Stock Market Danger Period II: Nov. 27/29 Poised for Peak & Reversal Lower; Transports Leading Topping Formation… Watch Dec. 2 – 6!
11/26/19 Weekly Re-Lay Alert – The Aftermath of a Decisive Two-Day Period: “Monthly cycles still remain a broader focus with expectations for a 2 – 3 month advance from the Aug. ’19 lows – carrying equities higher into Nov. ’19 and fulfilling a ~7-month low (July ’17) – low (Feb. ’18) – high (Sept. ’18) – high (April ’19) – high (Nov. ’19) Cycle Progression.
This remains a viable potential that would project focus to ~June 2020 (7 months later).
In the case of the Nasdaq 100, a corroborating ~30-week high-high-high-(high) Cycle Progression projects that peak for Nov. 25 – 29. They have fulfilled the upside aspect of these monthly and weekly cycles but have not yet signaled that a multi-week top is forming.”
Stock indexes fulfilled analysis for a low on Nov. 21/22, and should rally into Nov. 26/27… after which a very precarious period will be ushered in on Nov. 27/29. The DJIA, S+P 500 & Nasdaq 100 daily trend patterns remain positive and likely to spur rallies to new highs as Transports rebound – setting stage for significant peak in equities on Nov. 25 – 29. – when longer-term cycles in the Nasdaq 100 and NYSE Index portend a significant peak. Could December See Renewed Selling?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.