Stock Uptrend Focused on late-Jan./early-Feb; Early-Dec. Lows Concur.
12/21/19 Weekly Re-Lay: “Stock Indices remain in overall uptrends, having steadily rallied since fulfilling the potential for a 3 – 6 month bottom in late-Aug. ’19. That low perpetuated an ~8-month cycle that has governed equities and projects focus to April ’20.
That low (Apr. ’18) – low (Dec. ’18) – low (Aug. ’19) Cycle Progression could invert and time a peak in April ’20, but intervening price action needs to corroborate…
Stock Indices remain in intermediate uptrends after experiencing sharp pullbacks in the opening days of December – testing and holding 2 – 4 week support while generating bullish daily trend signals. That came at the same time that longer-term cycles were projecting a multi-month bottom in the Chinese equity indexes – auguring positive trade news.
Those early-Dec. sell-offs perpetuated a ~2-month (60-degree) cycle during which sharp declines took hold in early-June, early-Aug. & early-Oct. – each time unfolding during the first 2 – 3 trading days of the new month but never turning their intra-month trends down. Early-Feb. ’20 is the next phase.
Since then, the primary indexes have resumed their uptrends and rallied to new highs – leading into the latest phase of a 15 – 16 month low-low-low-low-high-(high) Cycle Progression in Dec. ‘19/Jan. ‘20.”
Stock indexes possess an uncanny convergence of weekly, monthly & multi-year cycles focused on late-Jan./early-Feb. ’20 – when an uncanny 2-Year Cycle will join the 40-Year Cycle (as well as the 8-Month & 16-Month Cycles). There are some intriguing possibilities for the weeks that precede that convergence… and the weeks that follow it.
What Would late-Jan./early-Feb. Sell-off Reveal About 2020?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.