Stock Market Buy Signal: July 14 Ushers in Bullish Period!
07/13/22 Weekly Re-Lay Alert – “Stock Indices are slowly 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.
The Nasdaq-100 concurred, fulfilling a 14 – 15 week high-low-low-(low) Cycle Progression and a related 28 – 29-week low-low-high-(low) Cycle Sequence with the mid-June low. It also completed successive 11-week declines at the time. This could be the start of a multi-month rally into monthly cycle highs in Sept/Oct ’22 – when the next decisive peak is forecast.
On a near-term basis, stock indexes have entered a potentially bullish 1 – 2 week period when the inversely-correlated daily 21 MARCs are plunging. That should become a positive factor tomorrow, when the value of most 21 MARCs will drop below today’s closing price. That coincides with the pair of daily Cycle Progressions that project a secondary (higher) low on July 13/14.
It would take the new intra-month trends turning up (with daily closes above 31,225/DJIA, 3875/ESU & 11,975/NQU) and the daily trends turning up (with daily closes above 31,885/DJIA, 3948/ESU & 12,262/NQU) to signal a 1 – 2 month bottom.
1 – 4 week & 1 – 2 month traders can look to enter long positions in stock indexes now, risking (exiting on) a daily close below the July 1/5 lows. In the case of the S+P 500 (e-mini futures), these longs can be entered… down to 3745/ESU.”
Stock indexes are entering a bullish period, beginning on July 14. A spike low and reversal higher is expected, 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 should produce the next.
How Would a 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.