Stock Indices Reach Extreme Levels
11/05/16 Weekly Re-Lay:
“Stock Indices remain in Danger Period #2… expected to time an overall decline from Oct. 7th into late-November. The DJIA & ESZ just turned their weekly trends down (a lagging/confirming indicator), following the lead of the NYSE…
Stock Indices are steadily shifting into a convincing decline after rolling over since mid-August, when multiple cycles projected the onset of a new sell-off. The late-Oct./early-Nov. drop is fulfilling multiple expectations…
The DJIA & S+P 500 just triggered a pair of negative signals, turning their weekly trends down AND closing below their weekly 21 Low MACs (a decisive, negative channel breakdown signal), although they did not quite turn the direction of the weekly 21 MACs down…
The weekly trend & weekly 21 MAC signals have dual significance. On a 1–3 month basis, they confirm what has been anticipated since early-Oct. – a multi-month decline is underway. On a 1–2 week basis, conversely, they often presage an initial spike low…
1–3 month & 3–6 month traders & investors should have entered Stock Index short positions at ~18,400–18,550/DJIA & ~2161–2182/ESZ and be holding these shorts. Risk/exit [reserved for subscribers only].” TRADING INVOLVES SUBSTANTIAL RISK!
Stock Indices drop to weekly HLS levels (intra-week extreme downside targets) on Nov. 4th while providing confirming (lagging) signal. Initial low & bounce should yield sharper drop in late-Nov. See Weekly Re-Lay for details.
Also, see 40-Year Cycle Reports for details on outlook from late-2016 into 2017 (and beyond).