This websites prior blog noted that statistically 07/03/23 could be a bullish day, and because of the shortened trading day any new rally high could be marginal. Today 07/03/23 all three of the main U.S. stock indices closed the day up. None of the indices made a new post October 2022 rally high – theContinue reading “Mind Blowing Fibonacci Relationships”
Author Archives: Mark Rivest
At the Summit? – Part Two
Evidence from the sentiment dimension gives clues to a potential S&P 500 (SPX) top. The daily SPX and VIX chart courtesy of Trading View updates their relationship. Many traders/analysts believe that the VIX making a new low is a bearish signal for the SPX. However, most of the time SPX tops are made when theContinue reading “At the Summit? – Part Two”
At the Summit?
On 06/30/23 the S&P 500 (SPX) made a new post October 2022 rally high. Time cycles indicate a potential top late June to early July 2023. U.S. stocks could be on the verge of an important summit. The 06/27/23 blog “Start of the Final Rally?” noted “The end of the second quarter is 06/30/23, there’sContinue reading “At the Summit?”
Vietnam 30 Stock Index Hits Powerful Resistance
The FTSE Vietnam 30 Stock Index (VN30) has reached and moved down from potentially powerful resistance. This could be additional evidence that the next wave down of a global stock bear market may have begun. Fibonacci retracement points are like magnets for price. After price reaches a Fibonacci level its frequently becomes a barrier. InContinue reading “Vietnam 30 Stock Index Hits Powerful Resistance”
Crude Oil Update – 06/28/23
In early April and early June, Saudi Arabia announced Crude Oil production cuts. In both instances price rallies were brief. From the perspective of supply and demand, if supply is reduced price should rise – unless there’s a decrease in demand. The inability of Crude Oil to have a sustained rally implies global economic weaknessContinue reading “Crude Oil Update – 06/28/23”
Start of the Final Rally?
The 06/21/23 blog “Shallow Correction – 06/21/23” noted the SPX could bottom in the 4,330 area. On 06/26/23 the SPX bottomed out at 4,328.08. The SPX 30- minute chart courtesy of Trading View updates the action. The decline after the peak labeled Minuette wave (b) was an Elliott wave – Ending Diagonal Triangle (EDT). AfterContinue reading “Start of the Final Rally?”
Probable Short-Term Bottom – 06/26/23
Today 06/26/23 the S&P 500 (SPX) ended the session down 19.50 points, with 67% of NYSE stocks advancing vs. 32% stocks declining. This bullish divergence implies the SPX may have made a short – term bottom today or could bottom early on 06/27/23. The SPX 15 – minute chart courtesy of Trading View updates theContinue reading “Probable Short-Term Bottom – 06/26/23”
Potential Fibonacci Time Ratio Turn Due – June 2023
The prior blog detailed a potential Spiral Calendar turn date for U.S. stocks in June 2023. Using a different methodology and two different U.S. stock market peaks also reveal a potential turn due in June 2023. U.S. stocks in late 2018 were in a significant decline, which appeared particularly ominous because it was occurring duringContinue reading “Potential Fibonacci Time Ratio Turn Due – June 2023”
Potential Spiral Calendar Turn Due – June 2023
Christopher Carolan’s 1992 book “The Spiral Calendar” explains how he discovered and developed a method of forecasting market turns using lunar cycles. Chapter 10 of the book is called “Future Forecasts” and illustrates how the Spiral Calendar could pinpoint market turns years or even decades into the futures. One of those forecasts – made inContinue reading “Potential Spiral Calendar Turn Due – June 2023”
Shallow Correction Complete?
On 06/21/23 the S&P 500 (SPX) declined .52% while the Advance/Decline was almost flat. Today 06/22/23 the SPX was up .37% while the NYSE Advanced/Decline line was 2.3 to 1 in favor of declining stocks. The hourly chart courtesy of Trading View illustrates the short-term action. The SPX failed to reach the target support zoneContinue reading “Shallow Correction Complete?”
Four Dimension Trading 