Russell 2000 & DJTA Reinforce Latest Stock Index Buy Signals.
05/27/25 – Stock indices remain positive on a 1 – 2 month basis after fulfilling the 3 – 6 month outlook for ~20 – 30% declines into early-April – when multi-month cycles & Cycle Progressions bottomed. Stocks have since rallied with some indexes capable of retesting their all-time highs and/or stretching this advance into June ’25.
The May 24, ‘25 Weekly Re-Lay described how stock indexes had retraced to rising support levels and were ready to resume their rallies and surge to higher multi-week highs leading into late-May and ultimately into [reserved for subscribers] and an intriguing convergence of Cycle Progressions in the DJIA and other indexes…
At the same time (leading into May 23rd), the Russell 2000 dropped back to its rising daily 21 Low MAC and month-opening support while fulfilling the criterion for a right shoulder of an Inverted Head-and-Shoulders pattern. That reinforced the potential for pullback lows on May 23rd.
Though it NEEDS corroborating indicators (synergy) to validate this scenario, a daily close above ~2130/QRM would project a surge to ~xxxx/QRM, based on that indicator. Other technicals must concur.
The Russell 2000 is similar to other indexes in that a rally into [reserved for subscribers] would complete/fulfill a 50% rebound in time and also fulfill weekly Cycle Progressions. Friday’s (May 23rd) low fulfilled daily HLS & HHS targets – attacking extreme downside (short-term) targets and reinforcing the likelihood for a pullback low and the onset of a new advance.
The DJTA provided its own collection of corroborating daily & intra-week indicators, pulling back to gap support, its rising daily 21 High MAC and daily trend support while twice neutralizing its daily uptrend (pinpointing May 23rd as the ideal date for a pullback low and reversal higher) and providing precise wave symmetry as it completed a 7-day/~820-point decline and matched the 7-day/~820-point decline of April 23 – 30th – a ‘wave 4 = wave 2’ retracement on a daily trend basis.
Today’s action powerfully validated those positive daily trends, daily 21 MACs, intra-month uptrends, wave objectives & future Cycle Progressions – projecting a late-May rally that should flow into next month…
Weekly Re-Lay publications will continue to monitor & update those shorter-term trends and indicators.” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes are powerfully reinforcing analysis for surges to new all-time highs after confirming multi-month bottoms in early-April ’25 – when the culmination of 20 – 30+% plunges was forecast… and when it ultimately took hold. At the time, they fulfilled major 1 – 2-year downside price targets and related 17-Year Cycle analysis for 2025 – reinforcing that a decisive bottom was taking hold.
Their monthly trend patterns, monthly 21 MACs & MARCs, monthly (and weekly) cycles, monthly downside objectives & 6 – 12 month support levels all argue for powerful rallies that catapult key indexes up to new all-time highs in the coming months. The multi-year wave structure is arguing for the same.
Metals are corroborating as Silver (along with Platinum & Palladium) fulfilled ongoing forecasts for major lows in early-April, triggering revealing buy signals that were followed by powerful surges. Mid-May ’25 triggered another wave of bullish signals, reinforcing related analysis for new surges in the XAU & HUI (into mid-June and ultimately early-August).
What Wave Structure Projects Rallies to New All-Time Highs?
How High Should Surge From Early-April Cycle Lows Reach?
Why Does Projected Silver/White Metals’/XAU Surge Corroborate?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.