Mark Rivest

Gold Topping Process – Part Two – 09/12/24

The 09/05//24 blog “Gold Topping Process – 09/05/24” noted “Gold in U.S. dollars could soon make a new all – time high in the area of 2,540 to 2,550”. Today 09/12/24 Gold in U.S. dollars (XAUUSD) made a new all-time high at 2.560.16. The weekly Gold chart courtesy of Trading View updates the long-term action.Continue reading “Gold Topping Process – Part Two – 09/12/24”

U.S. 30 – Year Treasury Yield Update – 09/06/24

The 08/04/24 blog “U.S. 30 – Year Treasury Yield – Fibonacci Time and Price Analysis” illustrated price and time targets for the U.S. 30 – year Treasury yield (TYX). Weekly Fibonacci time analysis targeted the first week of September 2024 for a potential turn. Daily Fibonacci time analysis targeted 08/30/24 for a possible turn date.Continue reading “U.S. 30 – Year Treasury Yield Update – 09/06/24”

Downside Rollover of the S&P 500 – September 2024

The 09/01/24 blog “Dow Jones Industrial Average – Fibonacci Price and Time Relationships- August 2024” noted that the Dow Jones Industrial Average could decline after Labor Day. Immediately after Labor Day most U.S. stock indices began to fall. Momentum indicators imply this could be the beginning of a significant drop. The weekly S&P 500 (SPX)Continue reading “Downside Rollover of the S&P 500 – September 2024”

Gold Topping Process – 09/05/24

Gold in U.S. dollars could soon make a significant peak. The 08/25/24 blog “Gold Update – 08/23/24 noted. “If Gold can move above its current all-time high set on 08/20/24 the rally may not last very long or go very high.” On 09/05/24 Gold in U.S. dollars (XAUUSD) appears to be poised to move aboveContinue reading “Gold Topping Process – 09/05/24”

Dow Jones Industrial Average Important Top – 08/30/24

Recent blogs on this website illustrated the Dow Jones Industrial Average (DJI) could make an important top on 09/03/24. It now appears an important top may have been made on 08/30/24. The DJI 5 – minute chart courtesy of Trading View updates the action. From the 08/22/24 bottom the DJI appeared to be forming anContinue reading “Dow Jones Industrial Average Important Top – 08/30/24”

Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024

The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”

Dow Jones Industrial Average – Trendlines

The 08/29/24 blog “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24” illustrated the Dow Jones Industrial Average (DJI) was approaching a rising trendline connecting the December 2022 and July 2024 peaks. On 08/30/24 the DJI came closer to the trendline when it made another new all-time high. There’s also aContinue reading ” Dow Jones Industrial Average – Trendlines”

Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24

On 08/29/24 the Dow Jones Industrial Average (DJI) made another new all-time high unconfirmed by the S&P 500 and the Nasdaq Composite. The DJI may have also completed an Elliott wave – extended Impulse pattern from the October 2022 bottom. The daily DJI chart courtesy of Trading View illustrates the long – term Elliott waveContinue reading “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24”

Prime Time for U.S. Stock Bears

Seasonally U.S. stocks can decline from May until October. Sometimes during persistent bull trends U.S. stocks could peak in late August or early September. Examples of this phenomenon occurred in September 1929, August 1987 and September 2000. A recent bearish momentum divergence could be signaling a sharp August to October 2024 stock decline. The dailyContinue reading ” Prime Time for U.S. Stock Bears”

Gold Update – 08/23/24

The 08/17/24 blog “Super Bearish Message from Gold and Silver” illustrated that Gold (XAUUSD) could be forming the final wave of an Elliott wave – Ending Diagonal Triangle (EDT). Typically, EDT’s fifth wave has a throw over of the trendline connecting the termination points of the first and third wave. This occurred on 08/20/24 oneContinue reading “Gold Update – 08/23/24”