Momentum and Fibonacci evidence indicates U.S stocks may have made at least an intermediate top. After the 12/20/23 micro crash in U.S. stocks it appeared that an intermediate peak could be in place. Incredibly all three of the main U.S. stock indices continued to rally and moved above their respective pre micro crash highs. TheContinue reading “Amazing Fibonacci Calculations – December 2023”
Author Archives: Mark Rivest
U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23
An intermediate bottom for 30 – year U.S. Treasury Yields could be in place. The weekly CBOE 30 YR Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long- term Elliott wave count. The TYX move up from March 2020 to October 2023 appears to be a completed Elliott wave – Impulse pattern. Continue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23”
Psychological Signposts – December 2023
On rare occasions markets have events that could be called “Psychological Signposts”. These events indicate extreme bullish/bearish sentiment near the end of significant market movements. A classic example of a Psychological Signpost happened in Gold during 1999. During that year some mutual funds focusing on Gold Mining companies closed due to lack of investor demand. Continue reading “Psychological Signposts – December 2023”
S&P 500 – Upside Target for 12/22/23 – Part Two
On 12/21/23 the S&P 500 (SPX) had retraced a Fibonacci .618 of the prior days micro crash. Late trading day momentum signaled the SPX could continue to rally and possibly peak in the 4,758 to 4,762 area. Also noted that if that resistance zone was broken, the SPX could rally to just below its 12/20/23Continue reading “S&P 500 – Upside Target for 12/22/23 – Part Two”
S&P 500 Upside Target for 12/22/23
Many times, after a market trend change there’s can be a deep retracement of the new trends first movement. A simple reason why there could be deep retracements – market participants believe the prior trend is still underway. The 15-minute S&P 500 (SPX) chart courtesy of Trading View shows what happened after the sharp andContinue reading “S&P 500 Upside Target for 12/22/23”
Probable Intermediate Top – 12/20/23
Today 12/20/23 the S&P 500 (SPX) had its fastest and deepest decline since the U.S. stock buying mania began on 10/27/23. When something different happens it usually means a developing trend change. In this case an intermediate decline that could continue for several days or a few weeks. The 3 -hour SPX chart courtesy ofContinue reading “Probable Intermediate Top – 12/20/23”
Projection for Dow Jones Industrial Average – Significant Top
The Dow Jones Industrial Average (DJI) long – term Elliott wave count is similar to the S&P 500 (SPX). Both indices could be in Elliott wave – Expanding Flats that began in January 2022. Two Fibonacci price projections indicate areas where the DJI could make an important peak. The monthly DJI chart courtesy of TradingContinue reading “Projection for Dow Jones Industrial Average – Significant Top”
Projection for S&P 500 – Significant Top
If the S&P 500 (SPX) can make a new all-time high it could herald a new bear market. The 12/14//23 blog noted that the Dow Jones Industrial Average could be forming a Primary degree wave “B” of an Elliott wave – Expanding Flat that began in January 2022. The SPX could be in the processContinue reading “Projection for S&P 500 – Significant Top”
Dow Jones Industrial Average – Long -Term Elliott Wave Count December 2023
On 12/13/23 the Dow Jones Industrial Average (DJI) made a new all-time high. The form of the DJI rally from the October 2022 bottom was choppy, suggesting a corrective pattern. How can the DJI make a new all-time high and be in a correction? In Elliott wave there are two patterns that correct anContinue reading “Dow Jones Industrial Average – Long -Term Elliott Wave Count December 2023”
U.S. Stock Mania – December 2023
The 12/09/23 blog “VIX Makes a New Low- 12/08/23” noted the VIX low implied the S&P 500 (SPX) could rally into early January 2024. There was also a short – term bearish signal illustrated and noted. “The breakout to a new SPX – 2023 high also came with bearish divergences on the RSI and MACD. Continue reading “U.S. Stock Mania – December 2023”
Four Dimension Trading 