Why the 2-Year Cycle Could Trigger Second October ‘18 Plunge in Stocks.
Why the 2-Year Cycle Could Trigger Second October ‘18 Plunge in Stocks.
10/17/18 Weekly Re-Lay Alert: “Stock Indices have rallied sharply after perfectly fulfilling 2-Year Cycle expectations for a 10% sell-off surrounding the first two weeks of October… a sharp rebound did begin on Oct. 12 and was expected to generate multi-day rallies to short-term resistance…
The DJIA & NQZ have already reached preliminary resistance so tomorrow’s action should be revealing. If a secondary top were going to take hold now [reserved for subscribers]…
The indexes now enter a 1 – 2 week period during which they should reveal if they are going to extend the recent declines and take this correction to a higher level. The Nasdaq 100 needs a weekly close below 6907/NQZto turn the weekly trend down and generate a sign of a 3 – 6 month (instead of just a 1 – 2 month) peak.” TRADING INVOLVES SUBSTANTIAL RISK!
Equities have fulfilled the latest phases of the 2-Year Cycle – plunging 8 – 10% during the first two weeks of October and then rebounding to short-term resistance. This is increasing the potential for another 1 – 2 week sell-off – ultimately leading into important cycle lows in late-October that have been in focus for several months.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.