Stocks Fulfill Upside Targets

07/30/16 Weekly Re-Lay Alert: 

“Stock Indices have fulfilled most of what was expected from their ‘post-late-June-cycle-low’ rallies.  Those surges were projected to reach ~18,600–18,700/DJIA, 2175.5/ESU & ~4700/NQU… levels that have all been attacked.  And that has occurred just as the 32–33 Week Cycle portends another ‘Danger Period’…

All three have now attacked those upside objectives even as the DJ Transports – a leading Index for many years – is setting the stage for a new decline…

A DJTA peak in July would perpetuate the uncanny parallels to 1999–2001 – the same analogy that has projected 15–18 months of sideways action in the DJIA, before a sustained decline becomes more likely in late-2016.  In Jan. 2001, the DJTA set its second (lower) peak 20 months after its primary peak (May 1999)… and a high in July ’16 would mimic that pattern now.

Corroborating these indicators & cycles, the perpetually recurring 32–33 Week Cycle makes an appearance in the coming weeks and warns of an impending ‘Danger Period’ in the 1–2 months that follow.  (The 7/27/16 Alert & August 2016 INSIIDETrack elaborate on this cycle… and what it means for the next 32–33 week period.)…

Stock Indices remain positive and have reached their intermediate upside price objectives… [See complete 7/30/16 Weekly Re-Lay for expectations following the completion of this latest 32–33 Week AND 66-Week Cycle – in mid-August… when cycles begin to turn back down.]