Stock Market Alert: Stocks Completing Projected Rally into Nov. 11 – 15; Perpetuating ~7-Month Cycle & Poised to Enter ‘Danger Period’ Before Mid-Month.
11/02/19 Weekly Re-Lay: “Stock Indices have fulfilled their weekly trend patterns (except for the DJIA), rallying back to their July ’19 highs as they entered a ~two-week period when a 1 – 2 month (minimum) peak is expected.
Additional upside is still likely, before a top takes hold, but the intra-month trend structure could help clarify how soon those peaks are more likely to be set…
Stock Indices are fulfilling multi-month expectations, rallying into Nov. 2019 when a multi-month peak is expected. On a larger-scale basis, 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.
On a weekly basis, a peak on Nov. 1 – 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. That peak would be expected to hold (at least) through year-end…
Reinforcing this scenario, the DJIA did attack its weekly LHR this past week (although it closed a little above it). That was needed to demonstrate the DJIA was reaching an extreme on the upside – although its ultimate, intermediate peak could stretch as high as ~27,700 – and that a multi-month peak should take hold in the week(s) that follow.
In addition, the ESZ & NQZ set new highs and fulfilled their weekly trend patterns, fulfilling another key component needed for a developing peak. Equity indexes have also just 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 completing the projected ~2.5-month advance (from late-Aug.) into Nov. 11 – 15 – the ideal time (most synergy of cycles & timing indicators) for the next multi-month peak. Decisive upside price targets are corroborating this outlook and likely to be tested by Nov. 8/11. How are interest rates corroborating this outlook?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.