NYSE Triggers Sell Signal; Portends New Decline From July 29 into Aug. 2/5. Danger Period Imminent! Aug. ’19 Could Mimic Aug. 2015.
07/24/19 Weekly Re-Lay Alert – “Stock Indices have consolidated since rallying into mid-month. Following that peak, the indexes corrected – neutralizing their daily uptrends multiple times but failing to reverse them down (except for the NYA). That projected a rally back to the highs before an intermediate correction would be possible.
Daily trends are again combining with daily cycles to help pinpoint short-term turning points. That is most notable in the NYSE Index. The NYA turned its daily trend down on July 22, a signal that normally triggers a 2 – 3 day reactive bounce.
That was corroborated by the daily trend patterns in the other indexes. The only difference is that those indexes projected rallies back to/above their recent highs. If the NYA fulfills this, it should set a secondary high around July 24/25. That is corroborated by short-term daily cycles…
A 7 – 8 trading day low-low-high-high-high-high Cycle Progression portends another 1 – 2 week high on July 24/25 (the corresponding 12-day high-high-high-(high) Cycle Progression pinpoints July 26). It just neutralized its new daily downtrend on today’s close, so a peak on July 25/26 is now more likely, based on that indicator.
From a little broader perspective, stocks are nearing the time (based on 4-year, 2-year, monthly & weekly cycles) when a significant correction has been forecast. These cycles project a multi-month low in late-Aug. (possibly stretching into Sept. ’19 in some indexes) with the majority of selling likely in the weeks immediately preceding that cycle low (similar to Dec. ’18 and closely related to the sell-off of Aug. 2015).
In 2015, equities acted similarly with several key stocks and indices peaking in May ’15 (as some have down in May ’19), followed by a sequence of highs set in other stocks and indexes. In some cases, final highs did not arrive until early-Aug. ’15. The same has been true in May – Aug. ’19. Will Aug. ’19 act even close to what was seen in Aug. ’15?”
NYSE pinpoints July 29 – Aug. 2/5 sell-off, corroborating July 11/12 NFLX sell signal (‘canary in coal mine’) & mid-July DJIA cycle peak. DJ Industrials reinforce projected sell-off from mid-July into Aug. 19 – 30 (daily cycles should hone this to more specific dates). 40-Year Cycle & 4-Year Cycle project increasing trouble in/around Aug. ‘19… with a Aug. ’15-style sell-off becoming increasingly more likely! Why could August ’19 look like Aug. 15?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.