Tag: Nasdaq

Stocks Drop Right to Support; Late-June Cycle Low Should Spur Rally… Multi-Week Advance Likely. 07/02/16 Weekly Re-Lay:  “Stock Indices completed their intermediate sell-offs, dropping from mid-April (& early-June) into late-June – the convergence of weekly & monthly cycle lows.  They spiked down to weekly support – to begin the week – increasing the potential for an intermediate low, reinforced by the weekly trend patterns…  Stock […]

Stocks Fulfill Late-June Cycle Low; Early-July Rally Forming? Reinforces late-2016 Outlook. 06/29/16 Weekly Re-Lay Alert – ‘Late-June Cycle Low’:  “Stock Indices are reinforcing, yet again, that they are stuck in a wide trading range – swinging wildly from one extreme to the other.  After spiking lower on Monday – with some Brexit follow-through – the Indices have rebounded and are attacking weekly resistance levels at […]

Stocks Poised for Drop into late-June; Next Phase of 2-Month Correction Imminent. 2–3 Week Drop Would Overlap ‘Brexit’ Vote. 06/11/16 Weekly Re-Lay:  “Stock Indices have rebounded since fulfilling intermediate analysis for a drop from April 19th/20th into May 16–20th.  That triggered an ensuing rebound that was expected to peak in early-June.  The Indices are beginning to reverse lower but more confirmation is needed… Stock Indices are slowly validating […]

Stocks Set Stage for 2–4 Week Top; Drop into late-June Remains Likely. Watch June 23rd ‘Brexit’ Vote. 06/08/16 Weekly Re-Lay Alert:  “Stock Indices remain positive on a 2–3 month basis and most have turned back to positive on a 2–4 week basis.  They fulfilled projections for an intermediate decline from April 19th/20th into May 19th/20th and have rebounded since.   On a near-term basis, this rebound has extended beyond […]

Stock Market Nearing Early-June Peak; Drop into late-June Should Follow. July 19/20th = Subsequent Cycle High. 06/04/16 Weekly Re-Lay:  “Stock Indices remain positive on a 2–3 month basis but neutral on a 2–4 week basis.  They fulfilled projections for an intermediate decline from April 19th/20th into May 19th/20th (~90 degrees from the Jan. 20th low) and have rebounded since.  That creates the potential for a subsequent high around July 19th/20th – a […]

Stocks Fulfilling 2nd Phase; 3rd Phase = Early-June–late-June Drop… 2000–2001 ‘Mirror Image’ Continues. 05/28/16 Weekly Re-Lay:  “Stock Indices fulfilled the first phase of an expected late-April-to-late-June-decline – the initial drop into May 16–20th.  That has triggered an ensuing rebound that could stretch into early-June… Stock Indices fulfilled the outlook for an initial decline from April 19/20th into May 16–20th.  At the time, the DJIA & ESM – and secondary Indices – […]