Stocks Enter Newest Phase of Potential Multi-Month Advance; Validate Buy Signals Triggered on March 18 – 23!

04/08/20 Weekly Re-Lay Alert: “Stock Indices continue to rally and reaffirm signs of an intermediate low after bottoming on the 2-year anniversary of the 2018 DJIA low close – March 23.

March 23 – 27 was also the 40-year anniversary of the late-March 1980 low – the focus and objective for the 40-Year Cycle signal from Feb. 12/13.  The primary indexes bottomed precisely at that time.

The low on March 23 also fulfilled a 31 – 34 day high-high-high-(low) Cycle Progression in the leading DJTA (as the Transports attacked their 1 – 2 year downside target at ~6,500/DJTA) that could/should produce a subsequent low on April 23 – 26.  In between a rally into April 13 – 17 has been forecast.

To begin the month, stocks saw a quick pullback into April 3 – enough to fulfill analysis for a multi-day correction while preventing the new intra-month trends from turning down.  They subsequently turned those intra-month trends up.

From a price perspective, the indexes maintain primary upside targets at [reserved for subscribers]…

Equity investors could have re-entered the market on March 19 – 23 – in line with the buy signal triggered in the March 18 Alert – and can now risk [reserved for subscribers]”

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Stocks fulfill projected early-April low and resume new advances.  Stocks should continue to remain above March ’20 lows – for many months – after fulfilling Stock Panic Cycles (projected for early-2020) as well as 40-Year Cycle and 2-Year Cycle projecting plunge into March 23 – 27, 2020 – the precise time the DJIA bottomed in 2018 AND 1980.

Transports reached multi-year downside target (6,500) as NFLX & AMZN trigger decisive buy signals.  Major indexes triggered buy signals on March 18 – 23 – setting the stage for powerful rallies to follow.    

What Does 40-Year Cycle Portend for 2Q/3Q ‘20?

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.