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Gaps Down and New All-Time Highs
On 10/30/26 two of the three main U.S. stock indices gapped down while three S&P 500 sectors made new all-time highs. This unusual combination implies near term bullishness for U.S. stocks. The daily S&P 500 (SPX) and Nasdaq Composite (IXIC) charts courtesy of Trading View show their relationship since July 2026. Their moves down on…
Elliott Wave Update – 10/30/26
The 10/29/26 blog “Elliott Wave Examination of Two U.S. Stock indices” illustrated that the S&P 500 (SPX) could be forming an Elliott wave – Horizontal Triangle. That pattern could still be forming. However, the SPX gap down on 10/30/26 has changed the configuration. The daily SPX chart courtesy of Trading View updates the Elliott wave…
Elliott Wave Examination of Two U.S. Stock indices
Within a few trading days a small number of U.S. stocks could make new all-time highs. Most stocks may rally into secondary peaks. A look at the S&P 500 (SPX) and Russell 2000 (RUT) Elliott wave counts reveal what may happen. The daily SPX chart courtesy of Trading View updates its action. The daily SPX…
