Stocks Fulfill Projected Nov. 20/21 Low; Rebound Could Stretch into Dec. 3.
Stocks Fulfill Projected Nov. 20/21 Low; Rebound Could Stretch into Dec. 3.
11/26/18 INSIIDE Track Stock Index Update: Stock Indices remain in 1 – 2 month (as well as 2 – 4 week and 1 – 2 week) downtrends, after bouncing into last week and then reversing back down and dropping sharply. That reinforces the NQ-100 cyclic outlook, which was forecast to peak on Nov. 5 – 9 – in line with 5-week & 10-week high-high Cycle Progressions…
That Index fulfilled its daily & weekly trend patterns by spiking to new correction lows last week while setting a low on Nov. 20 – when daily extremes and cycles aligned for another 1 – 2 week low.
At the same time, several tech stocks (AMZN, MSFT, AAPL & GOOGL) fulfilled similar daily trend signals. They were unable to turn the daily trends up during their rebounds into Nov. 8. Since then, they had projected drops below their late-Oct. lows, which were fulfilled last week.
The Nov. 20 low created a corroborating low-low-(low) Cycle Progression (of 22 days) in NQZ, projecting the next low for ~Dec. 12.
In the meantime, equities have the potential to see another quick rally – into Nov. 30 or Dec. 3.”
Stocks reinforced expectations for an important low on Nov. 20/21 and could extend the ensuing rally into Dec. 3. Oct./Nov. ’18 stock market action honing outlook for coming months.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.