Author Archives: Mark Rivest

U.S. 10 Year Treasury Note – Bearish Forecast

In March of 2020 the U.S. 10 Year Treasury Note made a major top.  The subsequent decline lasted more than three years.  The rally from October 2023  to September 2024 has the characteristics of a bounce within a still developing secular bear market.  The move down from the September 2024 peak could be the startContinue reading “U.S. 10 Year Treasury Note – Bearish Forecast”

U.S. Stocks Move Down – 12/27/24

This websites prior blog illustrated that the S&P 500 (SPX) had reached Fibonacci and overhead resistance and noted.  “The wave “c” of a presumed Elliott Wave – Single Zigzag may have terminated on 12/26/24”. The 60-minute SPX chart courtesy of Trading View shows what happened. All three of the main U.S stock indices had significantContinue reading “U.S. Stocks Move Down – 12/27/24”

Santa Claus Rally – 12/26/24

The 12/24/24 blog “Fascinating Elliott Wave Patterns – 12/24/24” noted. “The sharp rally on 12/20/24 could be the “a” wave of an Elliott wave – Single Zigzag.  If so, there’s a good chance for the SPX to rally beyond its 12/19/24 high sometime on 12/23/24 or 12/24/24.”   The wave “c” of a presumed Elliott WaveContinue reading “Santa Claus Rally – 12/26/24”

Fascinating Elliott Wave Patterns – 12/20/24

The S&P 500 (SPX) Elliott wave pattern suggest more downside action. The 30 – minute SPX chart courtesy of Trading View illustrates its presumed Elliott wave count since its all-time high on 12/06/24. The SPX since 12/06/24 appears to be developing a series of “one’s” and “two’s” to the downside.   This is a very bearishContinue reading “Fascinating Elliott Wave Patterns – 12/20/24”

U.S. Stocks Ready to Bounce?

This websites prior blog noted the S&P 500 (SPX) had ended the 12/18/24 main session near two support levels. The daily SPX chart courtesy of Trading View updates the action. The SPX on 12/19/24 failed to break below the upper line of the Ichimoku Cloud and chart support at 5.853.01.  The 15 – minute SPXContinue reading “U.S. Stocks Ready to Bounce?”

Decisive Downside Break – 12/18/24

On 12/18/24 after the U.S. – FOMC decision the S&P 500 (SPX) decisively broke below the rising trendline connecting the 08/05/24 and 11/04/24 bottoms. The daily SPX chart courtesy of Trading View examines the situation. Daily momentum indicators imply more downside action. Only one line of Stochastic has reached the oversold zone. RSI is inContinue reading “Decisive Downside Break – 12/18/24”

Gold Downside Forecast – December 2024

         Gold could make a bottom very late in 2024 or early 2025. The daily Gold Continuous Futures (GC1!) courtesy of Trading View illustrates its action since March 2024. On 10/31/24 Gold Futures peaked at 2,801.20, the subsequent 10 – trading day decline was a five – wave Elliott Impulse pattern.   If so, this couldContinue reading “Gold Downside Forecast – December 2024”

U.S. Interest Rates Surge Higher

With anticipation of a U.S. FOMC short -term rate cut next week, longer – term U.S. rates are rising. The weekly CBOE 30- Year Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long-term Elliott wave count. From March 2020 to October 2023 TYX rallied in a clear five wave extended Impulse pattern. Continue reading “U.S. Interest Rates Surge Higher”

Collapsing Nasdaq Momentum – December 2024

Momentum indicators imply the Nasdaq Composite (IXIC) may have begun a decline of at least 10%. The daily IXIC chart courtesy of Trading View updates external momentum. This websites prior blog noted that IXIC had made a new all-time high without a daily RSI bearish divergence.  On 12/11/ IXIC made a new high,  RSI hadContinue reading “Collapsing Nasdaq Momentum – December 2024”