NQ-100 Sets 1 – 2-Month Low; Projects Rally into August ???
07-31-26 – “Stock Indices continue to trace out a multi-month peak after fulfilling the projected highs for the latest rally and fulfilling initial sell-offs. The late-June/early-July ’26 highs fulfilled multi-month & multi-year upside targets & Cycle Progressions but need downside validation.
The NQ-100 fulfilled a multi-month upside range target (~31,000/NQU) while fulfilling its ongoing ~8-month/33 – 36-week Cycle Progression and setting its highest weekly close on June 18, 2026 – 33 weeks from the late-Oct ’25 peak.
That completed a 50% rebound in time – dropping for 22 weeks and rallying for 11 weeks and projected a sharp decline to follow.
Soon after that occurred, the DJIA also reached its multi-year upside range target near 53,000/DJIA and peaked in line with a myriad of weekly & monthly Cycle Progressions and technical indicators (see inset on page 5)…
That overlapped a developing sell-off in the NQ-100 that was presaged by many tech/AI stocks peaking in May/June ’26 and triggering multi-week/1 – 2-month sell signals.
Revealing ‘proxy’ stocks like NVDA fulfilled multi-month Cycle Progressions in mid-May and triggered 1 – 2-month sell signals following them. That fulfilled a 28 – 29-week low (April ‘25) – high (Oct ’25) – (high; May 11 – 22, ’26) Cycle Progression while completing a textbook weekly LHR sequence, helping to pinpoint the mid-May ’26 peak.
The Countdown Begins
All of that led to declines – of various magnitude – leading into this week. At the same time, multiple indicators increased the likelihood for a quick, sharp spike low this week – followed by a rally into the first half of August. (Daily Cycle Progressions are honing the timing for a likely peak.)
Those indicators included the weekly trend & 21 MAC signals in the NQ-100, which are often triggered just before an initial spike low (and reactive rebound) takes hold. The greatest focus was on July 29th (+ or – 1 trading day) for a low… that would also fulfill a ~4-month low-low-(low) Cycle Progression that already includes significant bottoms in late-Nov ’25 & late-March ’26.
Those indicators portend a reactive 1 – 3-week rally – from that initial low – in preparation for a more significant decline to follow. The action of the next two weeks should help clarify specific timing.
3 – 6 month & 6 – 12-month traders and investors initially lightened up on long positions in Jan/Feb ’26 – in anticipation of a 1Q ‘26 sell-off. That was fulfilled on March 30, ’26 and the ensuing rally took many indexes back to/above their highs.
These same traders were signaled to again lighten up on long positions – in a little more aggressive manner – in late-June/early-July ’26. That remains the prevailing strategy.” TRADING INVOLVES SUBSTANTIAL RISK!
The NQ-100 peaked in June ‘26 – in lockstep with what was described in 1Q ’26 – and triggered reinforcing sell signals that projected an overall decline to multi-month support at ~27,400/NQ. The past week was the ideal time for a low at or near that primary downside objective… and the onset of a reactive 2 – 3-week rally into mid-August ’26. The NQ-100 attacked ~27,400 on July 29th – precisely fulfilling that analysis.
This decline is ‘casting shadows ahead’ to September ’26… and then an even more decisive period in 4Q ‘26!
On an intra-year basis, Stock Indexes surged from a powerful convergence of daily, weekly & monthly Cycle Progressions and timing indicators that projected (well in advance) a multi-month bottom on March 30, ’26. That set the stage for the remainder of 2026 and provided some revealing clues for 2Q – 4Q 2026 – including the likely timing of a future multi-month low. As described in late-March ’26:
3-30-26 – “Stock Indices are fulfilling the outlook for a large sell-off in March ’26… They have stretched their declines into the late-March/early-April ’26 time frame – the ideal ~2-week period for a 1 – 2 month low to take hold… A low on March 30 – April 3, ’26 would also fulfill a ~51-week low (Apr 24 – 28 ’23) – low (Apr 15 – 19, ’24) – low (Apr 7 – 11, ’25) – (low; March 30 – April 2, ’26) Cycle Progression.
All things (timing indicators) considered, March 30th is the ideal date for an intermediate low…
The DJTA (Transportation Average) is reinforcing this… it turned its daily trend up… portending a quick, reactive 2 – 3 day pullback before a larger rally. The 3rd day of that reactive 2 – 3-day pullback is today – March 30th. It has not even neutralized its daily uptrend, reinforcing the potential for a secondary low and the onset of a larger advance.”
How Does Late-July NQ Low Reinforce September ’26 Cycles?
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.