Stocks Completing Initial Sell-off; Increase Likelihood for Aug. ’19 Decline… “Cast Shadows Ahead’ to 3Q ’19 Danger Period.
06/05/19 Weekly Re-Lay Alert – “Stock Indices have provided multiple levels of validation to the outlook for May – Aug./Sept. 2019. They turned their weekly trends down, confirming that a multi-month top is in place and increasing the likelihood for another wave down (after an intervening bounce) – that could last into Aug. ‘19.
Not only did these indexes turn their weekly trends down on May 31, but they also closed below their weekly 21 Low MACs – a convincing pair of weekly signals that confirms a multi-month peak. (In both cases, those signals usually time an initial low and are quickly followed by a 1 – 3 week reactive bounce.)
So, the initial phase of that (expected) multi-month correction was fulfilled with Stock Indices plunging from their late-April/early-May highs into late-May and reversing their weekly uptrends to down.
This is not the first time a similar situation has unfolded, in recent memory. In fact, there is an intriguing parallel to this action – from [reserved for subscribers]”
Stocks poised for June rebound while casting shadows ahead to Aug. ‘19 for sharper decline. 40-Year Cycle & 4-Year Cycle project increasing trouble in/around Aug. ‘19… with a sharp sell-off likely – that could resemble the sell-off of Aug. 2015!. Why is 3Q ’19 so dangerous?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.