Stock Cycles Peaking: Nov. 11 – 15 = Most Likely Time for Multi-Month Peak; Why/How Could ‘Danger Period’ Follow?
11/06/19 Weekly Re-Lay Alert: “Stock Indices are fulfilling multi-month expectations, rallying into Nov. 2019 when a multi-month peak is expected. On a larger-scale basis, 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. The ideal time for a peak is Nov. 5 – 12, based on a diverse array of timing indicators…
On a weekly basis, a peak on Nov. 1 – 15 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.
That peak would be expected to hold (at least) through year-end and trigger at least a 2 – 4 week sell-off.
Reinforcing this scenario, the DJIA attacked its weekly LHR last week. That was needed to demonstrate the DJIA was nearing an extreme on the upside and could spike as high as ~27,700 – in the coming days – while forming a multi-month peak.
The weekly LHR indicator ushered in the 1 – 3 week period (now) when a multi-month high is most likely. At the same time, the S+P 500 & Nasdaq 100 fulfilled their weekly trend patterns, completing another component needed for a developing peak (soon).
So, several indicators are showing a waning of the current bull market. Other indicators concur…
Equity indexes have just entered a 5-week period when their inversely-correlated weekly 21 MARCs will surge – a factor that could soon become a negative influence (likely around mid-Nov.)…
However, there is much more that is needed to signal any sort of sustainable peak. (Until then, the uptrends remain in force.)
The first sign of a multi-week top would be [reserved for subscribers]…”
Stock indexes are nearing upside targets that would help signal completion of the projected ~2.5-month advance from late-Aug. into Nov. 11 – 15. Those targets are likely to be tested by/on Nov. 8/11 and would then usher in the ideal setup for a subsequent peak and reversal lower in the days that follow. What key signals would trigger a new sell-off?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.