Stocks Confirming Aug. 26/27 Cycle Low; Project Strong Rally into Sept. 13/16… NFLX Could Peak Earlier and Enter Next Leg Down.
08/31/19 Weekly Re-Lay: “Stock Indices completed their latest 3 – 5 day sell signals on Aug. 26/27 – while fulfilling a precise 12-week/84-day low-low-low Cycle Progression – and signaled a new rally. The DJIA & NYA turned their daily trends up during that rally and could see a brief pullback before another multi-day rally. With stocks fulfilling weekly cycle lows and completing the projected late-July – late-Aug. sell-off, the potential for a more substantial rally has emerged…
Stock Indices fulfilled analysis for a sharp plunge in late-July – late-Aug. ‘19 while also fulfilling daily cycles and daily sell signals that projected a low on Aug. 26/27. Aug. 26 completed another precise 12-week move – from the June 3 low (which took hold exactly 12 weeks/84 days from the March 11 low).
The parallels to Aug. 2015 (4-Year Cycle) were reinforced this past week… and line up closely with current analysis that is based on other factors…
In 2015, primary indexes peaked on July 16 and began a ~40-day sell-off. In 2019, primary indexes (DJIA, NYA) peaked on July 16 and began a ~40-day sell-off.
In 2015, that decline accelerated in Aug. and bottomed on the Monday of the final week of Aug. (Aug. 24) In 2019, that decline accelerated in Aug. and bottomed on the Monday of the final week of Aug. (Aug. 26) – along with daily cycles.
Looking ahead… In 2015, that Aug. 24 low led to a rebound into mid-Sept. before a sizeable sell-off. In 2019, the Aug. 26/27 was projected to trigger a rebound into early-to-mid-Sept. before a new sell-off. That would closely follow – or possibly move in sync with – related cycles in NFLX…
A peak on Sept. 6 – 13 would fulfill a 9 – 10 week low-high-high-high-(high) Cycle Progression, a related 67-day high (Feb. 25) – high (May 3) – high (July 9) – high (Sept. 13, ‘19) Cycle Progression, a 50% rebound in time and an over-arching 18 – 19 week high (7/21/17) – low (12/01/17) – low (4/06/18) – low (8/17/18) – low (12/28/18) – high (5/03/19) – high (Sept. 3 – 13, ‘19) Cycle Progression.
As already discussed, that closely overlaps cycles in key indexes that converge on Sept. 13/16.”
Stock markets fulfilling forecast for Aug. 26/27 low and subsequent rally… capable of (likely) lasting into Sept. 13/16. NFLX reinforcing likelihood for rally in stocks – projecting rebound into Sept. 6 – 13 before next leg down. (NFLX overall downside target remains MUCH lower!) How far could stocks rally before turning back down? When is next intermediate peak expected??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.