Stocks Fulfilling Projected Surge into January 2024. More Upside Expected.
12/20/23 – “Stock indexes rallied into mid-Dec ’23, fulfilling the latest phase of their 4Q 2023 ‘roadmap’ and setting the stage for a 1 – 2 week top.
Ultimately, they are still expected to rally into Jan ’24, fulfilling the outlook that has been intact since setting lows in late-October.
A high in January ’24 would fulfill their late-October buy signals, a myriad of daily & weekly cycles, and the latest phase of an uncanny ~24-Month/~2-Year Cycle.
In 2017/18, stocks rallied strongly from Oct ’17 into Jan ’18.
In 2019/20, stocks rallied strongly from Oct ’19 into Jan ’20.
In 2021/22, stocks rallied strongly from Oct ’21 into Jan ’22.
And in 2023/24, stocks began a strong rally in October ’23… and could advance into Jan ‘24.
If so, that would perpetuate a ~24-month low (Jan/ Feb ’14) – low (Jan/Feb ’16) – high (Jan ’18) – high (Jan/Feb ’20) – high (Jan ’22) – (high; January 2024) Cycle Progression.
As a reinforcing factor, stock indexes were forecast to surge into mid-Dec ’23 – the convergence of multiple weekly cycles. The majority of those cycles peaked on Dec 14 – 18th with a few weekly cycles peaking anytime between December 18th – 22nd.
A peak at this time would fulfill a .618 rebound in time (12 wks down, 7 wks up) and a ~19-week low (Mar ’23) – high (Aug ’23) – (high; Dec 11 – 18, 23) Cycle Progression (Russell 2000) as well as a 20 – 21-week high (Dec ’21) – low (May ’22) – low (Oct ’22) – low (Mar ’23) – high (July ’23) – (high; Dec 11 – 22, ’23) Cycle Progression (S+P 500)…
The daily trend patterns & 21 MACs should help determine when and where a low is most likely… and help hone what to expect leading into January 2024.”
Stock Indexes remain positive since generating multi-week buy signals after fulfilling downside price & timing objectives on Oct 27/30, 2023. That ushered in the projected 4Q 2023 advance, expected to last into January 2024 and fulfill the latest phase of the uncanny 2-Year Cycle. A quick pullback is likely and could usher in some volatile consolidation.
How High Could Projected Surge into January ‘24 Reach?
Why Would That Set the Stage for 1Q/2Q 2024?
What is in Store for 2024/2025?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.