Nasdaq Confirming Intermediate Peak; DJIA Cycles Top on April 18 – 22.
04/06/22 Weekly Re-Lay Alert – “Stock Indices remain on track… with the DJIA projecting a rally from Feb 23/24 into April 15 – 22.
That would complete the first month of Natural Year 2022/23, take stocks into the often-significant Date of Aggression (April 19/20), fulfill a ~15-week low-low-low-high-(high) Cycle Progression in the DJIA, and perpetuate the parallels to 2016 – via the 2-Year Cycle.
As has been the case for a few years, most of these primary turning points are divergent ones – with some stocks and indices setting higher highs (or lower lows) as others diverge and set lower highs (or higher lows).
While the DJIA has its greatest synergy of cycles converging on April 15 – 22, the Nasdaq 100 is trading on a different rhythm… On March 29 – April 1, the NQ-100 reached a couple key ‘milestones’ that signaled an initial peak, turning its weekly trend up (a lagging indicator that often times the peak of an initial rally) after surging right to its 4th wave of lesser degree resistance (the Feb 2 high at 15,261/NQM and the primary objective for an initial surge) and range-trading target (~13,100 – ~14,200 – 15,300/NQM).
At the time, it also coincided with weekly resistance (15,238/NQM), the weekly PLLR (another form of range-trading target), and daily extremes, setting the stage for an initial, 1 – 3 week peak… Until the daily trends turn down, the 2 – 4 week trend is positive and maintains the potential to spur another rally into April 15 – 22 and back to (at least) the recent highs.”
Stocks fulfilled the outlook for a decisive peak in early-Jan ’22 followed by a 2 – 3 month plunge to begin 2022. Divergent lows were set on Feb 23/24 and March 16 – 18, in sync with corresponding cycles. 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 and projecting a subsequent peak on April 18/19 (similar to when DJIA cycles peak).
That also powerfully validates War Cycles projected to begin in late-2021/early-2022 and stretch through 2025. The next decisive time for stocks should arrive on/around the Date of Aggression – April 19/20, ’22. That is also when an unrelated convergence of daily & weekly cycles align.
How Does This Impact 10, 20 & 40-Year Stock Cycles Colliding in 2022?
Could Date of Aggression Usher in Precarious Time for Stocks?
How Do Gold Cycles (Peaking on April 18/19) Fit Into Equation??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.