S+P 500 Projects Sharp Selling into Nov 4 – 6, ’26 Cycle Progression Lows; NQ-100 Concurs.
10-24-26 – “Stock indexes remain divergent with the DJIA rallying right to multi-week upside targets – after fulfilling downside projections in late-Sept ’26 – as the NQ-100 continued to drop from its early-Oct ’26 cycle peak. The first week of Nov ’26 provides a cyclically-significant time in most indexes…
Stock Indices continue their divergent ways with the DJIA rallying after fulfilling downside projections in late-Sept ’26 and the corresponding outlook for a 1 – 2-month low. At the time, the DJIA dropped right to its early-2026 peak (~50,500/DJIA) – a form of resistance turned into support & intra-year range support – and held.
It was projected to see a rebound to ~52,400 – 52,950 in October, rebounding 50% (52,645) while testing a pair of weekly LHRs (52,436 & 52,984), monthly resistance (52,750), the weekly 21 High MAC (52,854), and a host of daily resistance & targets. The DJIA spiked up to 52,927 and quickly reversed lower, validating the significance of that resistance zone.
Meanwhile, the NQ-100 spiked to a new all-time high in early-Oct ’26 – while fulfilling its weekly trend pattern & completing its third consecutive ~6.5-month (27 – 29-week) advance – ushering in the time for a new decline. It was not alone…
The S+P 500, NQ-100, the Russell 2000 & the S+P Midcap 400 set multi-week highs on Oct 6, ’26 – the 4th trading day of the new month, fulfilling a geometric ~1-month/~30-degree high (May 7) – high (June 4) – high (July 7) – high (August 5) – high (Sept 3/4) – (high; Oct 5 – 7, ’26) Cycle Sequence that has timed multi-week highs on the 3rd – 5th trading day of successive months.
Stock indices spiked lower to begin the week, then gave 2 – 3-day reactive bounces, and then resumed their declines into the final day of a ~5-week/34 – 38-day (24 – 26 trading-day) high-high-high-high-low (Sept 16) – (low; Oct 19 – 23, ’26) Cycle Progression. That could spur an early-week bounce if recent lows hold.
There is, however, greater synergy of daily & weekly Cycle Progressions converging on Nov 4 – 6th that demands heightened attention. In the S+P 500 (and other indexes) a low on Nov 4 – 6th would arrive at the midpoint of a ~2-month/~9-week low-high-high-high Cycle Progression that could produce a future high on Dec 7 – 9, ’26.
It would also fulfill a ~7-week/~49-day low-low-low-(low) Cycle Progression and a shorter-term 11 trading-day high-high-high-high-(low; Nov 5, ’26) Cycle Progression. It would also represent an inversion of the ~1-month high-high Cycle Sequence that timed early-Oct ’26 highs in many of the indexes.” TRADING INVOLVES SUBSTANTIAL RISK!
The S+P 500 & NQ-100 peaked in early-Oct ’26 (along with Russell 2000) while spiking to new all-time highs and fulfilling early-October ‘26 Cycle Progressions (portending multi-month peaks). Related sell signals projected a multi-week, sharp decline into Nov 4 – 6, ’26 – when a pivotal low is expected.
The NQ-100 has critical support at ~29,000 – 29,400/NQZ that should help determine when this decline would shift into a higher-magnitude decline in sync with multi-month Cycle Progressions. The NQ-100 set a double top at the midpoint of its ~8-month/32 – 36-week Cycle Progression in early-Oct ‘26, projecting at least a 1 – 2-month decline to follow.
The DJIA is divergent and bottomed in late-Sept ’26, signaling a multi-month low. A secondary high is most likely in early-Nov ’26. The weekly trends should provide additional clues regarding what to expect throughout 4Q 2026.
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See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.