Stock Trading: Equities Fulfilling Outlook for 2 – 3 Month Advance – from late-Aug. into Nov. 11 – 15! Majority of Cycles Surround Mid-Nov.! Why?
10/19/19 Weekly Re-Lay: “Stock Indices rallied into mid-Oct. before entering a brief correction. Based on weekly trend patterns, they remain likely to rally back to (at least) their July ’19 highs. Based on weekly cycles, they are most likely to set a multi-month peak in the first half of Nov. ’19 (the greatest synergy of cycles is at mid-Nov.)…
Stock Indices remain near their highs with their underlying weekly trend patterns arguing for a rally back to/above their July highs. In sync with that, equity markets are expected to extend their advance into Nov. 1 – Nov. 15 and a web of inter-related cycles.
A multi-week/multi-month peak at that time would perpetuate an 11 – 12-week low-low-low-low-(high) Cycle Progression, a 22 – 23-week low-low-(high) Cycle Progression, a 45 – 46-week low-low-low-(high) Cycle Progression and a 29-week high-high-(high) Cycle Progression.
Daily cycles, daily LHRs and the intra-month trend setup (in November) should help hone that to a more precise expectation.
Stock indexes remain on track for an overall rally into the first half of Nov. ‘19, when a very significant peak is likely. On a near-term basis, they fulfilled the outlook for a rally into mid-month from the Oct. 3 lows – with the DJIA peaking on Oct. 15.
That fulfilled the daily trend, daily LHRs, intra-month uptrends, and a recurring ~30-degree cycle (highs on 7/15 – 16, 8/13 & 9/12) portending a 1 – 2 week top on Oct. 14/15. The high arrived ~90 degrees (3 months) from the mid-July high and after a .618 rebound in time… and could portend a future peak on Nov. 14/15 – 30 days/degrees in the future.
That was forecast to trigger a multi-day pullback, with Oct. 21 representing the date with the highest potential for a pullback low. The indices sold off into Friday, with the ESZ & NQZ attacking and holding their daily HLSlevels (extreme downside targets) as they tested and rebounded from their daily 21 High MACs… corroborating this short-term outlook.
In the textbook scenario, that should spur a new rally and turn the direction of the daily 21 High MAC up… in the next 1 – 3 days. The inversely-correlated daily 21 MARCs will enter a steady decline on Oct. 18/21 – a drop that will last almost two weeks and provide a developing positive influence on the (inversely-correlated) daily 21 MACs.”
Stock indexes fulfilling brief high-and-pullback analysis; poised for new advance to then take hold and spur rally into Nov. 11 – 15. Uncanny web of cycles converge around mid-Nov. ’19, setting stage for decisive period. What Could Trigger Next Rally (late-Oct./early-Nov.)… and Peak?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.