Stock Cycles Peaking: Nov. 2019 = Repeat of 7-Month Cycle; Stocks Fulfilling Projected 2 – 3 Month Advances. What’s to Follow?
11/09/19 Weekly Re-Lay: “Stock Indices have fulfilled most price and timing objectives, stemming from their early-Oct. lows and their late-Aug. lows. The DJIA reached its 27,700 primary target as the S+P 500 & Nasdaq 100 fulfilled their weekly trend objectives. This is all occurring as they approach the week with the greatest synergy of weekly & monthly cycles portending a peak – on Nov. 11 – 15.
Stock Indices have entered the most likely time (Nov. 5 – 12) for a multi-month peak, based on a powerful convergence of daily, weekly and monthly cycles. For starters, 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.
Taking it to a weekly basis, a peak between now and Nov. 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.
From a time/price indicator basis, the DJIA attacked its weekly LHR last week with the ESZ & NQZ taking an extra week to reach their corresponding levels… And, equity indexes 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.).”
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.
Key (‘proxy’) stocks and leading indexes (DJTA) have triggered 1 – 2 week sell signals and portend an initial drop into Nov. 21/22. However, the DJIA, S+P 500 & Nasdaq 100 remain strong and would not even turn neutral until [reserved for subscribers].
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.