August ’19 Danger Period: Global Equities Concur – Aug. Sell-off Inevitable! China/Asia Flash Warning Signs… What is Likely to Follow??
07/30/19 INSIIDE Track – “China’s Shanghai Composite is reinforcing a bearish sequence of trend patterns and 21 MAC movement (see July ‘19 INSIIDE Track for details). The latest expectation was for a rebound high on July 1 – 8 – fulfilling a ~90-degree low-high-(high) Cycle Progression & weekly 21 MAC action. It peaked on July 2.
Based on a myriad of factors, this index is showing signs that a new decline has begun… with the potential to last into Jan. 2020. Hong Kong’s Hang Seng Index is similar and projecting an initial sell-off into Sept. ‘19, after fulfilling analysis for a secondary peak in the first two weeks of July.
Japan’s Nikkei 225 Index is also similar, turning down in early-July and projecting an intermediate decline into late-Sept. ‘19.”
China, Japan & Hong Kong Concur – Stocks in for rough ride in August 2019! DJ Industrials reinforce projected sell-off from mid-July into late-Aug. Monthly trend signals could elevate that decline. 40-Year Cycle AND 4-Year Cycle project sharp drop in Aug. ‘19… with a Aug. ’15-style sell-off increasingly more likely!
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.