Author Archives: Mark Rivest

Possible S&P 500 – Full Moon Bottom 04-18-22

There was a Full Moon on Saturday 04/16/22, using a leeway of plus two trading days  targeted  either 04/18/22 or 04/19/22 for a possible S&P 500 (SPX) bottom. On 04/18/22 the SPX made a new low of the decline that began on 03/29/22. The low for the day was 4370.30, main Fibonacci support noted inContinue reading “Possible S&P 500 – Full Moon Bottom 04-18-22”

Stock Market Bears are Losing the Battle

In  Elliott wave theory the most powerful bullish or bearish formation is referred  to as  a series of “one’s” and “two’s.”  In a bull market, using standard technical chart patterns this would be a rally followed by a base, then another rally/base.  The rally after the second base is usually enormously powerful and dynamic. TheContinue reading “Stock Market Bears are Losing the Battle”

Possible Lunar Phase Signal

The 04/13/22 blog “Short – Term Bottom Forecast” illustrated a potential Fibonacci time cycle turn due late in the S&P 500 (SPX) 04/14/22  trading session.  Fibonacci time cycles  forecast  market turns, not tops or bottoms.  Market action going into the time cycle determines tops or bottoms.  The SPX was declining into the 04/14/22 Fibonacci timeContinue reading “Possible Lunar Phase Signal”

Bullish Momentum Signals – 04-14-22

The 04/12/22 blog “S&P 500 Decline is Losing Momentum” illustrated that the S&P 500 (SPX) 30 – minute MACD and RSI indicators were showing bullish divergences.  On 04/14/22 internal momentum indicators were also showing bullish divergences. The daily NYSE – Advance – Decline Issues ($NYAD) courtesy of StockCharts.com illustrates the NYSE Advance/Decline line. On 04/11/22Continue reading “Bullish Momentum Signals – 04-14-22”

Possible Short-Term Bottom Made on 04-12-22

Recent blogs have noted that the S&P 500 (SPX) decline since the 03/29/22 high could be an Elliott wave – Double Zigzag  corrective pattern.  The SPX – 30 – minute chart courtesy of Trading View updates the Elliott wave count. The 04/13/22 blog “Short – Term Bottom Forecast” illustrated two possible SPX Elliott wave counts. Continue reading “Possible Short-Term Bottom Made on 04-12-22”

Short – Term Bottom Forecast

The 04/12/22 blog “S&P 500 Decline is Losing Momentum” noted that the S&P 500 (SPX) may have completed an Elliott wave – Double Zigzag  correction at the 04/12/22 bottom. The first 30-minute SPX chart courtesy of Trading View illustrates  a completed Double Zigzag at the 04/12/22 bottom. On 04/13/22 the SPX rallied the entire day;Continue reading “Short – Term Bottom Forecast”

S&P 500  Decline is Losing Momentum

The 30-minute S&P 500 (SPX) chart courtesy of Trading View illustrates the recent action. At the 04/12/22 low there were double bullish divergences on the 30- minute MACD and RSI.  The overall drop since the 03/29/22 high is choppy and characteristic of Elliott wave – Double Zigzag corrective patterns. The SPX Bullish Percent Index brokeContinue reading “S&P 500  Decline is Losing Momentum”

Three Paths For the S&P 500 04-11-22

Today 04/11/22 the S&P 500 (SPX) broke below important support at 4450 and opened the door for three possible Elliott wave counts.  Two of the counts assume a  new bear market is under development. One wave count assumes the SPX drop from 03/29/22 is a correction within an ongoing bull market.       The first 30Continue reading “Three Paths For the S&P 500 04-11-22”

       Bull Market in US Government Treasury Yields

The chart courtesy of Trading View illustrates the yields on the 30- year US Government Treasury bonds (TYX), the 10 – year US Government Treasury notes (TNX), and  the 5 – year US Government Treasury Notes (FVX).   Trading  View illustrates the  current FVX  yield as 27.56, I’ve modified the chart to show the yield atContinue reading ”       Bull Market in US Government Treasury Yields”