Stock Market Buy Signal: July 14 Ushers in Bullish Period!
07/15/22 INSIIDE Track Stock Index Update – “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 spiked to 6 – 12 month downside targets then.
At the time, the NQ-100 fulfilling weekly Cycle Progressions and Sequences while completing successive 11-week declines. (The Nasdaq-100 also fulfilled a corresponding daily Cycle Progression at its June 16 low and again at its July 14 secondary low.)
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. The weekly trends will be the primary filter for that outlook. In the coming weeks, an initial rally into early-Aug is expected.
Stock Indexes were projected to enter a bullish 1 – 2 week period after mid-week (see 7/09/22 Weekly Re-Lay), in line with daily 21 MARC and 21 MAC setups and 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 Weekly Re-Lay buy signals for the July 14 dip (see 7/13/22 Weekly Re-Lay Alert).
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 overall outlook (and the mid-June lows), spiking back down to retest their early-July lows – on July 14 – without turning the intra-month trends down. That reinforced their initial intra-month uptrends and is expected to spur a new rally above the early-June highs and ideally to [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.