Mark Rivest

Short – Term S&P 500 – Elliott Wave Count – 04/30/26

The 04/25/26 blog “Short-Term S&P 500 – Elliott Wave Count – 04/24/26” illustrated that the S&P 500 (SPX) could be in a developing Elliott wave – Impulse pattern since the 03/30/26 bottom. The one – hour SPX chart courtesy of Trading View updates the Elliott wave count. The 04/25/26 blog illustrated the 04/23/26 bottom asContinue reading “Short – Term S&P 500 – Elliott Wave Count – 04/30/26”

The Case for Higher U.S. Interest Rates – Part Two

The 03/22/26 blog “The Case for Higher U.S. Interest Rates – March 2026” illustrated that the CBOE 30 – Year Treasury Bond Yield may have completed a multiyear Elliott wave – Horizontal Triangle at the 02/27/26 bottom. This wave count could be correct; however, there’s an alternate wave count in which the multiyear Horizontal TriangleContinue reading “The Case for Higher U.S. Interest Rates – Part Two”

Short-Term S&P 500 – Elliott Wave Count – 04/24/26

On 04/24/26 two of the three main U.S. stock indices, S&P 500 (SPX), and Nasdaq Composite made all-time highs. This is a bullish movement. The SPX – Elliott wave count from the 03/30/26 bottom gives us a clue of where this index could be in the short-term cycle. The 60 – minute SPX chart courtesyContinue reading “Short-Term S&P 500 – Elliott Wave Count – 04/24/26”

New Highs and Sudden Reversal – 04/23/26

On 04/21/26 only the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the other two main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average. This was illustrated in the 04/21/26 blog “Bearish Momentum Signal – 04/21/26”. The bearish signal is invalidated if two of the three main stock indices makeContinue reading “New Highs and Sudden Reversal – 04/23/26”

Transportation Average – Blow Off Top?

The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band. This is typically a sign of a market index or stock nearing upside exhaustion. At the open of the 04/22/26 session DJT was still above the weekly Bollinger band. What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”

Bearish Momentum Signal – 04/21/26

In the U.S. stock market, an important bearish signal could occur if only one of the three main stock indices makes an all-time high unconfirmed by the other two indices. The main indices are, S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC). The daily SPX, DJI, and IXIC courtesy of TradingContinue reading “Bearish Momentum Signal – 04/21/26”

International Bearish Divergences

Two of the three main U.S. stock indices, S&P 500, and Nasdaq Composite have recently made all-time highs. However, other major national stock markets have failed to reach new heights. Could the bearish divergences be a warning sign of more downside action in 2026? The first daily chart courtesy of Trading View illustrates the UK100Continue reading “International Bearish Divergences”

Collapsing Crude Oil? – April 2026

Within the prior two trading days Crude Oil declined 15%. Could this be the start of a larger bear movement? Elliott wave analysis examines bullish and bearish scenarios. The daily continuous Crude Oil chart (CL2!) courtesy of Trading View illustrates the bearish scenario. The move down from the 04/07/26 peak labeled Intermediate wave (B) couldContinue reading “Collapsing Crude Oil? – April 2026”

Break Above Strong Resistance – April 2026

The 04/09/26 blog “Cease Fire Buying Panic” illustrated the S&P 500 (SPX) had strong resistance around 6,850 to 6,900. It takes powerful buying to break powerful resistance, and that’s what’s happened. The most important momentum indicator for U.S. stocks is the relationship between the three main U.S. stock indices. The daily chart of the SPX,Continue reading “Break Above Strong Resistance – April 2026”

Semiconductor Sector Update – April 2026

The PHLX Semiconductor index (SOX) was the subject of the 11/09/25 blog “The Leading U.S. Stock Sector – Part – Two”. In late October 2025 – SOX made an all-time high with weekly RSI deep in the overbought zone and at its highest level since the bull move began in April 2025. Normally stocks andContinue reading “Semiconductor Sector Update – April 2026”