NQ-100 Validating Recent Low; DJIA Projects April 19 – 21 Peak.
03/23/22 INSIIDE Track Stock Index Update – “Stock Indices surged since setting divergent lows in successive weeks (March 8 & 15) with the leading/stronger DJTA setting higher lows while the lagging/weaker NQ-100 set lower lows and fulfilled its intra-month downtrend (with a mid-month low). As soon as the NQ-100 had fulfilled downside targets, it allowed all the other indices to accelerate their developing uptrends in the second half of March ‘22… in the inverse of the roller-coaster analogy.
That spurred a quick rally into March 22 – fulfilling a short-term 7-day low-low-high Cycle Progression while also fulfilling daily trend and intra-month trend expectations for an initial high in the opening days of this week. That could spur a pullback to test the early-month highs (resistance turned into support for the intra-month uptrends) and then a rally into early-April – when short-term cycles next peak.
As long as they do not give daily closes below their March 1 – 3 highs, the intra-month uptrends should supply another round of upward pressure into month-end (that would likely stretch into April 4/5). Just as the indexes did during most months in May – Dec ’21, they have set intra-month highs in the first 1 – 3 trading days of each month in 2022. (The S+P 500 is a perfect example of this, setting intermediate highs on Jan 4, Feb 2 & Mar 3.)
That ~30-day/~1-month cycle could repeat in April while also providing an intervening 14 – 15 day high-low-low-high-(high) Cycle Sequence that timed the March 22 high and projects future highs on April 5/6 and April 19 – 21 – precisely when weekly cycles have been projecting the next intermediate peak.
All of this action reinforces the outlook for most stocks and indexes to hold Feb 23/24 & March 8 lows and move progressively higher into April 11 – 22, the next phase of a consistent 14 – 15 week low-low-low-high Cycle Progression. In the case of the DJTA, a 50% rebound in time (16 weeks down/8 weeks up) would also 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 intermediate peaks.”
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 ‘in the middle half of April’ 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.