‘Largest Rallies of 2022’ Forecast; Stock Market Buy Signals Confirmed.
07/23/22 Weekly Re-Lay – “Stock Indices are confirming expectations for a multi-month bottom on June 13 – 21 – when several indexes spiked to 6 – 12 month downside targets and fulfilled almost all of the downside potential – in price and time – for the first 7 – 9 months of 2022.
In mid-June ‘22, the NQ-100 fulfilled weekly Cycle Progressions and Sequences while completing successive 11-week declines. It also fulfilled a reinforcing daily Cycle Progression at its June 16 low and again at its July 13/14 secondary low (projecting future focus to Aug. 9 – 11.)
The June 30 ’22 monthly closes concurred – signaling that a multi-month bottom was taking hold and a 1 – 3 month reactive rally was imminent. From there, stock indices were/are expected to experience their largest rallies of 2022…
Stock Indexes were projected to enter a bullish 1 – 2 week period on July 14, based on daily 21 MAC/ MARC structure, intra-month trend set-up, and corroborating daily cycle lows. On the July 13 close, they triggered a pair of buy signals for the following trading session, entered on July 14.
Since then, they have rallied as the first phase of this expected advance…
1 – 4 week & 1 – 2 month traders could have entered long positions in stock indexes during the first half of July 14 (based on July 13 published strategy) as the indexes retested their early-July lows. Futures traders could have entered indexes with the same approach (entering longs down to July 1/5 lows – 3745/ESU & 11,381/NQU).
Risk (exit on) [reserved for subscribers]”
Stock indexes are reinforcing July 14 buy signals – the first pair like this in 2022. They project an initial 3 – 4 week advance and a larger overall advance. This intensifies focus on Sept ’22 and what could be the most decisive time of this year. However, there are two critical cycles before then!
On a broader basis, stocks powerfully fulfilled projections for a decisive peak in early-Jan ’22 followed by a multi-month plunge in the first half of 2022. An overall 4 – 5 month decline was/is expected between that Jan ’22 cycle peak and the next (Sept/Oct ’22) cycle peak… ideally bottoming on June 13 – 21! That is when stocks bottomed and produced their first reversal signal. July 14 produced the next.
How Do the July 14 Buy Signals Corroborate 3Q ’22 Outlook?
Why is Sept ’22 Such a Decisive Period in the 2022/2023 Outlook??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.