Stocks Completing Rebounds…

Stocks Completing Rebounds…
Quick Drop into early-March Likely;
Larger Decline Should Follow.

02/28/18 Weekly Re-Lay Alert:  Market cycles continue to focus on next week… equity markets have reinforced the focus – triggering initial 2 – 3 week sell signals in mid-to-late-Jan. and more recently undergoing a ‘b’ wave bounce.

A late-Feb. peak would mimic the late-Jan. action and set the stage for – at the very least – a quick drop into [reserved for subscribers].

Stock Indices rebounded into late-Feb., allowing the S+P to rally right to its weekly resistance (2783.25/ ESH) without turning its daily trend up – the ideal setup for a secondary peak.  That increases the likelihood for a quick drop from late-Feb. into early-March.

Today began that sell-off, initially repeating the pattern of late-Jan/early-Feb. (30-degree cycle) in which highs were sent between the 26 – 29th of the month.

The DJIA & NQH neutralized their daily uptrends as the S+P (ESH) reentered its daily downtrend.  The earliest the DJIA & NQ can turn their daily trends down would be the March 2 close (corresponding trigger levels are…).”

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Stock Indices reinforcing late-Jan./early-Feb. (multi-month) cycle peak.  Multiple indicators are projecting another quick sell-off from late-Feb. into early-March…. with a larger drop to follow.

See Weekly Re-Lay & INSIIDE Track for additional details.