Stock Indexes Remain on Track for Overall Rally (from late-Aug.) into Nov. 11 – 15! What Do Cycles Project for Mid-Nov. – late-Dec. ‘19?
10/12/19 INSIIDE Track Intra-Month Update: “Stock Indices rallied farther from their early-Oct. lows, turning short-term trends back up (a little sooner than expected) while reinforcing the weekly trend pattern in the Transports (and the primary indexes). That DJTA trend pattern helped pinpoint a high in mid-Sept. and projected a retest of its late-Aug. low, which was fulfilled in early-Oct.
Along with the weekly 21 MARC, that ushered in the time (beginning on Oct. 7) when Transports were more likely to see a 2 – 4 week rally that could extend into late-Oct./early-Nov. Throughout the DJTA decline, the DJIA, SP & NQ-100 maintained their bullish weekly trend structures and projected rallies back to their highs once the Transports were done selling off.
The primary indexes (DJIA, S+P 500 & NQ-100) remain focused on their next intermediate cycle (Nov. 1 – 15), when another multi-month peak is most likely. The weekly trends remain positive and continue to project a rally to new highs.
The daily trend, daily LHRs, intra-month uptrends, and a recurring ~30-degree cycle (highs on 7/15 – 16, 8/13 & 9/12) could create a new 1 – 2 week top on Oct. 14/15 and be followed by another brief sell-off (before a final rally).”
Stock indexes poised for short-term peak (~Oct. 15), as part of overall rally in DJIA, S+P 500, Nasdaq 100, NYSE – from late-Aug. low into Nov. 11 – 15. What Could Trigger Peak & Reversal Lower on Nov. 8 – 15?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.