Stocks Fulfill Projected Drop into April 19th; Portend Future Decline.
04/20/24 – “Stock indexes are confirming the outlook for 1 – 2 month declines – with the first phase on March 20 – April 19 – after all three primary & three secondary indexes fulfilled their 6 – 12 month and 1 – 2 year upside targets during a pivotal time of year (first month of Natural Year). They could see new declines in May ’24…
Stock Indices are reinforcing potential multi-month peaks and fulfilling initial expectations from late-March signals & reversals. The first phase was projected to unfold during the Month of Aggression – the first ‘month’ of the new Natural Year, from March 20/21st into April 19th (Date of Aggression).
That is exactly what unfolded with the sell-off leading to Friday’s accelerated decline in AI and chip stocks. Proxy stocks like NVDA powerfully reinforced this outlook, signaling multi-week (or month) peaks on March 25th and triggering decisive reversal signals in the days that followed.
That was closely followed by S+P Indexes setting final peaks in late-March/early-April as the S+P 500 peaked in late-March ’24 and fulfilled a 34 – 35-week high (late-Mar ’22) – high (late-Nov ’22) – high (late-Jly ’23) – (high; late-March 2024) Cycle Progression – arriving 2 years from the late-March ’22 peak.
The S+P Midcap fulfilled a ~14.5-month high-high-high-(high) Cycle Progression – connecting peaks in Sept ’20, Nov ’21, Feb ’23 and early-April 2024.
The NQ-100 had been in a topping process for ~6 weeks before generating a convincing outside-day/2 Close Reversal sell signal on April 4th while turning its intra-month trend down, its 21 MAC down AND closing below the daily 21 Low MAC. It then bounced to the declining 21 High MAC on April 11th – providing a textbook 21 MAC reversal pattern – and triggered additional sell signals on April 12th.
All of that was forecast to trigger a sharp drop into April 17 – 22 and below 17,400/NQM…The SP-500 is providing fulfillment and validation to the outlooks for stock indexes. It dropped into April 19th (Date of Aggression) and turned its weekly trend down while testing and holding its weekly HLS. That warns of an impending, initial low while projecting a future decline… Stock Indices fulfilled initial expectations for a drop into April 17 – 19 and could soon see [reserved for subscribers]…” TRADING INVOLVES SUBSTANTIAL RISK!
Stock Indexes have fulfilled multi-week sell signals that projected an initial sharp decline into April 19th. That aligns with focus on the Date of Aggression (April 19th) – the culmination of this pivotal transition period (the first ‘month’ of the new Natural Year… the Month of Aggression). Weekly trend reversals should usher in a reactive multi-week bounce before a new decline becomes likely in May 2024.
What Does The Drop into ~April 19th Portend for May/June 2024?
How Does This Correspond to 17-Year Cycle of Stock Declines?
Could This Ultimately Lead into the 2025/26 Recession Cycle?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.