Mark Rivest

Using Volume Profile to Find Support and Resistance

Volume Profile places volume on a vertical axis, it displays the distribution of trading volume across different price levels over a specified period. This helps traders identify areas of high and low trading activity and potential support/resistance levels. The 60 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates recent Volume profile action.Continue reading “Using Volume Profile to Find Support and Resistance”

Choppy Stock Rally

The S&P 500 (SPX) move up from the 03/13/25 bottom has the choppy look of an Elliott wave corrective pattern. The daily SPX chart courtesy of BigCharts.com updates the bigger picture. The BigCharts.com Slow Stochastic indicator is very effective in identifying market turns. So far, Slow Stochastic has not reached the overbought zone which beginsContinue reading “Choppy Stock Rally”

S&P 500 – Near Dual Resistance

The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. The SPX is close to a Fibonacci .382 retracement of the 02/19/25 to 03/13/25 decline. This level was illustrated in the 03/15/25 blog “U.S. Stocks Could Rally into 03/19/25”. The potential resistance level is near the SPX 200 – day Simple MovingContinue reading “S&P 500 – Near Dual Resistance”

Forecast – S&P 500 Intermediate Bottom – 04/03/25

Trendline and Fibonacci time analysis indicate the S&P 500 (SPX) could make an intermediate bottom on or near 04/03/25. The first daily SPX chart courtesy of Trading View illustrates the long-term picture. The two most significant bottoms of the October 2022 to February 2025 SPX bull market occurred in October 2023 and August 2024. MarketsContinue reading “Forecast – S&P 500 Intermediate Bottom – 04/03/25”

U.S. Stocks Could Rally into 03/19/25

Short-term momentum and price evidence suggests stocks could rally into the U.S. – FOMC interest rate announcement on 03/19/25. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates the short-term action. On 03/13/25 SPX bottomed out just above round number support at 5,500. Hourly RSI and MACD had significant bullish divergences. At theContinue reading “U.S. Stocks Could Rally into 03/19/25”

Watch For an S&P 500 – Death Cross – Part – Two

This site’s prior blog noted. “Anything can happen in the markets, and we are always testing our hypothesis. The first test comes in the week of 03/10/25 to 03/14/25. If the SPX moves back below its 200 – day SMA and it’s 03/07/25 bottom, there’s a high probability of more downside action”. The dailyContinue reading “Watch For an S&P 500 – Death Cross – Part – Two”

Something Different has Happened

When markets undergo a major change in trend there’s usually a dramatic signal, something out of the ordinary that strongly implies a new trend. On 03/04/25 something happened in the U.S. stock market that had not occurred in fifteen – month rally that began in October 2023. First, we need to get the proper perspectiveContinue reading “Something Different has Happened”

Watch for an S&P 500 – Death Cross – March 2025

In the next few weeks, the S&P 500 (SPX) could have a Death Cross. If so, this could be one of the most important signals for U.S. stocks in 2025. A Death Cross occurs when the 50 – day moving average of price moves below the 200 – day moving average of price. The inverseContinue reading “Watch for an S&P 500 – Death Cross – March 2025”

Bullish Divergences Blown Away – 03/07/25

The 03/03/25 blog “The Three – Minute Rally” noted. “In the very near – term if the SPX goes below its 03/03/25 bottom, watch the daily RSI. In powerful moves up or down RSI bullish divergences are blown away. If the current daily SPX – RSI bullish divergence is erased, it could mean the SPXContinue reading “Bullish Divergences Blown Away – 03/07/25”

The Three – Minute Rally – 03/03/25

On 02/28/25 the short – term momentum for the S&P 500 (SPX) was bullish suggesting a rally of at least one trading day – it lasted three – minutes. The SPX 15 – minute chart courtesy of trading view updates the short – term action. The SPX made its 03/03/25 intraday high three – minutesContinue reading “The Three – Minute Rally – 03/03/25”