NQ-100 Targeting ~27,400/NQ For Low; July ‘26 Sell-off Cast Shadows Ahead.
07-22-26 – “Stock indices are in a precarious period after fulfilling the projected peaks for this overall rally and triggering initial sell signals. The late-June ’26 highs – in many indexes – fulfilled multi-month & multi-year upside targets & Cycle Progressions – and are awaiting downside validation.
One example is evident in the S+P Midcap 400 (IDX), which fulfilled a ~7.5-month/~32-week low-low-low-low-(high; June 29 – July 2, ’26) Cycle Progression when it spiked higher into June 30th and set its highest high & close… creating the ideal scenario for a multi-week sell-off to follow.
That simultaneously fulfilled a related (midpoint) ~3.75-month/~16-week low-low-low-low-low-low-low-(
However, it has failed to turn its daily trend down, leaving open the possibility for a retest of the late-June high before a more sustained decline takes hold.
The S+P 500 & NQ-100 remain in negative daily trend patterns with the DJIA recently joined them while turning its daily AND intra-month trends down and closing below the flattening daily 21 Low MAC.
The DJIA fulfilled the first of a pair of daily Cycle Progressions (and related timing indicators) in late-July… That low also fulfilled a ~6-week, 40 – 42-day low (March 20) – low (April 29) – low (June 10) – (low; July 20 – 22, ’26) Cycle Progression… The second is prominent in many indexes and comes into play on July 27th” TRADING INVOLVES SUBSTANTIAL RISK!
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.”
The NQ-100 peaked in June ‘26 – in lockstep with what was described in 1Q ’26 – and triggered reinforcing sell signals that project an overall decline to multi-month support at ~27,400/NQ. This decline should pave the way for September ’26… and then 4Q ’26!
How is July Sell-off Related to September ’26 Cycles?
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.