DJIA/Stock Market Rebound: NQ-100 Produces Divergent Low; Rally into Late-March Likely.
03/19/22 Weekly Re-Lay – “Stock indices remain above their Feb 23/24 lows, with the DJTA triggering successive buy signals and leading the other indexes higher. The NQ-100 finally bottomed out, spiking to a slight new low in the same week that many stocks bottomed in 2020 – two years ago (2-Year Cycle). Most indexes have turned their daily & intra-month trends up, confirming intermediate lows…
Stock Indices surged throughout most of the past week after setting divergent lows in successive weeks (March 8 & 15) with the leading/stronger DJTA setting higher lows while the lagging/weaker NQ-100 set lower lows. As soon as the NQ-100 had fulfilled downside targets, it allowed all the other indices to accelerate their developing uptrends… in the inverse of the roller-coaster analogy.
Equities are steadily reinforcing the significance of the Feb 23/24 lows – a low that was expected to be the ‘b’ or ‘2’ wave low and usher in a more significant and substantial ‘c’ or ‘3’ wave advance – the most dynamic wave in an overall structure.
The DJTA has continued to lead this, providing multiple new bullish signals on March 15 when it closed back above its daily 21 High MAC on the same day it turned the direction of that 21 High MAC up.
This came after the DJTA went through a textbook sequence of daily trend signals since its Feb 24 spike low. The sequence gave its most convincing signal when the DJTA re-entered its daily uptrend on March 9 and projected an accelerated advance.
Even more important, the DJTA dropped right to its rising monthly 21 High MAC in Feb ‘22 (14,200), testing & holding monthly trend support and decisive 4th wave of lesser degree support while never turning its weekly trend down. It has since rallied back to its intra-year high but needs a weekly close above 16,622/DJTA to turn the intra-year trend up.
Meanwhile, the NQ-100 spiked to its lowest low since May ’21 on March 15 – 2 years from the same week in which many stocks bottomed in March ‘20. In doing so, it fulfilled a 38 – 40 day low (Oct 12) – high (Nov 19) – high (Dec 27) – high (Feb 2) – low (March 14) Cycle Progression and then reversed higher on March 15 – fulfilling its intra-month trend.
This reinforces the outlook for most stocks and indexes to hold Feb 23/24 & March 8 lows and move progressively higher into April 11 – 22, the next phase of a consistent 14 – 15 week low-low-low-high Cycle Progression… a 50% rebound in time (16 weeks down/8 weeks up) would also culminate (peak) on April 18 – 22, ’22 and perpetuate a ~5.5-month (5.25 – 5.75 months or 22 – 24 weeks) high-high cycle that has timed 6 consecutive intermediate peaks.
Stocks set divergent lows at mid-month, the last low needed before a substantial advance could take hold. They finished the week by turning the intra-month trends up, the latest confirmation to their developing uptrends. An initial high could be seen in the coming days but the intra-month uptrends should supply upward pressure into month-end.”
Stocks fulfilled the outlook for a decisive peak in early-Jan ’22 followed by a 2 – 3 month plunge to begin 2022. Daily & weekly cycles projected a multi-week/multi-month bottom on Feb 23/24 with the NQ-100 remaining weak and portending a divergent spike low on March 14 – 18. That is just the start of a massive shift projected for 2022 – ultimately leading to market jolts in late-2022 through late-2023.
This stock market rebound is unfolding after Gold fulfilled analysis for an overall advance from late-Sept into early-March – with a myriad of cycles peaking on March 7 – 11. That also powerfully validates War Cycles projected to begin in late-2021/early-2022 and stretch through 2025.
How Does This Impact 10, 20 & 40-Year Stock Cycles Colliding in 2022?
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