S+P Midcap (IDX), DJTA & Russell 2000 Fulfilling Cycles & Targets; Poised for November 25th Reversal!
11/23/24 – “Stock Indices are fulfilling the final phase of a significant topping process – forecast to usher in a trio of divergent highs, first on Oct 17/18th, then on Nov 11 – 13th and finally on Nov 22/25th.
As described since early-October, the S+P Midcap 400 was forecast to lead that overall advance and likely wait until November 22/25, 2024 to peak.
The DJIA &DJTA showed similar cycles – in particular a reinforcing ~5-week low-low-high-(high) Cycle Progression culminating on Nov 22/25th – that was described in early-November as stocks were setting intra-month lows…
Stock Indices are rallying into Nov 22/25th – the convergence of a myriad of cycles in the S+P Midcap 400 and other indexes.” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes are adhering to the October/November outlook and spiking higher into November 22/25th when the S+P Midcap & Russell 2000 portend decisive peaks as they attack major upside range-trading targets near 3400/IDX & 2460/QR. The DJTA is similar. (S+P 500 & NQ-100 are distinct.) The 17-Year Cycle also remains focused on 4Q 2024 as the most likely time for a major peak in equities.
In early-October, the S+P Midcap 400 was projected to lead an overall surge into late-November ’24 – when a more significant peak is a higher probability (though price action would need to validate). The greatest synergy of those cycles – reiterated many times in our publications – is on November 22/25th and represents the ideal time for the small and midcap indexes to set pivotal peaks.
Stocks Positive into October 17/18th, Then Late-November; S+P 400 to Lead Way Higher
Cycles and timing indicators are already identifying a pair of likely time frames when subsequent sell-offs are more likely… and when future lows are expected.
Why are S+P Midcap & Russell 2000 Likely to Peak on/around November 25, 2024?
Is Russell 2000 Range Target Signaling Déjà vu to November 2021?
How are Major Range Targets in DJTA, IDX AND RUT Projecting a Top?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.