Mark Rivest

Prelude to a Short- Term Bottom?

The 06/16/22 blog “Forecast for a Short-Term Bottom” noted that a S&P 500 (SPX) daily MACD bearish crossover could be forecasting a short-term bottom sometime in the last week of June 2022. Subsequently US stocks have rallied, this move could be the prelude for another decline. The 05/28/22 blog “Examination of Two Major Bear Markets”Continue reading “Prelude to a Short- Term Bottom?”

Dow Jones Industrial Average Long – Term Time Forecast

Since the Dow Jones Industrial Average (DJI) major peak in January 2000 the two subsequent bear and bull markets have had Fibonacci time ratio relationships. Assuming the January 2022 DJI top holds, these Fibonacci ratio relationships could project when the current bear market ends. The Fibonacci sequence is as follows (1, 1, 2, 3, 5,Continue reading ” Dow Jones Industrial Average Long – Term Time Forecast”

Forecast for a Short – Term Bottom

On 06/10/22 the S&P 500 (SPX) – daily MACD had a bearish lines cross over below the zero line. This is a rare event, the last time it happened was on 12/17/18, that occurrence could help to discover a short-term bottom for the current SPX decline. The daily SPX chart courtesy of Trading View illustratesContinue reading ” Forecast for a Short – Term Bottom”

Suspicious Stock Rally

Today 06/15/22 after the FOMC announcement US stocks rallied then had a deep retracement of the move up from the bottom made on 06/14/22. The S&P 500 (SPX) 5 – minute chart courtesy of Trading View illustrates the action. At the 06/15/22 low the SPX retraced about 80% of the rally from 06/14/22. Just beforeContinue reading ” Suspicious Stock Rally”

The Next S&P 500 – Support Level

Today 06/14/22 the S&P 500 (SPX) moved marginally below the declining daily trendline support and chart support from bottoms made in March 2021. Because the move below support was minor it could be break out fake out. On 06/15/22 the FOMC interest decision could trigger a more decisive move. If the move is down PointContinue reading “The Next S&P 500 – Support Level”

Watch the S&P 500 – Trendline – Part Two

The 06/11/22 blog “Watch the S&P 500 – Trendline” concluded with the following. “The bears are in control – important points to watch are – support zone near 3880, the 05/20/22 bottom at 3810.32, and the declining daily trendline.” The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. Today 06/13/22 theContinue reading “Watch the S&P 500 – Trendline – Part Two”

“Growth” of $10,000

The speculative forces that drive Stocks and Bitcoin roughly trend together. The daily S&P 500 (SPX) and Bitcoin in US dollars (BTCUSD) courtesy of Trading View illustrates their relationship. Both made tops in early 2020 and had crash bottoms March of 2020. BTCUSD made its all-time high on 11/10/21 the SPX topped on 01/04/22. OctoberContinue reading ” “Growth” of $10,000″

Watch the S&P 500 – Trendline

This current blog was going to be a comparison of the stock bear market of 2007 to 2009 with the 2022 decline. The powerful move down of US stocks on 06/10/22 has cause that comparison to be put on hold. The 06/09/22 blog “Break of S&P 500 Support” noted that the rally after the 05/20/22Continue reading “Watch the S&P 500 – Trendline”

Break of S&P 500 Support

Today 06/09/22 the S&P 500 (SPX) broke below important support at 4073.84 which opens the door for additional decline. The SPX 30 – minute chart courtesy of Trading View illustrates the action. This chart updates the SPX 15 – minute chart illustrated in the 06/04/22 blog “Three Possible Paths for the S&P 500”. That chartContinue reading ” Break of S&P 500 Support”

The Bulls Hold Their Ground

Today 06/07/22 the S&P 500 (SPX) opened down sharply from the prior session and looked like it would break below important support. The 30 – minute SPX chart courtesy of Trading View illustrates the action. The support held, and for most of the session the SPX trended higher. The late session break above the decliningContinue reading “The Bulls Hold Their Ground”