Stock Advance Culminating? Equities Fulfilling Projected Advance into Nov. ‘19. How Does This Corroborate Outlook into June 2020?
11/12/19 INSIIDE Track Intra-Month Update: “Stock Indices have fulfilled multi-month expectations, rallying into Nov. 2019 when a multi-month peak is expected. The month of November is the perpetuation of a ~7-month cycle that has resulted in a ~7-month low (July ’17) – low (Feb. ’18) – high (Sept. ’18) – high (April ’19) – high (Nov. ’19) Cycle Progression…
They have just completed the most likely time (Nov. 5 – 12) for a multi-month peak… A peak at this time would perpetuate an 11 – 12-week low-low-low-low-(high) Cycle Progression, a 22 – 23-week low-low-(high) Cycle Progression, a 45 – 46-week low-low-low-(high) Cycle Progression and a 29-week high-high-(high) Cycle Progression…
And, equity indexes entered a 5-week period in early-Nov. when their inversely-correlated weekly 21 MARCs would surge – a factor that could soon become a negative influence (likely around mid-Nov.). That was expected to support price action for the first two weeks of Nov. and then steadily shift to becoming a neutral and then negative factor during the second half of the month.
There are also multiple proxy stocks corroborating that… For now, the indexes need daily closes below 27,395/DJIA, 3063/ESZ & 8161/NQZ to generate the first signs of a multi-week high and reversal lower.”
Stock indexes are fulfilling the latest phase of 2019 expectations – a strong advance from late-Aug. (when multi-month & multi-year cycles projected a 3 – 6 month or 6 – 12 month bottom) into Nov. 2019 – the latest phase of a ~7-month low-low-high-high-(high) Cycle Progression… that also portends an ensuing high in ~June 2020. Weekly cycles have the greatest synergy on Nov. 11 – 15.
Key (‘proxy’) stocks and leading indexes (DJTA) triggered 1 – 2 week sell signals on Nov. 5 – 9 and portend an initial drop into Nov. 21/22. However, the DJIA, S+P 500 & Nasdaq 100 remain strong and continue to rally.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.