Market Direction and Stock Trends

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Alert »» The Dow into February
By: Hedgopia | January 17, 2019

Now, when we turn to the Weekly Timing Array, we can see we have a Directional Change coming into play next week followed by a Panic Cycle the the week of the 28th. The strongest target will be mid February.

Keep in mind that TIMING is #1 and PRICE is #2. Therefore, which it remains possible to test the Weekly Bullish Reversal in the 25,000 zone, we run out of time by Monday 21st. That means WHATEVER high we reach on Monday will most likely be the end of the bounce.

The market closed too far above the Daily Bullish so it moves back to retest. The fact that the market is not running away to the upside, warns we may not be able to reach the 25,000 area by Monday. We do have a Daily Bullish at 24952. There just appears to be a large gap between the 24,000 and 25,000 levels.

Normally, with the Weekly Bullish not coming into play until 25,000 when the market fell to 21,712, This setup also warns that we may yet make a new low but hold 21,600 on a monthly closing basis. That would then bring the Weekly Bullish down significantly closer to the current trading levels. When that happens, it will increase the chances that the low for the year is in place.

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