Stock Trading: ‘Largest Rallies of 2022’ Forecast w/July 14 Buy Signals!
07/27/22 Weekly Re-Lay Alert – “Stock Indices are confirming analysis for a multi-month bottom on June 13 – 21 – when several indexes spiked to 6 – 12 month downside targets and fulfilled almost all of the downside potential (price AND time) for the first 7 – 9 months of 2022.
In mid-June ‘22, the NQ-100 completed successive 11-week declines, fulfilling weekly Cycle Progressions & Sequences and signaling a multi-month bottom. It also fulfilled daily Cycle Progressions at its June 16 low and again at its July 13/14 secondary low…
The June 30 ’22 monthly closes concurred – signaling that a multi-month bottom was taking hold and a 1 – 3 month reactive rally was imminent. From there, stock indices were/are expected to experience their largest rallies of 2022.
In order to fulfill that, the DJIA would need to exceed ~32,800, the S+P exceed 4180/ESU and the Nasdaq 100 exceed 13,250 – 13,400/NQU (cash/futures)… coinciding with early-June highs (DJIA & S+P 500) and the early-May high (NQ-100)…
On a shorter-term basis, stock Indexes were projected to enter a bullish multi-week period on July 14, based on daily 21 MAC/MARC structure, intra-month trend set-up, and corroborating daily cycle lows. On the July 13 close, they triggered a pair of buy signals (1 – 4 week and 1 – 2 month) for the following trading session, entered on July 14.
Since then, they have rallied. On a very short-term basis, that was projected to spur an initial rally into July 22 before a very brief pullback into July 26/27. Since mid-April, the DJIA has experienced four 1 – 2 week surges. Each one lasted 6 trading days – portending a short-term high for July 22.
Stocks fulfilled this and corrected but were expected to resume their advances after a 1 – 2 day pullback. As a result, focus should remain on the upside potential into early-Aug. – when an intermediate high is more likely.
All three primary indexes are setting up an ‘ideal scenario’ (one that would fulfill the greatest synergy of cycles and indicators and attain extreme upside targets) for the coming days… In that scenario, they would…
1 – 4 week & 1 – 2 month traders could have entered long positions in stock indexes during the first half of July 14 (based on July 13 published strategy) as the indexes retested their early-July lows. Futures traders could have entered indexes with the same approach (entering longs down to July 1/5 lows – 3745/ESU & 11,381/NQU).
Risk (exit on) [reserved for subscribers]”
Stock indexes are reinforcing July 14 buy signals – the first pair like this in 2022. They project an initial 3 – 4 week advance and a larger overall advance. This intensifies focus on Sept ’22 and what could be the most decisive time of this year. However, there are two critical cycles before then!
On a broader basis, stocks powerfully fulfilled projections for a decisive peak in early-Jan ’22 followed by a multi-month plunge in the first half of 2022. An overall 4 – 5 month decline was/is expected between that Jan ’22 cycle peak and the next (Sept/Oct ’22) cycle peak… ideally bottoming on June 13 – 21! That is when stocks bottomed and produced their first reversal signal. July 14 produced the next.
How Do the July 14 Buy Signals Corroborate 3Q ’22 Outlook?
Why is Sept ’22 Such a Decisive Period in the 2022/2023 Outlook??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.