Stock Trading: DJ Transports Fulfilling Projected Plunge. NFLX Completes Sept. 9 Sell Signal. More Significant Bottom Imminent. Rally into Nov. 11 – 15 Likely!

10/02/19 Weekly Re-Lay Alert: “Stock Indices continue to follow the lead of their parallel (to 2015), precursor (DJTA) and proxy stock (NFLX) – all of which projected a sharp drop into late-Aug., a strong rebound into mid-Sept., and then another sell-off in which the Transports were projecting a quick plunge back to their late-Aug. low.  They needed to complete this before the weekly 21 MARCs could begin to exert a positive influence.

The Transports have nearly fulfilled that (initial) downside objective, dropping from decisive resistance (11,000 – 11,150/DJTA) during the Sept. 13/16 cycle peak – to ~9,800 in another sharp ~3-week decline.  The late-Aug. low is at 9,676/DJTA.

On an intermediate basis, the Transports have been swinging in 40 – 43 day moves.  42 days from their March 13 high, the Transports set their high for the year on April 24.  They declined for 40 days, from April 24 into June 3, and then rallied for 43 days – into July 16.

In a textbook example of market symmetry (time AND price), the July 16 peak was followed by a 43-day decline – into Aug. 28 and right back down to the previous lows (100% retracement in 100% of the time).

40 – 43 days from the Aug. 28 low projects an ensuing low on Oct. 7 – 10, forming a high-low-(low) Cycle Progression and also timing the midpoint of the 86-day period spanning the two previous (June 3 & Aug. 28) lows.  So, in the case of the DJTA, there is a good chance for an intermediate low to stretch out until Oct. 7 – 10 before taking hold…

Combined with the month-opening range (first three trading days of new month), those daily trend reversals are likely to trigger an initial low now… The DJIA & ESZ are also attacking their weekly HLS levels, reinforcing the potential for an initial bounce.”

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Stock indexes fulfilling mid-Sept. intermediate reversal signals.  DJ Transports attacking downside targets and preparing for 1 – 2 month low in early-Oct.  Primary indexes focusing on Nov. 11 – 15 for next significant peak.  When/where are primary indexes likely to set intermediate lows?

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