Mark Rivest

Bear Panic Point

During 2022 the U.S economy suffered the highest inflation rates in 40 – years. The prior high inflation era lasted from 1968 to 1980, it’s likely the current cycle could continue for at least several years. The FOMC has been aggressively raising short – term interest rates and are likely to continue raising rates. TheContinue reading “Bear Panic Point”

Basing for a Bigger Move Up? – 12/29/22

Extraordinary high Put/Call reading may have indicated an important bottom. Today 12/29/22 one trading day after a very high Put/Call ratio, the S&P 500 (SPX) rallied close to 2%. The hourly SPX chart courtesy of Trading View illustrates a potential base that began on 12/21/22. The SPX moved above maximum Fibonacci leeway at 3,850, notedContinue reading “Basing for a Bigger Move Up? – 12/29/22”

Curious Sentiment Spikes – Part – Two

The 12/18/22 blog “Curious Sentiment Spikes” noted some fascinating sentiment signals. What happened today, 12/28/22 with the Put/Call ratio (PC) was extraordinary. The daily PC and S&P 500 (SPX) chart courtesy of Trading View shows some recent PC signals. The history of PC signals relative to the SPX since September are as follows. Investor’s BusinessContinue reading “Curious Sentiment Spikes – Part – Two”

Resistance Reached – 12/23/22

Markets are attracted to Fibonacci resistance/support areas. This websites 12/22/22 blog noted two S&P 500 (SPX) Fibonacci retracement points. At SPX 3,841.94 and 3,843.90, this resistance was reached on 12/23/22. The SPX – 15 – minute chart courtesy of Trading View shows what happened. Exact hits of Fibonacci coordinates are rare, therefore allow for leewayContinue reading ” Resistance Reached – 12/23/22″

Support Broken – 12/22/22

Today, 12/22/22 all three main U.S stock indices broke below an important bottom made on 12/20/22. In the first half of todays trading session the bears were totally in control, smashing prices relentlessly lower. It appeared the trend could be down the entire session, with the low of the day coming near or at theContinue reading ” Support Broken – 12/22/22″

S&P 500 – Bottoms at Support Level

The 12/17/22 blog “The Bear is Back – Part Two” illustrated two S&P 500 (SPX) Fibonacci support levels at 3,806.29 and 3,796.27. On 12/20/22 the SPX bottomed almost exactly at the lower level. The daily SPX chart courtesy of Trading View shows what happened. An exact Fibonacci .50 retracement of the SPX October to DecemberContinue reading “S&P 500 – Bottoms at Support Level”

Curious Sentiment Spikes

Recent movements in the S&P 500 Volatility Index (VIX) and the Put/Call ratio (PC) reveal some fascinating signals. The daily VIX and S&P 500 (SPX) chart courtesy of Trading View show a short- term signal and examples of intermediate – term signals. First a short – term signal. Note that on 12/12/22 the SPX hadContinue reading “Curious Sentiment Spikes”

The Bear is Back – Part Two

Within the first ten – minutes of the S&P 500 (SPX) session on 12/16/22 there were two bottoms made. The first was at almost exactly 3,868.18 which was Fibonacci support noted in this websites prior blog. The second bottom was at 3,863.74. Subsequently there was a rally that lasted ten – minutes, the SPX thenContinue reading “The Bear is Back – Part Two”

The Bear is Back

Today 12/15/22 the S&P 500 (SPX) broke below an important bottom made on 11/17/22 at 3,906.54. Additionally, the decline from 4,100 appears to be a developing Elliott Impulse wave which implies the primary trend may now be bearish. The daily SPX chart courtesy of Trading View illustrates the intermediate – term view. The SPX brokeContinue reading “The Bear is Back”

Fake Out Moves

The actions of US stocks during the week of 12/05/22 to 12/09/22 demonstrated several fake out moves. The 12/07/22 blog noted that the S&P 500 (SPX) broke important support at 3,937.64 and that the first wave down of a larger bear move may have begun. The 12/08/22 blog illustrated that the NYSE Composite (NYA) hadContinue reading “Fake Out Moves”