Author Archives: Mark Rivest

Momentum into the Final Countdown

U.S. stock market momentum indicators imply a peak could be forming. The daily S&P 500 (SPX) chart courtesy of BigCharts.com examines external momentum. Momentum oscillators are like fuel gauges and can sometimes measure how far a market or a stock can move.  The 06/23/25 blog “Reaction to Big News” noted. “BigCharts.com Slow Stochastic is veryContinue reading “Momentum into the Final Countdown”

Fibonacci Resistance Zone

The S&P 500 (SPX) is near three important Fibonacci coordinates and could make a significant peak on 06/27/25. The weekly SPX chart courtesy of Trading View illustrates long – term Fibonacci resistance. Within Elliott motive waves there’s usually a Fibonacci relationship between the first and fifth waves.   When measuring larger percentage movements, it’s usually moreContinue reading “Fibonacci Resistance Zone”

Five – Year Elliott Impulse Wave

The S&P 500 (SPX) could soon be completing a five – year Elliott Impulse wave that began in March of 2020. The weekly SPX chart courtesy of Trading View illustrates the long – term picture. The SPX could be completing a presumed Intermediate wave (5) up from the major bottom made in March 2020.   AContinue reading “Five – Year Elliott Impulse Wave”

Reaction to Big News

The U.S. attack on the Iranian nuclear facility was HUGE news.  Presumably the escalation of violence in the middle east could trigger a large global stock decline.  It did not.  The S&P 500 (SPX) opened the 06/23/25 session above the 06/20/25 session close, then rallied for 50 – minutes.  During the subsequent decline SPX wentContinue reading “Reaction to Big News”

Rounding Top for U.S. Stocks? – Part Two

This website 06/19/25 blog illustrated that the S&P 500 (SPX) had formed a rounding top – a prelude to a sharp decline. 06/20/25 was a quadruple witching day. This event occurs four times a year, specifically on the third Friday of March, June, September, and December. These days, four types of financial derivatives expire simultaneously:Continue reading “Rounding Top for U.S. Stocks? – Part Two”

Rounding Top for U.S. Stocks?

The 06/15/25 blog “Termination Patterns Completed” illustrated that the S&P 500 (SPX) probably completed an Elliott wave – Ending Diagonal Triangle.  Usually after completion of this pattern there’s a rapid change of direction.  However, since the SPX 06/11/25 peak the tenacious bulls have kept prices in a sideways range.   Could this be the prelude toContinue reading “Rounding Top for U.S. Stocks?”

Termination Patterns Completed

All three of the main U.S. stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) have completed upside Elliott wave – Ending Diagonal Triangles (EDT).  There’s a high probability these indices could soon reach the bottoms made on 05/23/25. The one – hour SPX chart courtesy of Trading View updatesContinue reading “Termination Patterns Completed”

Crude Oil Spike Up – 06/13/25

The Israel attacks on Iran triggered a seven percent move up in Crude Oil price.  This surge could be the early part of a multi-month bull market. The monthly Crude Oil – Continuous contract (CL2!) chart courtesy of Trading View illustrates the long-term view.  A three-year Crude Oil bear market may have concluded at theContinue reading “Crude Oil Spike Up – 06/13/25”

Bearish Flip Day for U.S. Stocks

There’s a high probability that U.S stocks have flipped from a bullish to bearish trend on 06/11/25. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. On 06/11/25 the SPX made a new post 04/07/25 rally high, yet it ended the session below the close of the 06/10/25 session. Also, thereContinue reading “Bearish Flip Day for U.S. Stocks”