3 before reversing back up.)
In 2018, the lead indexes & stocks peaked on Jan. 16/17 and then plunged in late-Jan. – bottoming and reversing higher in the Feb. 3 – 12 time frame.
In 2020, the lead indexes & stocks peaked on Jan. 16/17 and then plunged in late-Jan. – bottoming and reversing higher in the Feb. 3 – 12 time frame.
In 2018, the lagging indexes & stocks condensed their decline to a 2-week/14-day drop in late-Jan. – bottoming and reversing higher in the Feb. 3 – 12 time frame.
In 2020, the lagging indexes & stocks condensed their decline to a 2-week/14-day drop in late-Jan. – bottoming and reversing higher in the Feb. 3 – 12 time frame.
Many stocks and indexes (including DJTA, Russell 2000, AAPL, SBUX, etc.) experienced 5 – 15% corrections in late-Jan., setting the stage for [reserved for subscribers].”
Stocks perpetuating 2-Year Cycle, reinforced by the over-arching 40-Year Cycle. An ominous 4-Shadow Signal concurs and warns that a much larger drop is on the horizon as DJTA weekly cycles and sell signals project second plunge into weekly cycle lows.
What Do DJTA Cycle Lows (in Coming Weeks) Bode for March/April ‘20?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.