Stock Market in First Phase of Larger Decline; Drop into April 19th Likely.

04/13/24 – “Stock indexes are steadily signaling reversals lower after all three primary & three secondary indexes fulfilled their 6 – 12 month and 1 – 2 year upside targets during a pivotal time of year (first month of Natural Year).  They could see sharp spikes down as the first phase of a larger, overall decline…

Stock Indices are reinforcing potential multi-month peaks and intensifying downside reversals.  This topping phase has been unfolding since some remaining strong stocks & indexes (many others have been peaking since December ’23) peaked on March 20/21st – the start of a new Natural Year.

As explained many times, that first ‘month’ of the Natural Year – from March 20/21st into April 19/20th – often times abrupt changes that influence the ensuing ~11 ‘months’.  The S+P Indexes (400 & 500) were a couple of the last to peak with the S+P Midcap precisely fulfilling a ~14.5-month high-high-high-(high) Cycle Progression – connecting peaks in Sept ’20, Nov ’21, Feb ’23 and early-April 2024.

Just before that, the S+P 500 peaked in late-March ’24, precisely fulfilling a 34 – 35-week high (late-March ’22) – high (late-Nov ’22) – high (late-Jly ’23) – (high; late-March 2024Cycle Progression… arriving 2 years from that late-March ’22 peak.

The NQ-100 has been in a topping process for the past ~6 weeks, having traded sideways through March after surging into late-Feb ’24 and fulfilling an ongoing ~2-month/~60-degree cycle and setting its highest daily close at that time.  Early-April added signs of reversing lower and this past week has reinforced that.  A drop into April 17 – 22 is likely…

1 – 3 month & 3 – 6 month traders could have lightened up on long positions in anticipation of a sell-off that could stretch into late-May ‘24.

Stock Indices are corroborating their daily & intra-month downtrends – as well as negative daily 21 MAC signals triggered in early-April – and could see a drop into April 17 – 19… and second decline in May ‘24.  Weekly trends are key!   TRADING INVOLVES SUBSTANTIAL RISK!


 

Stock Indexes are fulfilling multi-week sell signals that project an initial sharp decline into April 19th.  That aligns with focus on the Date of Aggression (April 19th) – the culmination of this pivotal transition period (the first ‘month’ of the new Natural Year… the Month of Aggression).  The key will be what occurs by/on April 19th with respect to weekly trend indicators and weekly 21 MACs.

This should be a ‘telling’ time for equity markets and the outlook for the months to follow… with April 19th likely timing a critical inflection point and spurring a multi-week bounce.

The action leading into April 19th is expected to ‘cast shadows ahead’ to a related time frame surrounding mid-May ‘24.

 

What Would a Stock Market Sell-off into ~April 19th Reveal?

Does This Correspond to 17-Year Cycle of Stock Declines?

Could This Ultimately Lead into the 2025/26 Recession Cycle?

 

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.