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”
Author Archives: Mark Rivest
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”
Important Support and Resistance Levels for U.S. Stocks
Elliott wave patterns for the S&P 500 (SPX) reveal important points to watch on 06/09/25. After the 04/07/25 U.S. stock market bottom the Nasdaq 100 (NDQ) was leading the way higher. In mid – May – NDQ had a subtle sign of weakness. On 05/16/25 the S&P 500 (SPX) made a new rally high thatContinue reading “Important Support and Resistance Levels for U.S. Stocks”
The Strongest Magnificent Seven Stock
The prior blog “Tesla Downside Action” examined the weakest Magnificent Seven Stock – Tesla Inc. The focus now shifts to the strongest Magnificent Seven stock – Microsoft Corporation (MSFT), which so far is the only one of the seven stocks to make a new all-time high. The weekly MSFT chart courtesy of Trading View illustratesContinue reading “The Strongest Magnificent Seven Stock”
Tesla Inc. Downside Action
The 06/01/25 blog “Could One Stock Signal a U.S. Bear Market?” noted that Tesla Inc. (TSLA) had generated amazing signals in the prior two trading days. The following daily chart courtesy of Trading View is a reprint of the TSLA chart illustrated in the 06//01/25 blog. The blog concluded with this forecast. “In the comingContinue reading “Tesla Inc. Downside Action”
Four Dimension Trading 