Stock Indices Culminating Bearish Cycles

09/12/15 Weekly Re-Lay: “Stock Indices are in the final weeks of what had been expected to be a bearish period between late-April–late-Sept./early-Oct.  Already, several Indices & noteworthy stocks have fulfilled the potential for 20+% losses in this time period… ushering in some initial consolidation.

…The accelerated drop on Aug. 18–24^th fulfilled several weeks worth of downside potential and ushered in an uncertain period, after extreme downside targets had been reached.   

At the time, the DJIA came within 30 points – or 0.2% – of its 2014 low.  Since then, the Indices have vacillated in a range, with decisive resistance (that has not yet been tested) around 17,050/DJIA & 2020/ESZ.  It is very common for the first test of a pivotal support level to hold and spur a sizeable rebound…That is corroborated by intermediate cycles… 

The most convincing is a ~60-degree cycle that also comes into play in mid-Sept… that argues for an intervening peak.  It is a ~60-degree low (mid-Jan.)–low (mid-Mar.)–high (mid-May)–high (mid-July)–high (mid-Sept.) Cycle Progression… 

That is in tune with the midpoint of the latest intermediate peaks – on July 20^th & Aug. 28^th – that comes into play on Sept. 16^th/17^th.  Since the intra-month trend has turned up in the NQZ, that clarifies expectations for that time period & increases the potential for a rally into mid-Sept.”