Is Energy/Equity Connection Projecting Bearish 4Q 2018?
Is Energy/Equity Connection Projecting Bearish 4Q 2018?
10/06/18 Weekly Re-Lay: “Crude rallied to new highs and is trying to peak… Energy markets re-entered their uptrends sooner than expected, allowing Crude to re-attack the 2018 primary upside target that extends up to 77.30/CL. It has since pulled back but needs a daily close below 72.77/CLZ to signal that a multi-week top is in place.”
The potential for (and realization of) an October plunge in equity markets is weighing on energy markets immediately after Crude fulfilled multi-month & multi-year cycles that project a 3 – 6 month (or longer) peak in/around Sept. 2018 (coinciding with Middle East cycles that project a major shift surrounding late-Sept. ’18).
October 2018 is signaling serious trouble for both Energy & Equity markets – in precise lockstep with cycles and analysis that have been discussed since 2017.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.