Stocks Targeting Overall Surge into January 2024; 2-Year Cycle Concurs.
12/09/23 – “Stock indexes resumed their rallies and are expected to extend this latest advance into mid-Dec ’23 and ultimately into Jan ’24. The DJIA, S+P 500 & NQ-100 could ultimately (by or in Jan ’24) set new all-time highs even as indexes like the Russell 2000 are likely to set lower peaks…
Stock Indices are right on track, completing a ‘pause’ – following short-term cycle highs in late-Nov – and resuming their underlying uptrend (that began following multi-month cycle lows in late-October)…
The latest ‘pause-and-resumption’ was validated by the daily trend patterns that turned neutral – but not down – during the recent pullbacks. The indexes also avoided turning their new intra-month trends down and now – in the case of the S+P 500 & NQ-100 – have turned their intra-month trends up…
On a price basis, 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.
A rally into January ’24 would fulfill the latest phase of an uncanny ~2-Year Cycle.
In 2018, stocks rallied strongly from Oct ’17 into Jan ’18.
In 2020, stocks rallied strongly from Oct ’19 into Jan ’20.
In 2022, 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.”
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 – likely lasting into January 2024 and validating the latest phase of the uncanny 2-Year Cycle.
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.