Stairsteps to a Reset…

Starting on August 3rd we have seen equity markets follow a stairstep pattern of coming to a reckoning with rising interest rates. I try to keep it simple by monitoring eleven different indices for the underlying movement. At this moment today we have six of the eleven with a C-4 signal, with five approaching that level.

The six that are under a C-4 signal are DJT, DJU, RUT, XLY, DJI, and XLF, arranged in the timing of their signals, first to last. These indices cover the core of the markets.

The five that await a signal are IXIC, SPX, NDQ, XLK, and MAGS, arranged in a probable timing sequence, first to last. These indices have a much higher Tech / AI involvement.

There is a tremendous effort being put forth by the big players to try to keep the remaining five away from a signal, they may succeed or they may not, if they fail, I think you will see a significant reset in the broad market.

October 19 is a cycle day to monitor that could have some bearing on things..