Stock Trading: Stocks Showing New Signs of Strength; Overall Rally into late-April/early-May ’19 Still Expected.
Stock Trading: Stocks Showing New Signs of Stregnth; Overall Rally into late-April/early-May ’19 Still Expected.
03/16/19 Weekly Re-Lay Alert: “Stock Indices fulfilled expectations for a drop into March 8 and a multi-day rally from there. The daily trend patterns in the ESM & NQM projected rallies back to the highs while the DJTA projected a ‘b’ wave bounce before a second, 3 – 5 day drop…
That would then set the stage for the next phase of an overall equity advance that could last into May 2019 – the next phase of a consistent ~8-month cycle in several other indexes.
‘Proxy Stocks’ Update: AAPL & AMZN (& GOOGL), after fulfilling analysis for a sell-off into March 8, reversed back up with AAPL finally turning its weekly trend up. AMZN still needs a weekly close above 1716.5 to do the same…”
Stocks completing corrective phase and remain focused on potential for additional upside into late-April/early-May. This remains in the broader context of equities projected to set 3 – 6 month or 6 – 12 month lows in late-2018 (~3.25-Year Cycle) and then see a strong, multi-month rally into May 2019 (weekly cycles pinpoint late-April – early-May ‘19 as ideal period for a peak) – reinforcing 40-Year Cycle parallels.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.