Stock Market Nearing Early-June Peak

06/04/16 Weekly Re-Lay: 

“Stock Indices remain positive on a 2–3 month basis but neutral on a 2–4 week basis.  They fulfilled projections for an intermediate decline from April 19^th/20^th into May 19^th/20^th (~90 degrees from the Jan. 20^th low) and have rebounded since.  That creates the potential for a subsequent high around July 19^th/20^th – a ~90-degree low-high-(high) Cycle Progression.

And that would be validated by an interim high at the midpoint (~45 degrees) – on June 3^rd or 6^th – creating a corroborating ~45-degree high-high-(high) Cycle Progression targeted for July 19^th/20^th.  A 50% rebound in time (~30 days down/15 days up) would produce a subsequent peak around June 3^rd.  A .618 rebound in time could stretch that to June 6^th or 7^th.

That is corroborated by intermediate cycles in the Russell 2000 (and related Indices) – projecting an intermediate peak in early-June – perpetuating a 6-month/~180-degree cycle that includes a high (monthly close) in June ’14, a high in Dec. ’14 & subsequent highs in June ’15 & Dec. ’15.  

A high in early-June would fulfill that Cycle Progression AND complete a larger-degree 50% rebound in time (8 months down/4 months up).

The potential for an intermediate high is bolstered by weekly LHRs – that were tested last week.  An ensuing, intermediate peak usually takes hold within 1–3 weeks.  In the ideal scenario, a high would take hold without daily closes above 17,891/DJIA and 7830/DJTA.   

1–3 & 3–6 month traders & investors could have re-entered the short side of Stock Indices at 17,912–17,934/DJIA, 2077.5–2098.75/ESM & 4378–4513/NQM – and can [reserved for subscribers only]….”