Stocks Validating 2-Year Cycle; Project Overall Surge into January 2024.
12/02/23 – “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 remain strong and on track for an overall advance into January ’24 – when the latest phase of an uncanny ~2-Year Cycle recurs.
That cycle was in focus – and repeatedly discussed – in early-2020, when a multi-month peak was forecast for Jan/Feb ’20.
It was in focus leading into 1Q ’22 – when a 1 – 2 year peak was projected.
And it is now again in focus, when (at least) a multi-month top is projected… in Jan ’24.
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…
On a price basis, the DJIA could reach its multi-year LLH (39,107/DJIA) in January & fulfill a major upside objective created by its 2020 & 2022 lows…
Stock Indices hesitated after rallying into Nov 20 – 24 and fulfilling the latest phase of a ~6-week/~42-day high-low-low-low-high-high-
Stock Indexes are reinforcing multi-week buy signals, generated after fulfilling a myriad of downside price & timing objectives, wave targets, and cycles converging on Oct 27/30, ‘23. That has ushered in the projected 4Q 2023 advance – likely lasting into January 2024.
How High Could Projected October – January Surge Reach?
What is in Store for 2024/2025?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.