Stocks Remain Bullish; Project New Rally to 1 – 2 Year Upside Targets!

01/10/24 – “Stock Indices have rallied after selling off in the opening days of January but NOT turning their new intra-month trends down.  That pullback occurred after the NQ-100 (and others) fulfilled its ~2-month cycle and surged from October 26/27th into December 27th.

(That cycle should time a future high in late-February but corresponding specifics for that high are [reserved for subscribers].)

Most of the primary indexes sold off long enough, and far enough, to turn their daily trends down but NOT far enough to turn their intra-month trends down.  That was expected to spur a new rally, ideally lasting into mid-month and taking them back to their highs.

Already, the S+P 500 & NQ-100 turned their daily trends back up (DJIA re-entered daily uptrend after failing to turn it down), reinforcing near-term strength…

On a 1 – 2 year basis (from its 2022 low), the DJIA remains on track to ultimately reach its multi-year LLH (39,107/DJIA) – ideally in January ’24 – and fulfill a major upside objective created by its 2020 & 2022 lows.  That level is reinforced by a multi-year range target at 39,000 – 39,200/DJIA.”

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Stock Indexes remain strong and fulfilled the projected 4Q 2023 advance, stemming from intermediate buy signals triggered after they fulfilled downside price & timing objectives on Oct 27/30, 2023.  Additional highs are still expected in January 2024 – likely stretching into month-end – in order to fulfill the latest phase of the uncanny 2-Year Cycle in January/February 2024.

The DJIA is projected to surge to (potentially above) 39,100 as the S+P 500 and NQ-100 attack their respective 1 – 2 year upside targets (stemming from multi-year bottoming signals in late-2022).

 

Will DJIA, S+P & NQ-100 Reach ~2-Year Upside Targets (from late-2022)?

Why is April/May 2024 Pivotal for Stocks?

 

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.