Mark Rivest

UK 100 Could be Collapsing.

The national stock index with the clearest Elliot wave pattern since October 2022 has been the UK 100 (UKX). The following list of blogs chronicles the UKX amazing progress. The 03/13/23 blog “Major UK 100 Top is Probably in Place” noted “On 02/16/23 the UK 100 reached 8,047, this could be a major top!” TheContinue reading “UK 100 Could be Collapsing.”

Bearish Signals From the German Stock Index

The German Stock Index (DEU40) appears to be in the early phase of a significant bear move. The daily DEU40 chart courtesy of Trading View illustrates the action. In mid – June 2023 the DEU40 made a new all-time high. The pattern up from September 2022 bottom counts as an Elliott – five wave Impulse. Continue reading “Bearish Signals From the German Stock Index”

Mind Blowing Fibonacci Relationships

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”

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”