DJIA, S+P 500 & NQ-100 Poised for Bounce into Dec 26/27th; Others into Early-January.
12/21/24 – “Stock indexes plunged into Dec 19th, fulfilling the first phase of analysis following the Nov 25th peaks (in IDX, RUT, DJTA) – fulfilling related daily, weekly & monthly cycles. Dec 16 – 19th was expected to culminate initial sell-offs and is likely ushering in some consolidation…
Stock Indices completed the first phase of their ‘post-peak’ outlook, topping precisely on Nov 25th (the focus since early-October ’24 and the date with the greatest synergy of converging daily, weekly & monthly cycle highs) and dropping into December 19th – when daily & weekly cycles were projecting the culmination of an initial drop.
They fulfilled the potential for sharp multi-week declines with the DJIA plunging to within a few hundred points of its initial downside target as the S+P Midcap 400 – the focus of this analysis – plunged right to its range-trading support and 3 – 4 week downside target at 3100 – 3125/IDX.
That comes after it peaked precisely at its upside range-trading target (~3400/IDX).
The DJTA, which also peaked right at its upside range target (~17,600), plummeted right back to its early-October low and range-trading support (~15,600) while turning its weekly trend down… the first to do so.
That is a lagging/confirming indicator, usually triggered near an initial low. It also closed below its weekly 21 Low MAC.
The Russell 2000, another index that peaked in lockstep with its upside range target (~2460/QR), plunged to its early-October low – retracing all of the pre- & post-election gains.
All the indexes attacked & spiked below weekly HLS levels (extreme downside targets for this past week), with the DJIA, QRH, DJTA & NQH bouncing enough to close the week back above (holding) those levels.
That reinforced projections for a blow-off spike low and reversal higher on December 19/20th. Key indexes showed signs of downside exhaustion on December 19th, reinforcing what cycles had identified weeks earlier. Having fulfilled their downside potential, they spiked lower on Dec 20th and then rallied sharply. The lows reinforced future cycle lows in [reserved for subscribers]…
Stock Indices plunged into December 19th, in perfect lockstep with daily cycles and the signals triggered in early-Dec. The DJIA could rebound into Dec 26/27th – the latest phase of a 15 – 16 trading day (21 – 24 calendar day) Cycle Progression that helped pinpoint its Dec 4th high. Other indexes have similar short-term cycles.” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes fulfilled sell signals triggered in late-Nov/early-Dec ’24 after they completed the outlook for culminating surges into Nov 25th when the S+P Midcap, DJTA & Russell 2000 were projected to set multi-month (or longer) peaks near major upside targets at ~3400/IDX, ~17,600 & ~2460/QR. They perfectly fulfilled those projections – both price AND time – consuming the final upside potential for 4Q 2024.
That ushered in an initial dangerous 3 – 4 week period with a sharp sell-off projected to plunge into ~December 19th. A second ‘danger zone’ is expected to emerge in January. Larger-cap indexes are expected to peak on Dec 26/27th while smaller caps could wait until January 3/6th to complete rebounds.
The 17-Year Cycle remains focused on 4Q 2024 as the most likely time for a major peak in equities. In line with that, the DJIA is already revealing parallels to late-2007/early-2008. Cycles and timing indicators are already identifying the next likely time frames when a second sharp sell-off is likely… in early-2025 (see publications for details).
How Does December 19th Low Corroborate January 2025 Outlook?
What Would Dec 26/27th Peak in DJIA Reveal For Subsequent Weeks/Months?
How Do 2025 Cycles of Attacks and Instability Reinforce This Potential?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.