Stock Market Buy Signal: July 14 Ushers in Bullish Period!
07/16/22 Weekly Re-Lay – “Stock indices are slowly validating signs of a mid-June bottom after spiking to new lows and 6 – 12 month downside targets at that time. They were expected to spike to secondary (higher) lows on July 13/14 and then enter what could be the next phase of a multi-month rally into Sept/Oct ’22. They fulfilled that with a July 14 low, triggering a pair of buy signals…
Stock Indices are steadily confirming signs of a bottom in mid-June (June 13 – 21 was ideal cyclic time for a low – 2/3 of way between ~8-month cycle peak in early-Jan ’22 and next phase of ~8-month cycle) after several indexes reached and held 6 – 12 month downside targets then.
At the time, the NQ-100 fulfilled weekly Cycle Progressions and Sequences while completing successive 11-week declines. That could/should be the start of a multi-month rally into monthly cycle highs in Sept/Oct ’22 – when a critical peak is likely.
An initial rally into early-Aug is expected.
Stock Indexes were projected to enter a bullish 1 – 2 week period after mid-week, in line with daily 21 MARC and 21 MAC action. A corroborating ~18 trading-day high (3/03) – high (3/28) – low (4/26) – low (5/20) – low (6/16) – low (July 13/14) concurred, most notable in the NQ-100, and helped trigger a pair of buy signals for the July 14 spike low.
That was forecast to spur a larger advance in the second half of July… that could easily morph into the largest advance of 2022…
Stock indices have initially validated that, spiking back down to retest their early-July lows – on July 14 – without turning the intra-month trends down. That is expected to spur a near-term rally above the early-June highs and ideally to [reserved for subscribers] in the next 1 – 2 months (or sooner).
1 – 4 week & 1 – 2 month traders could have entered long positions in stock indexes during the opening hours of trading on July 14 as the indexes retested their early-July lows. The risk on these trades (the point to exit) was/is a daily close below the July 1/5 lows – which would turn the intra-month trends down and negate this buy signal.
Futures traders could have entered related futures with the same approach (entering longs down to the July 1/5 lows, including 3745/ESU)…
If/when stock indexes close above their existing intra-month (July 8) highs, move these trailing stops and then risk (exit on) a daily close below the July 5 highs (31,224/DJIA, 3875/ESU, 11,974/NQU). 1 – 4 week traders can exit 1/2 of these positions on spikes above [reserved for subscribers]”
Stock indexes entered a bullish period on July 14 in lockstep with daily & intra-month trends, daily cycles and daily 21 MAC/MARC indicators. A spike low and reversal higher took place, coinciding with the first pair of buy signals in 2022. This intensifies focus on Sept ’22 and what could be the most decisive time of this year. However, there are two other pivotal cycles before then!
On a broader basis, stocks powerfully fulfilled projections for a decisive peak in early-Jan ’22 followed by a multi-month plunge in the first half of 2022. That is 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! That is when stocks bottomed and produced their first reversal signal. July 14 did produce the next.
How Does the July 14 Reversal Higher Corroborate Outlook?
Why is Sept ’22 Such a Decisive Period in the 2022/2023 Outlook??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.