Stocks Nearing/Attacking ~2850/IDX, ~14,600/DJTA & 2000/QR Targets During March 12/13th Cycle Low!
03/12/25 – Mission (Initially) Accomplished – “Stock indices have fulfilled most of what was expected from these latest declines – stemming from the February 18th highs and subsequent sell signals.
The DJIA reached 41,700 – fulfilling a multitude of initial downside targets – and spiked down to its monthly HLS (41,146/DJIA) – the extreme downside target for this time frame.
That had the DJIA exceeding the magnitudes of the three previous multi-month declines (since the late-2022 low) – creating a higher-magnitude 4-Shadow signal that signals both an impending low as well as a future decline.
The DJTA & Russell 2000 are also attacking their primary downside targets with the S+P 500 & NQ-100 acting similar while attacking their monthly HLS levels (monthly extreme downside targets) as so many of these indexes are also fulfilling timing objectives and weekly cycles – converging this week and most synergistically on March 11 – 13th.
The DJIA is tracing out a flat ‘a-b-c’ correction in which the ‘c’ wave decline (from the Jan 31st high) would equal the duration of the ‘a’ wave decline (Dec 4 – Jan 10/13) with a low on March 10 – 12th – bottoming 2 months from the Jan 10/13th low. (Other indexes have similar wave-timing objectives focused on March 11/12th.)
The NQ-100 has similar cycles after spending the last few months tracing out a textbook Turn-Key Reversal, culminating with the February outside-month/2 Close Reversal lower.
A low on March 10 – 14th would have that index fulfilling a .618 retracement in time (19 weeks up, 12 weeks down) and a related ~31-week/~7-month low-low-(low) Cycle Progression.
The S+P Midcap, by extending its decline into the current week, is completing successive ~7-week declines and creating another example of wave symmetry. (If a low is set now, the Midcap could see a quick rally, similar to mid-January.)
A low in the current week would fulfill the DJTA outside-week/2 Close Reversal sell signal – and the latest phase of a textbook weekly 21 MAC Reversal sequence – generated on February 18 – 21st.
That signal usually triggers a 2 – 3 week decline, which has now stretched into March 10 – 14th… the ideal week for an initial low.
If it sets a low this week, the DJTA would complete a .618 retracement in time (24 weeks up/14 – 15 weeks down). And, it has just hit its downside target at ~14,600/DJTA. That objective includes monthly AND weekly HLS levels (extreme downside targets) as well as the low from 2024… a type of 4th wave of lesser degree support (even if the surrounding waves do not provide the textbook structure).
The drop to that level provides symmetry between the two declines since the Nov ’24 peak (‘c’ = ‘a’ down). It also includes a 50% retracement of the entire 2022 – 2024 advance.
The Russell 2000 has related downside targets near 2000/QR (1985 – 2015/QRM), which are being attacked as well.
The bottom line is that stock indexes have fulfilled downside price objectives in time and price… at least initially. They could bottom at any time and potentially see quick, sharp rallies into [reserved for subscribers].” TRADING INVOLVES SUBSTANTIAL RISK
Stock Indexes are fulfilling projections for acceleration lower into March 12/13th when a multi-week low is becoming more & more likely… further confirming major peaks projected for Nov 22/25, 2024 (in S+P Midcap 400 & related indexes) and subsequent/secondary highs projected for January 22nd.
That was/is expected to prepare the way for sharper declines into March ’25 and confirmation of a broader stock market (seismic) shift – validating weekly trend and multi-month 4-Shadow signals triggered in January (portending a larger-magnitude sell-off after January 22/23rd). Downside targets near 2850/IDX, 14,600/DJTA & 2000/QRM are being tested and should usher in a multi-week low and subsequent bounce.
The 17-Year Cycle projected 4Q 2024 as the most likely time for a major (multi-month & multi-quarter) peak in equities – and 2025 as the time for the next major decline in stocks. It also continues to project a recession AND stagflation in 2025/2026. Corroborating that, the DJIA is revealing eerie parallels to late-2007/early-2008 and providing a roadmap for future expectations.
Will 2 – 3 Month Downside Targets & March 12/13th Cycle Lows Usher in Multi-Week Low?
How High (and How Long) Could Subsequent Rebound Reach?
Will Indexes Bottom at Multi-Month Targets (2850/IDX, 14,600/DJTA, 2000/QR, etc.) before Mid-March?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.