Stock Market Poised for New Rally… into Nov. 11 – 15! DJTA & NFLX Complete Sell-offs; Early-Oct. Cycle Low Taking Hold. What is Expected After Mid-Nov.?
10/05/19 INSIIDE Track Intra-Month Update: “Stock Indices fulfilled a few key components of the latest intermediate trend, selling off from cycle highs in mid-Sept. – when the Transports projected a quick plunge back to their late-Aug. low – into early-Oct.
The Transports fulfilled that downside objective, plunging back to retest their late-Aug. low near 9,700/DJTA… as the daily trend action in the DJIA and NQ-100 reinforced the timing for a likely low…
On a slightly broader basis, the weekly trends remain positive in the primary indexes, arguing for (at least) a retest of their July/Aug. ’19 highs.
From a cyclic basis, they project the next 1 – 2 month (or longer) peak to take hold on Nov. 11 – 15. With the Transports initially fulfilling their downside target, this potential would not be in conflict with their outlook. (It is also possible the DJTA could again pinpoint the next intermediate peak with the assistance of its weekly trend pattern… reserved for subscribers)”
Stock indexes fulfill mid-Sept. sell signals & signal Oct. 1 – 3 bottom. DJ Transports attack downside targets and project 1 – 2 month bottom. Primary indexes (DJIA, S+P 500, Nasdaq 100, NYSE) project resumption of overall rally (from late-Aug. low) – projected to last into Nov. 11 – 15 before the next significant peak. What Would Corroborate Recent Bottoming Signals?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.