Stock Market Remain Positive; Targeting New All-Time Highs! Silver & XAU Concur.
05/24/25 – Stock indexes remain positive on a 1 – 2 month basis after fulfilling the 3 – 6 month outlook for ~20 – 30% declines into early-April – when multi-month cycles bottomed. Stocks have since rallied with some indexes capable of retesting their all-time highs and/or stretching this advance into [reserved for subscribers]…
Stock Indices turned neutral on a 1 – 2 week basis after several indexes rallied right to their multi-week upside targets and peaked exactly 3 months/90 degrees from their Feb 19, ‘25 highs. The S+P Midcap surged back to its year-opening range and Jan ’25 low while attacking monthly resistance at 3071 – 3095/IDX and testing its declining weekly 21 High MAC.
That spurred a multi-day sell-off, which failed to turn the daily trend down on its first attempt (May 23). It would take a daily close below 2965/IDX to do so. Until that occurs, the daily trend is in positive territory and could spur a rally to new intra-month highs, leading into [reserved for subscribers]…
The DJIA peaked at its declining weekly 21 High MAC and generated an outside-week reversal lower while turning its daily trend down. It did not, however, complete a weekly 2 Close Reversal lower so that sell-off is unconfirmed.
A future (potential) peak in the DJIA could be far more significant…
Gold & Silver have rallied after selling off into mid-month & bottoming with Gold fulfilling primary expectations for a ‘c’ wave drop that would reach multiple downside targets and the convergence of 3 (out of 4) weekly HLS levels with the most recent/applicable weekly HLS at 3123/GCM.
Gold spiked down to 3123/GCM (attacking the that convergence of 3 weekly HLS levels while retracing .618 of its most recent surge) and quickly surged from that level, signaling the likely completion of that ‘a-b-c’ correction.
While dropping precisely to 3123/GCM, Gold fulfilled a symmetrical ‘c = a’ wave correction – with the ‘c’ wave equaling the ‘a’ wave in both price AND time – a perfect example of wave symmetry within a brief correction.
It then rallied and turned its daily trend back up while closing above its daily 21 High MAC – confirming that a multi-week low took hold on May 15th. The daily 21 High MAC could turn up in the coming day(s), reinforcing that reversal pattern.
Meanwhile, Silver remained resilient and only pulled back enough to retest its month-opening low without closing below it. That kept Silver in a relatively tight ~5-week range – a likely ‘2’ wave pullback of a developing new 5-wave advance.
The coming week could see a brief high (May 28th?) and pullback followed by a new rally… Gold & Silver have rallied after bottoming in mid-May when Silver maintained its positive daily trend & intra-month trend pattern. As that bullish setup was unfolding, Gold fulfilled a symmetrical ‘c = a’ wave correction – with the ‘c’ wave equaling the ‘a’ wave in both price and time – before reversing higher.
The XAU & HUI bottomed mid-month as both indexes dropped to their weekly HLS levels (extreme downside targets) and Oct ’24 highs – pivotal ranges of multi-week support in both – while retracing 50% of their April surge.
They held those levels on the weekly close while setting the stage for an Intra-Month V Reversal higher (high at start of month, low at mid-month, new high toward end of month) – which has initially been fulfilled in the XAU.
The XAU remains on track for an overall advance into the middle part of June ’25 – an outlook that has been repeatedly reinforced by intervening price action.
One of the corresponding cycles is a 21 – 22-week high-high-low-low-low-(low; Dec 23 – Jan 3, ’25) Cycle Progression that perfectly timed the Dec 30, ’24 low & projected an overall advance into June ’25.” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes are powerfully reinforcing analysis for surges to new all-time highs after confirming multi-month bottoms in early-April ’25 – when the culmination of 20 – 30+% plunges was forecast… and when it ultimately took hold. At the time, they fulfilled major 1 – 2-year downside price targets and related 17-Year Cycle analysis for 2025 – reinforcing that a decisive bottom was taking hold.
Their monthly trend patterns, monthly 21 MACs & MARCs, monthly (and weekly) cycles, monthly downside objectives & 6 – 12 month support levels all argue for powerful rallies that catapult key indexes up to new all-time highs in the coming months. The multi-year wave structure is arguing for the same.
Metals are corroborating as Silver (along with Platinum & Palladium) fulfilled ongoing forecasts for major lows in early-April, triggering revealing buy signals that were followed by powerful surges. Mid-May ’25 triggered another wave of bullish signals, reinforcing related analysis for new surges in the XAU & HUI (into mid-June and ultimately early-August).
What Wave Structure Projects Rallies to New All-Time Highs?
How High Should Surge From Early-April Cycle Lows Reach?
Why Does Projected Silver/White Metals’/XAU Surge Corroborate?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.