Nasdaq Signals Initial Peak; DJIA Cycles Top on April 18 – 22.
04/02/22 Weekly Re-Lay – “Stock Indices have surged since setting divergent lows in late-Feb – mid-March, all turning up in conjunction with the onset of Natural Year 2022/23 (beginning on March 20, with the Vernal Equinox). Coinciding with that, many stocks and indexes pulled back into March 23/24 – setting higher lows while fulfilling various cycles that converged at that time – and then moved higher.
During the past week, the NQ-100 reached a couple key ‘milestones’, turning its weekly trend up on April 1 after rallying 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).
The Nasdaq 100 had dropped in 5 waves – from its Nov ’21 peak to its Mar ’22 low – with the wave 4 bounce occurring on Jan 24 – Feb 2. The high of that wave ‘4’ rally – immediately preceding the wave ‘5’ decline into mid-March – becomes the primary upside objective and pivotal resistance for a subsequent advance (after the wave ‘5’ low).
It also coincided with weekly resistance (15,238/NQM) and daily extremes, setting the stage for an initial peak. Since the weekly trend turned up, it shows that the NQ-100 should soon rally to new (recent) highs but was likely to see a brief pullback first. The test of all that resistance corroborated that conclusion and ushered in a late-week sell-off.
Based on most other indexes, that should soon lead to a new rally – expected to last into April 11 – 22, the next phase of a consistent 14 – 15 week low-low-low-high Cycle Progression… The weekly trends in other indexes are reinforcing that with April 15 – 22 set to be a decisive time…”
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.