Weekly Timing Array Articulation
The next target will be the week of November 2nd, that is reinforced by also a Directional Change Target. However, we also see that there is another Directional Change due in the next session with the opposite trend implied thereafter into the week of November 9th (NOTE: this can be intraday or on a closing basis).
The strongest target in the Weekly array is the week of November 30th for a turning point ahead, at least on a closing basis. We have overall 2 Weekly Directional Change targets ahead and 1 that also aligns with a main turning point on the top line of the Array. Therefore, this target should be an important one. This target in time is the week of November 2nd. Directional Change targets that align with the top line for turning points often unfold as the main cyclical events. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction. It does appear we have a choppy period starting the week of October 26th until the week of November 30th with each target producing the opposite direction for that 6-week period. Thereafter, we see the next target coming into play as the week of December 14th until the week of January 4th with again each target producing the opposite direction for that 4-week period.
However, the important target during that period will be the week of January 4th. Still, when we look at the next higher time level, we see that a high formed during Monthly.
Keep in mind that given the sharp decline of 18% from the last high established the week of August 31st, that if we continue to move in the same direction after one target, then the move will not subside until the next target in time is reached. We have elected 2 Bearish Reversals from the last high thus far to date.
