Mark Rivest

Sentiment and Momentum for U.S. Stocks at Amazing Levels

The daily VIX chart courtesy of Trading View illustrates long term sentiment. The VIX, which is also referred to as the fear index, is very effective identifying S&P 500 (SPX) bottoms. VIX spikes up correspond to SPX spikes down. The big question, how high do the VIX spikes go before the SPX bottoms? The RSIContinue reading “Sentiment and Momentum for U.S. Stocks at Amazing Levels”

S&P 500 – Price and Time Targets Hit!

The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom around the 08/05/24 mini crash bottom 04/03/25 or 04/04/25. The 08/05/24 bottom was at 5,119.26, the low SPX low on 04/04/25 was 5,069.90. Evidence from SPX momentum oscillators reveal clues to what could soon happen. TheContinue reading “S&P 500 – Price and Time Targets Hit!”

Sell on the Tariffs

The S&P 500 (SPX) rallied most of the 04/02/25 session in anticipation of U.S. President Trump’s tariff speech just after 4:00 PM – EDT. Minutes after the speech began the S&P 500 – Futures went into a huge decline that soon wiped out all the SPX 04/02/25 gains. What were the bulls thinking prior toContinue reading “Sell on the Tariffs”

Alternate Time Forecast for Intermediate S&P 500 Bottom

The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom in the 5,100 area on 04/03/25 or 04/04/25. The price forecast remains the same and given the SPX powerful decline on 03/28/25 it’s possible to reach 5,100 by 04/03/25 or 04/04/25. However, there is another timeContinue reading “Alternate Time Forecast for Intermediate S&P 500 Bottom”

Lessons From the 200 – Day Moving Average

A very effective indicator to determine the long – term trend of a market or a stock is the 200 – day moving average of price. Generally, when price is above the 200 – day moving average, the trend is bullish. When the price is below the average the trend is bearish. When price isContinue reading “Lessons From the 200 – Day Moving Average”

S&P 500 – Resistance Update – 03/24/25

The daily S&P 500 (SPX) chart courtesy of BigCharts.com updates the action. On 03/24/25 the SPX moved above the Fibonacci .382 retracement level of the February to March 2025 decline and the 200 – day Simple Moving Average (SMA). Of the two the widely followed 200- day SMA is more important. If SPX continuesContinue reading “S&P 500 – Resistance Update – 03/24/25”

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”