NQ-100 Attacks/Holds Resistance; DJIA Projects April 19 – 21 Peak.
04/04/22 INSIIDE Track Intra-Month Update – “Other indexes, like the Russell 2000, have not rallied as strongly… 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…
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. It also coincides with the Date of Aggression and the culmination of the first month of the Natural Year.
In key indexes, a 50% rebound in time (16 weeks down/8 weeks up) would culminate (peak) on April 18 – 22, ’22 and perpetuate a ~5.5-month (5.25 – 5.75 months or 22 – 24 weeks) high-high cycle that has timed 6 consecutive highs. It would also provide another uncanny parallel – via the 2-Year Cycle – to action and turning points (cycles) in 2016.
The weekly trends in other indexes are reinforcing that with April 15 – 22 set to be a decisive time… equities are adhering to the outlook for 2022, first peaking in early-Jan ‘22 and suffering a sharp 1 – 2 month sell-off (fulfilling the 2-Year, 8-Month, 4-Month & 2-Month Cycle analyses) before setting divergent lows in Feb & Mar ‘22. That was/is forecast to be part of a larger topping process in 2022 – with multi-month highs projected for early-Jan ’22 and Sept/Oct ’22.”
Stocks fulfilled the outlook for a decisive peak in early-Jan ’22 followed by a 2 – 3 month plunge to begin 2022. Daily & weekly cycles projected a multi-week/multi-month bottom on Feb 23/24 with the NQ-100 remaining weak and portending a divergent spike low on March 14 – 18. That is just the start of a massive shift projected for 2022 – ultimately leading to market jolts in late-2022 through late-2023.
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. The next phase of this overall topping process – and next danger period – could follow that expected peak and result in another sharp sell-off in late-April ‘22.
This stock market rebound is unfolding after Gold fulfilled analysis for an accelerated advance into early-March – with a myriad of cycles peaking this past week, on March 7 – 11. That powerfully validates War Cycles projected to begin in late-2021/early-2022 and stretch through 2025 even as it could time a 1 – 2 month peak in Gold. A subsequent high is likely on April 18/19, just before/as stock cycles peak.
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.