Stocks Validating March 19 – 26 Outlook
Stocks Validating March 19 – 26 Outlook!
Projected Sharp Decline Underway…
Should Accelerate Down into March 26.
03/22/18 Weekly Re-Lay Alert: Stock Indices have quickly reached a decisive level, prompting the need to update trailing stops on the current short position. Most indexes have dropped sharply enough to attack their early-March lows…they should continue lower and accelerate down into Monday.
Many have also spiked below daily & weekly HLS levels. If this weakness is to continue into March 26, as is currently expected, those indexes should remain below those levels and probably see another round of selling in the final hour of pit-session trading today…
1 – 4 week traders could have sold June e-mini SP futures contracts at an avg. of about 2722/ESM and should …”
Stock Indexes fulfilled intermediate analysis for a reversal lower on March 12. At that time, the S+P 500 provided the textbook setup and triggered a daily trend sell signal on March 12. That coincides with daily cycles in the DJIA and the likelihood for another drop – ideally lasting into March 26 – 30. All of the Indices then triggered new 1 – 2 week sell signals on March 20/21 – projecting an accelerated sell-off on March 21 – 26. That is now underway, but much lower levels are expected by Monday!
At the same time, Gold is validating the latest buy signal and should begin to surge on March 22/23… as part of the projected advance from March 2 into May 14 – 18!
See Weekly Re-Lay & INSIIDE Track for additional details.