Stock Market: Early-June High Fulfilled; Mid-June (Multi-Month?) Low Likely
06/11/22 Weekly Re-Lay – “Stock indices have sold off after fulfilling projections for a rally into May 27 and then June 3. That created the early-June peak that was forecast for equities and turned focus to late-June/ early-July ’22 for the next peak. Weekly trends & 21 MACs signaled an initial top and stock indexes would ideally set subsequent lows on June 13/14…
Stock Indices reinforced the pivotal nature of this past week and are correcting after fulfilling analysis for rallies into May 27 and then into June 3/6 – when a 1 – 2 week high was projected. (That reinforces the potential for a future high in early-July.)
This comes after key indexes twice neutralized their weekly downtrends on June 3 (second neutral signal) while peaking near their declining weekly 21 Low MACs. That was the ideal setup…
Fundamentally, this is also a perfect time for a low – following the unexpectedly worst inflation news the market could have imagined. Markets often bottom on bad news… when things look the worst.
Stock Indexes were expected to set an initial high on May 27 and then a 1 – 2 week high on June 3/6 – before correcting and then embarking on a larger advance…”
Stock indexes are poised for a mid-June low and the onset of a subsequent multi-month advance. The initial phase should be a rally into late-June… but focus is slowly fixating on Sept ’22 – what could be the most pivotal 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.
Why 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.