Mark Rivest

S&P 500 – Short Term Elliott Wave Count – 06/11/26

An important short-term S&P 500 (SPX) peak could be made on 06/12/26 The SPX -30 – minute chart courtesy of Trading View illustrates the intraday action. The SPX 06/02/26 to 06/09/26 decline took the form of an Elliott Impulse pattern. If so, this could be the first wave of a larger five – wave patternContinue reading “S&P 500 – Short Term Elliott Wave Count – 06/11/26”

Record of Diminishing Fear

Since the 2020 Covid crash S&P 500 (SPX) bear markets have gotten progressively smaller. The monthly SPX chart courtesy of Trading View reveals a fascinating phenomenon. Durning the 2020 Covid crash SPX declined 35.4%. The 2022 bear market declined 27.5%. The 2025 bear market fell 21.3%. The 2026 decline was only 9.8%. The bulls haveContinue reading “Record of Diminishing Fear”

Using Bitcoin to Time the U.S. Stock Market – June 2026

Bitcoin (BTCUSD) bull and bear markets roughly correspond with S&P 500 (SPX) bull and bear markets. If the SPX has just started a multi-month bear market BTCUSD could forecast the end of the bear market. The monthly BTCUSD and SPX charts courtesy of Trading View illustrate their long-term relationship. BTCUSD and SPX bear markets endContinue reading “Using Bitcoin to Time the U.S. Stock Market – June 2026”

Support Levels for the S&P 500 – June 2026

The drop in U.S. stocks on 06/05/26 implies a multi-week may have begun. If so, where are near-term support levels? The weekly S&P 500 (SPX) chart courtesy of Trading View provides clues. The starting point for market/stock analysis is segmentation. In this case the most significant segment is the 03/30/26 to 06/02/26 rally. A combinationContinue reading “Support Levels for the S&P 500 – June 2026”

Potentially Important Peak – June 2026

Several factors imply U.S. stocks may have made an important top. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates the intraday action since late March 2026. The 05/31/26 blog “S&P 500 – Upside Target – June 2026” illustrated potential Fibonacci resistance at 7,626.44, the high on 06/02/26 was 7,620.90. Continue reading ” Potentially Important Peak – June 2026″

S&P 500 – Upside Target – June 2026

On 05/29/26 all three main U.S. stock indices; S&P 500, Dow Jones Industrial Average, and Nasdaq Composite made new all-time highs. Most major U.S. stock market peaks occur with only one of the three main U.S. stock indices making a new all-time high. Elliott wave analysis reveals where one of the three main indices couldContinue reading “S&P 500 – Upside Target – June 2026”

Micron Technology Inc. Upside Target

Since 04/07/25- Micron Technology Inc. (MU) has been in an extended Elliott impulse wave. The pattern is nearly complete. The weekly MU chart courtesy of Trading View illustrates its rally since April 2025. When using Elliott wave analysis on a market or stock with large percentage gains it’s more appropriate to compare growth rates ratherContinue reading “Micron Technology Inc. Upside Target”

Massive Rally of Micron Technology Inc.

The 05/23/26 blog “Dow Industrials – From Lagger to Leader” illustrated that on 05/22/26 only one of the three main U.S. indices; S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI) made an all-time high. The blog also noted “The potential bearish signal made on 05/22/26 will be invalidated if two ofContinue reading “Massive Rally of Micron Technology Inc.”

The Spectacular Nasdaq Rally

The U.S. stock market rise since 03/30/26 has been relentless with only the tiniest of pullbacks. Of the three main U.S. stock indices, Nasdaq Composite (IXIC) has a 29% gain vs. S&P 500 gain of 19%, and Dow Jones Industrial Average 12%. A look underneath the surface reveals a different picture. The daily Nasdaq –Continue reading “The Spectacular Nasdaq Rally”

Dow Industrials – From Lagger to Leader

Since February 2026 the Dow Jones Industrial Average (DJI) upside performance has lagged both the S&P 500 (SPX) and the Nasdaq Composite (IXIC). On 05/22/26 the DJI made an all-time high unconfirmed by SPX and IXIC. This action could be a very bearish signal for the U.S. stock market. The daily DJI, SPX, and IXICContinue reading “Dow Industrials – From Lagger to Leader”