The 10/24/24 blog “Russell 2000 – Impulse Down” illustrated that the Russell 2000 (RUT) could rally into a target zone between 2,235 and 2,255. The 5 – minute RUT chart courtesy of Trading View shows what happened. The rally after the 10/23/24 bottom is a clear Elliott wave – Single Zigzag pattern which is presumablyContinue reading ” Russell 2000 – Impulse Down – Part Two”
Author Archives: Mark Rivest
Russell 2000 – Impulse Down
The Russell 2000 (RUT) – small cap stock index could be in the early part of a rapid move down to the 08/05/24 bottom. The 10/17/24 blog “Mixed Signals – Part Two” illustrated that RUT may have completed an Elliott wave – Ending Diagonal Triangle (EDT). The daily RUT chart courtesy of Trading View updatesContinue reading “Russell 2000 – Impulse Down”
The Triangle Phenomenon
The 10/17/24 blog “Mixed Signals – Part – Two” illustrated that the Russell 2000 (RUT) may have completed an Elliott wave – Ending Diagonal Triangle” from its 08/05/24 bottom. Amazingly one of the three main U.S. stock indices and a major stock may have also completed the same pattern. The 4 – hour Nasdaq CompositeContinue reading ” The Triangle Phenomenon”
Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24
The 09/15/24 blog “Microsoft and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak. Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”
Mixed Signals – Part – Two
Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24. Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day. S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”
Mixed Signals – 10/16/24
The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16. On 10/14/24 one trading day later SPX made a new all-time high. The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”
U.S. Stock Market Momentum and Sentiment – 10/11/24
A web of Fibonacci time cycles indicate that the S&P 500 (SPX) could make a significant turn on or near 10/11/24. Price has risen into the time zone implying a top could form. Price is not the only determining factor to discover potential tops or bottoms. Evidence from sentiment and momentum indicators is needed toContinue reading “U.S. Stock Market Momentum and Sentiment – 10/11/24”
Fascinating Fibonacci Time Relationships
A series of Fibonacci time relationship spanning 34 – years imply the S&P 500 (SPX) may have made an important top on October 11, 2024. The Fibonacci sequence is as follows, (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, – – to infinity). The prior blog “October Eleventh Connection” noted aContinue reading “Fascinating Fibonacci Time Relationships”
October Eleventh Connection
On 10/11/90 the S&P 500 (SPX) ended a three-month 21% decline. Seventeen – years later on 10/11/07 the SPX completed a five-year bull market. Seventeen years after the 2007 peak and a Fibonacci thirty – four years after the 1990 bottom the SPX may complete a two-year bull market. The monthly SPX chart courtesy ofContinue reading “October Eleventh Connection”
Complete Disconnect – 10/09/24
The 10/05/24 blog “Analogy Between the S&P 500 in 2007 and 2024” noted. “It’s possible an important 2024 peak could be made within a few trading days of the seventeen – year anniversary of the October 2007 top.” The October 2007 S&P 500 (SPX) peak was on 10/11/07. Today 10/09/24 the SPX made a newContinue reading “Complete Disconnect – 10/09/24”
Four Dimension Trading 