Pre-Holiday Stock Rally – 07/03/25

In a shortened pre – holiday session the S&P 500 (SPX) blasted up to new highs.   Near – term U.S. stocks could climb higher.  In the longer – term the post 04/07/25 stock rally is probably the termination phase of a secular bull market that began in March 2020.  Prior blogs on this website illustratedContinue reading “Pre-Holiday Stock Rally – 07/03/25”

   A Turn in the Tide? – 07/01/25

An important peak for U.S. stocks could be in place. The hourly S&P 500 (SPX) chart courtesy of Trading View updates the action. The 06/27/25 blog “It’s the Final Countdown!” noted that the SPX could make a new high and possibly peak in the first hour of trading on 06/30/25.  The price range for aContinue reading ”   A Turn in the Tide? – 07/01/25″

Trend Angles into the Final Countdown

The S&P 500 (SPX) rally since 04/07/25 has a steeper angle than any other rally in nearly three years.  This action could be the sign of a blow off top. The daily SPX chart courtesy of Trading View examines the bull market since the significant bottom made in October 2022. The rally angle since 04/07/25Continue reading “Trend Angles into the Final Countdown”

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?”