Stocks Intensify Focus on April 18 – 20 (Date of Aggression).
Stocks Intensify Focus on April 18 – 20 (Date of Aggression).
04/16/18 INSIIDE Track Stock Index Update: Stock Indices have extended their recent sideways trading, but remain on track for another decline into April 23 – 27, 2018. On a near-term basis, they have edged higher since turning their intra-month trends up on April 5. As stated then, that could spur some additional rebounding into April 12 – 17… which has since unfolded…
In addition to a potential mid-month peak, a lower high could be set now (April 17 or 18) and perpetuate a 24 – 25 trading-day low (Dec. 29) – low (Feb. 6) – high (Mar. 13) – high (April 17/18) Cycle Progression. A high on April 17 would also match the duration (11 trading days) of the Feb. 9 – 27 rally.
The weekly close, however, remains the decisive factor…
The DJIA & ESM, for the 4th week in a row, closed below their weekly 21 MACs. As each week passes, these indexes get closer to turning the direction of those channels down. That, and weekly trend reversals, would be the most convincing confirmation of a peak.
By spiking above last week’s highs today, the Indexes have created the potential for [reserved for subscribers]…
(It is also intriguing that this scenario would be more likely to play out on April 18 – 20, surrounding the Date of Aggression on April 19.)
And on the topic of Date of Aggression, China just announced they are very upset with Taiwan’s newly intensified push for full independence and will be conducting ‘live-fire’ naval drills in the Taiwan Strait beginning on Wednesday (April 18).
Hmmmmm. Would anyone characterize that as ‘aggressive’? And what comes after that??
While the media’s attention is focused on Michael Cohen, et al – the biggest threat to global stability could be ‘flying under the radar’… but not for long.”
Stock indexes are intensifying the overall focus on April 18 – 20, when tensions could escalate and when markets like Gold, Silver & Crude project breakout surges. With equity markets nearing April upside targets (24,715 – 24,741/DJIA, 2685 – 2697.5/ESM & 6768 – 6837/NQM), the daily uptrends are supporting these markets in the short term. The April 20 weekly close will be the deciding factor!
See Weekly Re-Lay & INSIIDE Track for additional details.