No Panic Cycle week. Armstrong's call was (another) failure. According to the site, a Panic Cycle is defined as an outside reversal to penetrate the previous session high or low. This week was an inside session; the Dow did not at any point exceed last week's high or low.
Not only that (the S&P was down a lousy 1% on the week):
What he basically is saying now is: a high around Saturday January 18 (week before or after)= turning down 20%+ into Q1 2021. Only if US share markets make a low on the ECM we would rally in 2020 once we take out 2019 high.
For now, taking out 28.971,94 on a weekly basis could mean going toward 30k.
Again a failure of Armstrong's "if that happens, then this is going to happen". The Dow was down this week and not tested the 30k despite electing the 28.971,94 number the week before that.