Stock Market Bottom: DJIA & NQ-100 Fulfill 6 – 12 Month Downside Targets!

06/22/22 Weekly Re-Lay Alert – “Stock Indices are attempting to bounce after plunging into mid-month while fulfilling their daily & intra-month downtrends as well as 2-Year Cycle parallels.  This decline has allowed the three primary indexes (DJIA, S+P 500 and NQ-100) to reach or near 6 – 12 month downside targets.

The DJIA attacked its most important level of resistance turned into support – the level of the Feb ’20 and Aug ’20 peaks at 29,200 – 29,600/DJIA – as the S+P 500 nears 3,600/SPX.  At 3560 – 3610, the S+P tests its yearly HLS, matches the magnitude of its Feb/Mar ’20 plunge, and tests its Aug ’20 high – key resistance turned into support.

Meanwhile, the NQ-100 reached a myriad of downside targets and support zones at 10,700 – 11,100 – including its yearly HLS, a 50% retracement of its Dec ’18 – Nov ’21 advance, a test of the Sept/Oct ’20 lows – a type of 4th wave of lesser degree support – and multi-year range-trading support.”

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Stock indexes are validating the potential for a mid-June low and the onset of a multi-month advance.  They reached 6 – 12 month downside targets – fulfilling the overwhelming majority of downside potential for the first 9 months of 2022.  Focus is slowly shifting to Sept ’22 and what could be the most decisive time of this year.

On a broader basis, stocks powerfully fulfilled projections for a decisive peak in early-Jan ’22 followed by a multi-month plunge to begin 2022.  That is just the start of a massive shift projected for 2022 – ultimately leading to market jolts in late-2022 through late-2023.  An overall 4 – 5 month decline was/is expected between that Jan ’22 cycle peak and the next (Sept/Oct ’22) cycle peak… ideally bottoming on June 13 – 21!

How Would a Mid-June Bottom Validate the ~8-Month Cycle?

Why is Sept ’22 Such a Key Period in the 2022/2023 Outlook??

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.