Author Archives: Mark Rivest

S&P 500 and Bitcoin Relationship

On 10/31/24 both the S&P 500 (SPX) and Bitcoin (BTCUSD) experienced sharp declines; the drop could be heralding a bear market. The weekly BTCUSD chart courtesy of Trading View illustrates its long-term momentum. During the last week of October 2024  BTCUSD may have completed a double top vs. its March 2024 peak.   Because the secondContinue reading “S&P 500 and Bitcoin Relationship”

The Birth of a Bull Market?

The 09/06/24 blog “U.S. Treasury Yield Update – 09/06/24” had these comments. “The other factor that could contribute to TYX trending lower is the U.S. FOMC interest rate decision on 09/18/24.  It’s widely expected that they will cut short-term interest rates by at least .25 basis points, perhaps more.  This could be a classic caseContinue reading “The Birth of a Bull Market?”

  Russell 2000 – Impulse Down – Part Two

The 10/24/24 blog “Russell 2000 – Impulse Down” illustrated that the Russell 2000 (RUT) could rally into a target zone between 2,235 and 2,255.  The 5 – minute RUT chart courtesy of Trading View shows what happened. The rally after the 10/23/24 bottom is a clear Elliott wave – Single Zigzag pattern which is presumablyContinue reading ”  Russell 2000 – Impulse Down – Part Two”

Russell 2000 – Impulse Down

The Russell 2000 (RUT) – small cap stock index could be in the early part of a rapid move down to the 08/05/24 bottom. The 10/17/24 blog “Mixed Signals – Part Two” illustrated that RUT may have completed an Elliott wave – Ending Diagonal Triangle (EDT).  The daily RUT chart courtesy of Trading View updatesContinue reading “Russell 2000 – Impulse Down”

   The Triangle Phenomenon

The 10/17/24 blog “Mixed Signals – Part – Two” illustrated that the Russell 2000 (RUT) may have completed an Elliott wave – Ending Diagonal Triangle” from its 08/05/24 bottom.  Amazingly one of the three main U.S. stock indices and a major stock may have also completed the same pattern. The 4 – hour Nasdaq CompositeContinue reading ”   The Triangle Phenomenon”

Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24

The 09/15/24 blog “Microsoft  and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak.  Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”

Mixed Signals – Part – Two

Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24.  Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day.  S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”

Mixed Signals – 10/16/24

The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16.  On 10/14/24 one trading day later SPX made a new all-time high.  The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”

U.S. Stock Market Momentum and Sentiment – 10/11/24

A web of Fibonacci time cycles indicate that the S&P 500 (SPX) could make a significant turn on or near 10/11/24.  Price has risen into the time zone implying a top could form.  Price is not the only determining factor to discover potential tops or bottoms.  Evidence from sentiment and momentum indicators is needed toContinue reading “U.S. Stock Market Momentum and Sentiment – 10/11/24”