S&P 500 (SPX) short – term Elliott wave pattern implies a large drop developing. The SPX – 4-hour bar chart courtesy of Trading View illustrates the intraday action since late April 2026. The patterns since the 07/15/26 peak appears to be an Elliott wave series of “one’s” and “two’s” which are usually the prelude strongContinue reading “Setup for a Dynamic Decline – July 2026”
Author Archives: Mark Rivest
The New Leader for U.S. Stocks?
In recent weeks Financial stocks have been the most bullish U.S. stock market sector. This rally could be the last gasp of a dying bull market. The daily charts of State Street – Financial Sector (XLF) and State Street – Technology Sector (XLK) courtesy of Trading View illustrate their relationship. Technologies have been the trueContinue reading “The New Leader for U.S. Stocks?”
Important Support Levels – July 2026
On 07/23/26 S&P 500 (SPX) decline 1.20% if the decline is to continue there are two important support levels that need to be broken. The first support level is illustrated in the daily SPX chart courtesy of Trading View. SPX on 07/23/26 went marginally below a Fibonacci .618 retrace of the 06/26/26 to 07/15/26 rally. Continue reading “Important Support Levels – July 2026”
Amazing Lunar Cycles – May to July 2026
Sometimes markets can make turns at New or Full Moons plus or minus two trading days. From May to July 2026 four of the five lunar cycles have signaled S&P 500 (SPX) turns. The SPX – 4 – hour bar chart courtesy of Trading View illustrates the phenomenon. The 05/18/26- New Moon was one tradingContinue reading ” Amazing Lunar Cycles – May to July 2026″
The Triangle of Death – Part Two
The large drop of U.S. stocks on 07/17/26 implies an important peak may have been made on 07/15/26. This website’s prior blog illustrated S&P 500 (SPX) could be completing an Elliott wave – Ending Diagonal Triangle (EDT) from the 06/09/26 bottom. There are always alternate Elliott wave counts. Today’s blog illustrates two alternate counts. TheContinue reading ” The Triangle of Death – Part Two”
The Triangle of Death – July 2026
S&P 500 (SPX) could be forming an Elliott wave – Ending Diagonal Triangle that could be the death of the bull market that began in April 2025. The one – hour SPX chart courtesy of Trading View illustrates the intraday action since late May 2026. Elliott wave Ending Diagonal Triangles (EDT) are termination patterns thatContinue reading “The Triangle of Death – July 2026”
Conflicting Momentum Indicators – July 2026
As we enter mid – July 2026 two U.S. stock market momentum indicators are giving conflicting messages. First a look at the Advance/Decline (A/D) line which has a long history of forecasting significant U.S. stock market turns. The A/D line peaks prior to stock index ultimate peaks, creating a bearish divergence. At significant bottoms theContinue reading “Conflicting Momentum Indicators – July 2026”
Weak Trendline Breakthrough – 07/10/26
The prior blog “Prelude to New Highs? – July 2026” illustrated that the S&P 500 (SPX) since 06/02/26 may have formed an Elliott wave – Horizontal Triangle. As of 07/09/26 SPX was at the edge of a declining trendline from the 06/15/26 peak. The break above this trendline on 07/10/26 should have triggered a powerfulContinue reading “Weak Trendline Breakthrough – 07/10/26”
Prelude to New Highs? – July 2026
The S&P 500 (SPX) could be close to making new all-time highs. Since the 06/02/26 peak SPX has meander sideways. The 3 – hour SPX chart courtesy of Trading View illustrates the most likely Elliott wave count. SPX since its all-time high on 06/02/26 appears to have formed an Elliott wave – Horizontal Triangle. TheseContinue reading “Prelude to New Highs? – July 2026”
The Lonely Dow Jones Industrial Average – July 2026
The Dow Jones Industrial Average (DJI) continues to be the only main U.S. stock indices making all-time highs. The daily chart of DJI, S&P 500 (SPX), and Nasdaq Composite (IXIC) courtesy of Trading View updates the action of the three main U.S. stock indices. When only one of the three main U.S. stock indices isContinue reading “The Lonely Dow Jones Industrial Average – July 2026”
Four Dimension Trading 