Author Archives: Mark Rivest

 Seasonal Patterns of the S&P 500

What happens in April could determine the course of U.S. stocks for the remainder of 2024. Most perhaps all markets have seasonal tendencies.   Sometimes the most powerful signals can occur when a  market moves counter to its seasonal pattern. The monthly 2007 to 2009 – S&P 500 (SPX) chart courtesy of Trading View illustrates aContinue reading ” Seasonal Patterns of the S&P 500″

  Short-Term S&P 500 – Downside Projection

Intraday S&P 500 (SPX) Elliott wave  patterns and Fibonacci analysis imply more downside action. The 5 – minute SPX chart courtesy of Trading View illustrates what’s happened since its all-time high. The decline from the SPX 03/28/24 peak appears to be a series of “one’s” and “two’s”.   In down trending markets this is one ofContinue reading ”  Short-Term S&P 500 – Downside Projection”

Quarter Turn – Stock Market Turn

The start of the 2024 second quarter has seen declines in the U.S. and other national stock markets.  The 03/24/24 blog “Major Fibonacci Time Cycles” illustrated an S&P 500 (SPX)   turn in  March 2024 using Fibonacci sequence numbers.   The SPX all-time high came on 03/28/24.  If the March 2024 SPX high holds it could beContinue reading “Quarter Turn – Stock Market Turn”

Two Characteristics of a High Probability Winning Trade

One market currently has two factors that strongly imply at least a one-month bull run.  That market is Soybeans.  Most of the information about the current Soybean bullish set up comes from a recent interview with the legendary trader, author, and market analyst Larry Williams. The weekly continuous Soybean chart courtesy of Barchart.com illustrates theContinue reading “Two Characteristics of a High Probability Winning Trade”

     Russell 2000 – at Resistance

Elliott wave patterns along with Fibonacci and chart resistance, suggest the Russell 2000 (RUT) rally may have ended. The weekly RUT chart courtesy of Trading View illustrates its long-term Elliott wave count. After its all-time high in mid-November 2021 there was a choppy bear phase that terminated in mid- June 2022.   Subsequent to that bottomContinue reading ”     Russell 2000 – at Resistance”

Bearish Rule of the Majority Signal – 03/28/24

On 03/28/24 of the three main U.S. stock indices only the S&P 500 (SPX) made a new all-time high.  The daily SPX, Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) chart courtesy of Trading View illustrates their relationship. When only one of the three main U.S. stock indices makes a new/high unconfirmed by theContinue reading “Bearish Rule of the Majority Signal – 03/28/24”

S&P 500 Intraday Elliott Wave Count – 03/27/24

The 15 – minute SPX chart courtesy of Trading View updates the action.  In  Motive patterns the largest wave “four” Fibonacci retrace of wave “three” is  usually .618.  On 03/26/24 the SPX bottomed out just below this important support level.  Also note the size of the presumed Minute wave “iv” is much larger in timeContinue reading “S&P 500 Intraday Elliott Wave Count – 03/27/24”

Major Fibonacci Time Cycles

Shortly after R.N Elliott discovered the “Wave Theory”  he also found that markets can occasionally have time movements measured by the Fibonacci sequence.   The Fibonacci sequence is as follows ( 1, 1,  2,  3,  5,  8,  13,  21,  34,  55,  89,  144,  to infinity). It’s possible the S&P 500 (SPX) could have a major FibonacciContinue reading “Major Fibonacci Time Cycles”

   March 25, 2024 – Day of Decision?

This websites prior blog noted. “If on 03/22/24 the SPX moves below the 03/21/24 low – it increases the chance that a very important top may have been made at the 03/21/24 high.” On 03/22/24 the S&P 500 (SPX) did move below its 03/21/24 low.  The 5 – minute SPX courtesy of Trading View showsContinue reading ”   March 25, 2024 – Day of Decision?”