The 07/27/21 blogs, “Market Nexus Points” and “Market Nexus Points – Part Two” examined S&P 500 (SPX) nexus points using logarithmic scale. This blog examines a potential nexus point using arithmetic scale. R.N Elliott stated that when using trend lines to aid in the discovery of wave patterns, its possible to use both logarithmic andContinue reading “Market Nexus Points – Part Three”
Monthly Archives: August 2021
Nasdaq Composite Fibonacci Points
A follower to this blog asked if there was a Fibonacci resistance level for the Nasdaq Composite. The 07/05/21 blog “The next S and P 500 Resistance Level’’ measured the S&P 500 (SPX) growth from March 2009 to April 2010 with the SPX rally from March 2020. This examination showed that the rally from MarchContinue reading “Nasdaq Composite Fibonacci Points”
Diminishing New – 52 – Week Highs
Today 08/05/21 the Nasdaq Composite made a new all-time high unaccompanied by the other two main US stock indices, S&P 500 (SPX) and Dow Jones Industrial Average. The SPX all-time high was at 4429.97 made on 07/29/21 , todays SPX high was 4429.55. The daily chart of Nasdaq – New 52 – weeks highsContinue reading “Diminishing New – 52 – Week Highs”
Could August 2, 2021, be an Important Stock Market Top?
Today 08/02/21 the Dow Jones Industrial Average (DJI) made a new all-time high unconfirmed by the other two main US stock indices – S&P 500 (SPX) and Nasdaq Composite. I refer to this situation as a “rule of the majority signal” in this case a bearish signal, the truth is with the two non –Continue reading “Could August 2, 2021, be an Important Stock Market Top?”
Four Dimension Trading 