Author Archives: Mark Rivest

The Case for a Rapid U.S. Stock Market Decline – 06/14/24.

The sharp Rusell 2000 (RUT) drop 06/12/24 to 06/14/24 could be the prelude to a larger decline.  Volume Profile analysis supports this theory. The Volume Profile method places volume on a vertical axis matching volume with price levels.   This helps to define support/resistance areas.   The widest part of Volume Profile is called “Point of Control”Continue reading “The Case for a Rapid U.S. Stock Market Decline – 06/14/24.”

The Amazing Colossal Divergence!

The 06/13/24 blog “Quality Divergence”  examined the short-term bearish divergence between the Dow Jones Industrial Average (DJI) and the Nasdaq Composite (IXIC). The 06/12/24 blog “The Incredible Shrinking U.S. Stock Market”  illustrated the intermediate degree bearish divergence between the IXIC and Nasdaq new highs. Both of these important indicators are puny compared to the amazingContinue reading “The Amazing Colossal Divergence!”

The Incredible Shrinking U.S. Stock Market

On 06/12/24 the S&P 500 (SPX) and the Nasdaq Composite(IXIC) made new all-time highs.   How can the U.S. stock market be shrinking?  The answer is illustrated in the Nasdaq new highs chart courtesy of Barchart.com. The process of shrinking –  52 – week highs has been underway for several months.   Note that at each  lowerContinue reading “The Incredible Shrinking U.S. Stock Market”

Long – Term S&P 500 – Fibonacci Price and Time Relationships -06/07/24

The 05/16/24 blog “Updated S&P 500 – Elliott Wave Count – 05/16/24”  illustrated that the S&P 500 (SPX) could be forming an Elliott wave – Expanding Flat correction from the January 2022 peak.  This is still the most likely wave count; however, the peak of the presumed Primary wave [B] has exceeded its main targetContinue reading “Long – Term S&P 500 – Fibonacci Price and Time Relationships -06/07/24”

Into the Lunar Time Zone – Part Two – 06/07/24

The S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs on the 06/06/24 New Moon.   On 06/07/24 only the SPX made a new all-time high – a bearish “Rule of the Majority” signal.  A U.S. stock bear market continuing until at least early 2025 may have begun. A “Rule of the Majority” signalContinue reading “Into the Lunar Time Zone – Part Two – 06/07/24”

Into the Lunar Time Zone – 06/06/24

The S&P 500 (SPX) made a new all-time high on the date of a New Moon.  An important turn could come soon. The prior blog “There’s a New Moon Rising”  noted that sometimes markets could turn on a New/Full Moon plus or minus two trading days. The daily SPX chart courtesy of BigCharts.com illustrates bearishContinue reading “Into the Lunar Time Zone – 06/06/24”

There’s a New Moon Rising

Sometimes markets makes turns on Full/New Moons plus or minus two – trading days.  These turns are more likely to occur after prolonged moves up or down when mass emotions peak.  On 06/05/24 the S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs.   On 06/06/24 there’s a New Moon. The daily SPX chartContinue reading “There’s a New Moon Rising”

Gold Nearing Important Support – 05/31/24.

A break below Golds closest support could trigger a 10% decline. Point & Figure (PF) charts are very good at discovering potential support and resistance areas.   The daily PF- Gold Continuous Contract ($GOLD) chart courtesy of StockCharts.com illustrates its action. Point & Figure  charts consist of columns of X’s and O’s that represent filtered priceContinue reading “Gold Nearing Important Support – 05/31/24.”

Elliott Wave Analysis of the Main U.S. Stock Indices – 03/31/24.

Most U.S. stock indices appears to have made  significant peaks.  However, one main stock index could still make a new all-time high. The 30 – minute Nasdaq Composite (IXIC) chart courtesy of Trading View illustrates its short-term action. On 05/28/24 the IXIC made an all-time high unconfirmed by the Dow Jones Industrial Average (DJI) andContinue reading “Elliott Wave Analysis of the Main U.S. Stock Indices – 03/31/24.”