Author Archives: Mark Rivest

Examination of the NYSE – Advance/Decline Line

A follower to this website made a very interesting comment regarding the NYSE – A/D line, stating that the NYSE Composite (NYA) peaked in February and the NYSE – A/D line made a new high on 05/06/26.  This is a bullish divergence that requires further examination.  The daily NYA and S&P 500 (SPX) chart courtesyContinue reading “Examination of the NYSE – Advance/Decline Line”

The Fibonacci 1.618 – Solution

The powerful S&P 500 (SPX) rally since the 03/30/26 bottom is probably still developing.  A Fibonacci inverse ratio forecasted the level of the SPX January 2026 peak, could also predict an SPX peak in May 2026. The 12/27/25 blog “Rendezvous of Price and Time – December 2025” illustrated that the SPX – February to AprilContinue reading “The Fibonacci 1.618 – Solution”

          Semiconductor Sell Signal – 05/04/26

For several months the PHLX – Semiconductor index (SOX) has been the leading sector of the U.S. stock market.  There may have been a major sell signal on 05/04/26. The daily SOX chart courtesy of Trading View illustrates the action.  On 05/04/26 – SOX made a new all-time high and ended the session below itsContinue reading ”          Semiconductor Sell Signal – 05/04/26″

Momentum at a Potential Blowoff Top – May 2026

Long – term external and internal momentum indicators reveal fascinating aspects for the U.S. stock market. The weekly S&P 500 (SPX) chart courtesy of Trading View illustrates external momentum. Note weekly RSI reading as of 05/01/26 has a bearish divergence vs. the readings made in late 2025.  There is currently not a near – termContinue reading “Momentum at a Potential Blowoff Top – May 2026”

Blowoff Top – 05/01/26

The S&P 500 (SPX) and Nasdaq Composite (IXIC) rallies from 03/30/26 may have culminated in blowoff tops. The daily SPX chart courtesy of Trading View shows the recent action. The candlestick chart illustrates a formation called a “Shooting Star” occurring on 05/01/26 which implies a bearish reversal.  This happened on a Full Moon.  Sometimes NewContinue reading “Blowoff Top – 05/01/26”

Short – Term S&P 500 – Elliott Wave Count – 04/30/26

The 04/25/26 blog “Short-Term S&P 500 – Elliott Wave Count – 04/24/26” illustrated that the S&P 500 (SPX) could be in a developing Elliott wave – Impulse pattern since the 03/30/26 bottom.  The one – hour SPX chart courtesy of Trading View updates the Elliott wave count. The 04/25/26 blog illustrated the 04/23/26 bottom asContinue reading “Short – Term S&P 500 – Elliott Wave Count – 04/30/26”

The Case for Higher U.S. Interest Rates – Part Two

The 03/22/26 blog “The Case for Higher U.S. Interest Rates – March 2026” illustrated that the CBOE 30 – Year Treasury Bond Yield may have completed a multiyear Elliott wave – Horizontal Triangle at the 02/27/26 bottom.  This wave count could be correct; however, there’s an alternate wave count in which the multiyear Horizontal TriangleContinue reading “The Case for Higher U.S. Interest Rates – Part Two”

Short-Term S&P 500 – Elliott Wave Count – 04/24/26

On 04/24/26 two of the three main U.S. stock indices, S&P 500 (SPX), and Nasdaq Composite made all-time highs.  This is a bullish movement.  The SPX – Elliott wave count from the 03/30/26 bottom gives us a clue of where this index could be in the short-term cycle. The 60 – minute SPX chart courtesyContinue reading “Short-Term S&P 500 – Elliott Wave Count – 04/24/26”

New Highs and Sudden Reversal – 04/23/26

On 04/21/26 only the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the other two main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average.  This was illustrated in the 04/21/26 blog “Bearish Momentum Signal – 04/21/26”.  The bearish signal is invalidated if two of the three main stock indices makeContinue reading “New Highs and Sudden Reversal – 04/23/26”