Mid-Aug.–late-Sept. Drop Expected
08/10/16 Weekly Re-Lay Alert:
“Stock Indices are moving through the first of two vulnerable periods in the second half of 2016. This first period coincides with the latest phase of the ubiquitous 32–33 Week Cycle – on August 1–12th.
August 1–12th is also the culmination of an overriding, ~66-Week low (Nov. ’12)–low (Feb. ’14)–high (Apr/May ’15)–high (early-Aug. ’16) Cycle Progression.
So, not only is the 32–33 Week Cycle in the process of rolling over to the downside – as it did in Sept. ’14, May ’15 & Dec. ’15 – so too is the ~66-Week Cycle. This increased synergy heightens the focus on this cycle and the ramifications expected from it (in mid-August–late-Sept…. and potentially beyond).
Price action is validating these cycles as all the Indices surged to their 2–4 week upside targets – at 18,600–18,700/DJIA, ~2175.5/ESU & ~4700/NQU – triggered when they fulfilled analysis for a multi-month low in late-June (that projects a future low in late-Nov.) and held key support levels.
The DJTA’s weekly trend indicator & 21 MARC are corroborating the potential for a reversal lower…making a reversal lower in the corresponding weekly 21 MAC more likely.… [See complete 8/10/16 Weekly Re-Lay for expanded analysis on the impending ‘Danger Period’ in the stock market, projecting an initial drop from mid-August into late-September… immediately following the completion of this latest 32–33 Week AND 66-Week Cycle. A second, more convincing, drop is expected to follow that – during a DECISIVE period in 4Q 2016! Find out more details in the Weekly Re-Lay & INSIIDE Track.]