On 10/11/90 the S&P 500 (SPX) ended a three-month 21% decline. Seventeen – years later on 10/11/07 the SPX completed a five-year bull market. Seventeen years after the 2007 peak and a Fibonacci thirty – four years after the 1990 bottom the SPX may complete a two-year bull market. The monthly SPX chart courtesy ofContinue reading “October Eleventh Connection”
Monthly Archives: October 2024
Complete Disconnect – 10/09/24
The 10/05/24 blog “Analogy Between the S&P 500 in 2007 and 2024” noted. “It’s possible an important 2024 peak could be made within a few trading days of the seventeen – year anniversary of the October 2007 top.” The October 2007 S&P 500 (SPX) peak was on 10/11/07. Today 10/09/24 the SPX made a newContinue reading “Complete Disconnect – 10/09/24”
Rising Tide for Long – Term U.S. Interest Rates
Yields for the 30 – Year U.S. Treasury Bond (TYX) have moved above important chart resistance and could be poised to move higher. The 09/25/24 blog “Rising U.S. Interest Rates – 09/25/24” illustrated that the next TYX resistance point was the 09/03/24 peak at 4.206. Subsequently TYX has moved above that point and has reachedContinue reading “Rising Tide for Long – Term U.S. Interest Rates”
Analogy between the S&P 500 in 2007 and 2024
Sometimes markets can form similar patterns to prior bull or bear movements. What’s happening to the S&P 500 (SPX) since July 2024 could be matching the action in 2007. The daily SPX chart courtesy of Trading View compares what’s happening in 2024 to 2007. On 07/16/07 the SPX made an intermediate top then declined intoContinue reading “Analogy between the S&P 500 in 2007 and 2024”
Important Double Bottom – 10/02/24
The S&P 500 (SPX) has formed a double bottom which could be the most important near – term area on the chart. The 30 – minute SPX chart courtesy of Trading View illustrates the intraday action. Today 10/02/24 the SPX low of the day was 5,674.00 almost a bulls eye hit of the bottom madeContinue reading “Important Double Bottom – 10/02/24”
Four Dimension Trading 