Cru-Ca-Ble Cycle Lows Fulfilled
Cru-Ca-Ble Cycle Lows Fulfilled.
Crude Corroborates 7-Year Crash Cycles.
Oil Stocks Plummet into early-’16 Cycle Lows!
02/29/16 INSIIDE Track:
02/29/16 – Stock Indices fulfilled the early-2016 outlook – and the latest phase of the overall 2015/2016 Roadmap – by undergoing a sharp decline from mid-Dec. ‘15 (when the greatest synergy of cycles turned negative) into late-Jan./early-Feb. 2016… when cycles initially bottomed.
Price action corroborated that with most of the Indices retesting & spiking below their August lows while testing & holding their monthly HLS levels AND attacking their 2016 yearly support (on Jan. 20th).
The Jan. 2016 low reinforced a decisive monthly Cycle Progression – that projects a subsequent monthly low for June 2016. That is when a 10-month low-low-(low) Cycle Progression (Oct. ’14–Aug. ’15–Jun. ’16) AND now a corroborating (half-cycle) 5-month high-low-low-(low) Cycle Progression (Mar. ’15–Aug. ’15–Jan. ’16—Jun. ’16) recur…
Once again (as seen repeatedly the past 14 months), the January lows set the stage for a series of divergent lows to quickly follow, with many Indices spiking to slight new lows in Feb. – when weekly cycles projected a bottom. That repeats the patterns seen in Nov./Dec. ’14 (highs), Jan./Feb. ’15 (lows), Apr./May ’15 (highs), Aug./Sept. ’15 (lows) & Nov./Dec. ’15 (highs).
That final decline allowed Indices like the S+P to ALSO fulfill a precise wave relationship – completing a 2nd consecutive decline of 14 weeks each (May 18–Aug. 24 & Nov. 2–6th to Feb. 8–12th). Several other Indices corroborated, with the majority spiking down to weekly extremes & monthly support in February – the next degree lower of what was seen in January – a sequential bottoming formation in both time AND price. Daily extremes were also reached, at the lows – completing this bottoming pattern.
In doing so, the Indices showed that the combined Jan./Feb. lows represent a higher-degree bottom than those seen in recent months…Looking out over the remainder of 2016, another decline is expected in 2Q 2016 – resulting in an important low in June 2016 (with a precursor low likely in late-April/early-May)… and then into Oct. 2016…
Global Indices
China’s Shanghai Composite fulfilled 1–3 month expectations – from Nov. & mid-Dec. – for an overall drop into February…The Shanghai Composite has lost almost 50% from its June ‘15 peak… and is very likely to spur repercussions around the globe in the months & years to come.
One of the nations most vulnerable to a Chinese slowdown is Russia – who was planning on diverse trade agreements, most notably two major pipelines to move Russian Natural Gas to China, to offset some of the negative effects of a plummeting Ruble & plummeting oil market (see page 4)…”
Plummeting oil (mid-2014 into early-2016 cycle lows) exacerbates crashing equity prices & intensifies economic pressure on Russia. Dozens of stocks lose 30 – 70% in 2015/2016 – fulfilling latest phase of 7-Year & 14-Year Stock Crash Cycles. Bottoming formation – in oil & equities – could trigger sequence of important lows in 2016. Crude could see ~18-month bottoming phase before cycles begin to turn positive in 3Q ’17.