Russell 2K Joins S+P 500 & NQ-100; Projects Pullback Followed by New Highs.
05-02-26 – “Stock Indices surged into late-April, fulfilling many multi-week timing indicators while reinforcing other multi-month ones. One of the key indicators is the weekly trend, which is (at least for now) providing some divergent signals.
The S+P 500 & NQ-100 turned their weekly trends back up during the April rally. The Russell 2000 just joined them. On the surface, that reveals key expectations for the ensuing action…
In the case of those indexes, it shows that their next decline could be more corrective in nature – dropping significantly but not enough to violate the March 30, ’26 lows.
If that is the case AND if they do not turn their weekly trends back down during that decline, they would likely rally to new highs into July ’26. That would fit perfectly with the ~8-Month Cycle Progression in the NQ-100 – which continues to project the next multi-month peak for July ’26…
The DJIA has some other factors that continue to be monitored closely. By setting a low on March 30, ‘26, the DJIA fulfilled a geometric, ~6-month/~180-degree low-low cycle and projected a future low for late-Sept/early-Oct ‘26.
A low in Oct ‘26 would also fulfill a related 18-month low (Oct ‘23) – low (April ‘25) – (low; Oct ‘26) Cycle Progression. If the DJIA peaks at or below its Feb ‘26 high (it is currently below it), and begins a new decline, it would increase the potential for [reserved for subscribers]…
Stock indices surged from the March 30th lows, reinforcing that as a likely multi-month bottom. They would need to turn their new intra-month trends down (daily close below the May 1st – 5th trading range – after May 5th) to signal a top…
Crude Oil, Unleaded Gas & Heating Oil resumed their rallies after correcting into mid-April ’26. Like several other markets, the energy complex powerfully validated the ‘opening range’ of the new Natural Year (from March 20 – April 19th) – entering a new and potentially more dangerous advance in sync with the April 19th Date of Aggression (and with US/Iran tensions spiking on April 18/19th).
On a broader basis, Unleaded Gas has a consistent ~4-year cycle that timed peaks (at least 6 – 12 months & often 1 – 2 years in duration) in May – July 2006, 2010, 2014, 2018 & 2022… projecting a similar peak in May – July 2026.” TRADING INVOLVES SUBSTANTIAL RISK!
Stock Indexes have surged from a powerful convergence of daily, weekly & monthly Cycle Progressions and timing indicators on March 30, ’26. Many indexes fulfilled major downside price objectives at their late-March ’26 lows – setting decisive lows that could hold for many months.
That ushered in a multi-month bottom in sync with an uncanny geometric cycle in the DJIA (Oct ’26 is next phase) and the textbook scenario for the ~8-Month Cycle Progression in the NQ-100. The NQ-100 projected a 2 – 3-month surge to follow. 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 outlook for a powerful surge in energy prices (and GSCI) in 1Q ’26 coincided with that as inflation markets continue to portend trouble in the first half of 2026. That was reinforced by mid-Jan buy signals & subsequent action in Crude & the products. Unleaded Gas should stretch a more significant peak into at least May ’26 – when broader monthly Cycle Progressions peak. However, oil stocks may have already set multi-month peaks while fulfilling a myriad of Cycle Progressions in late-March ‘26.
What Does Equity/Energy Connection Bode for May/June ’26?
…And What About October 2026??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.