Mid-Oct. Low in S+P, NYSE
10/18/14 Weekly Re-Lay: “Stock Indices fulfilled the potential for a sharp drop into mid-October – an intriguing, geometric (~90, ~180 & ~360-degree) cycle that projects future significance to mid-April 2015. In order to signal that any form of bottom is currently taking hold, the Indices would need to turn their daily trends back up…
The S+P was in focus this past week…It had not yet reached a weekly HLS – as the NYSE had done in late-Sept. (projecting an intermediate low by/on Oct. 17th) – but had this past week’s extreme target at 1818.25/ESZ. The S+P spiked down to 1813.0/ESZ on Oct. 15th – reaching that extreme support AND the upper end of its year-opening range (resistance turned into support) – and then rebounded…
All of these price levels corroborated the likelihood for a low in mid-October (a low that perpetuated a unique sequence of ~90-degree & ~180-degree turning points in mid-Oct. ‘13, mid-Jan., mid-April & mid-July ‘14 – and projects acute focus on mid-April 2015 – a period linked to the40-Year Cycle of War … see INSIIDE Track).”