TVC:DJI   Dow Jones Industrial Average Index
Market is approaching the first minor resistance point within the new expansion cycle. We would not entirely say we have a new bull market but we can outrightly dismiss the recession idea that were being chanted all over from the beginning of 2022.

The time point on 26th July by magnitude is a heavy point related to two major market points in the last century, the 1929 Recession top and 1987 crash top. The time separating these two tops was 21175 days or 3025 weeks. It is not the time in days that is of significance but rather how many lunar cycles were contained within this timeline.

Within this time gap from 1929 to 1987 the cycle subdivided perfectly into its composite harmonics defining the 1942, 1953, 1974 and 1982 bottoms and the 1932 - 1966 - 1987 alternating points. Beyond 1987 the Phi expansion also subdivided into the 2000 dotcom bubble, 2008 financial crisis and the 2021 Market top. The exact Phi node is on 26th June 2023.

So we have 3 focal point, 09/1929 - 08/1987 - 06/2023 within which all the subdivisions of crashes, recessions and bubbles were contained. The first two foci, 1929 and 1987 saw market tops, the closing focus on 26th June is next. Some cycle analysts projected a top as in the last two. Given the current minor cycles within price action the market effect is rather composite, a resultant of a 5-year bull cycle and a panic cycle. Both cycles synchronize at a major market low in April 2026 though, so, if a top is made then we have a long way down.
If market breaks this Price-Time barrier then we have an advance that will complete the 5-year bull cycle first in October 2025.

Check back next post for more discussions, good luck

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