Stock Indexes Plunging Toward Major Downside Targets; DJIA Projects Low Near 45,000!
03-12-26 – “Stock indices fulfilled the latest phase of projected declines, with the S+P 500 testing and initially holding pivotal support at 6636 – 6650/ESM, where the Nov ’25 low and the current week’s LLS (often hit in the week after an HLS is hit) converged. It initially bottomed at 6631.5/ESM and then bounced to its declining daily 21 Low MAC – a textbook pattern.
More significant support is at 6419 – 6456/ESM and coincides with corresponding levels in the DJIA, NQ-100, and other indexes.
This overall decline could still see additional new lows in the near term. The test of the weekly HLS in the S+P 500 (on March 6th) portends an impending low in the 1 – 2 weeks that follow… aligning with diverse Cycle Progressions.
Reinforcing evolving bearishness, the S+P 500 & DJIA joined the NQ-100 in closing below its weekly 21 Low MAC on March 6th. The S+P 500 needed to drop below 6680/ESM (this week) in order to turn the 21 Low MAC direction down. It did that on March 9th…
On a broader basis, the DJIA has set multi-month lows every 25 – 26 weeks since Oct ’23 and has an overlapping 52-week low-low-(low; April 3 – 10, ’26) Cycle Progression that both recur in April ’26. That is when a larger-magnitude low could take hold. The DJIA has reached 2 – 4-week downside targets but maintains a 1 – 2 month target near 45,000/DJIA…” TRADING INVOLVES SUBSTANTIAL RISK!
Stock Indexes are validating multi-month cycle highs (and sell signals) on Feb 11 – 13th. The S+P 500 led the latest reversal and generated an additional sell signal on Feb 25th, projecting an initial sharp decline into March 9 – 13, ’26 … as part of the overall outlook for February – July ’26. (Watch mid-2026 for related Analysis.)
The next (expected) stage is for another sharp drop into late-March/early-April ’26… before a larger rebound – with the S+P targeted to reach 6419/ESM as the NQ-100 remains on target for a multi-month drop to ~23,200/NQ.
The outlook for a powerful surge in energy prices (and GSCI) in 1Q ’26 coincides with that as inflation markets continue to portend trouble in 2026, potentially stretching into 2027. An oil price rally into March 13/16th would corroborate that and was reinforced by mid-Jan buy signals & subsequent action. Unleaded Gas projects an overall advance into the week of March 30 – April 2, ’26.
What Would Late-March/Early-April Stock Cycle Lows Reveal About 2026?
How are Bullish Oil/Energy Cycles Reinforcing Outlook for Jan ’26 – April ’27?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.