Stocks Begin Sell-offs in 3Q ’23 ‘Danger Period’! Russell 2K Leading Reversal Lower.
08/09/23 – “Stock Indices peaked and reversed lower in late-July/early-August ‘23, turning daily & intra-month trends down as a significant ‘danger period’ began. That initially validates intermediate cycle highs and the potential for a multi-week sell-off. A vulnerable period extends into late-Aug ’23. The DJIA spiked higher on Aug 1/2 – fulfilling a ~1.5-month low-high-high-(high) Cycle Progression and a series of ~3-month (90-degree) moves from successive highs on Nov 1/2, […]
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