Author Archives: Mark Rivest

Detailed Examination of an Ending Diagonal Triangle

The prior blog illustrated a presumed Elliott wave – Expanding Flat correction for the S&P 500 (SPX)  that’s been developing since November 2021.  This blog zooms in on the third part  of the Expanding Flat.   This  phase began at the all-time high in early January 2022 and appears to be an Elliott wave – EndingContinue reading “Detailed Examination of an Ending Diagonal Triangle”

Expanding Flat Could be Nearing Completion

Elliott Wave – Ending Diagonal Triangles (EDT) are  termination  patterns that appear only in the fifth wave positions of motive waves and in wave “C” of corrective waves.  They frequently show up in the  “C” wave of Expanding Flats. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates an  Expanding Flat that beganContinue reading “Expanding Flat Could be Nearing Completion”

Support Levels Broken

The 03/05/22 blog “ Examination of US and German  Stock Markets” illustrated support levels for both the S&P 500 (SPX) and the German Stock Index (DEU40).  Today 03/07/22 the support levels  for both indices were  broken, opening the door for further downside action. The daily SPX chart courtesy of Trading View illustrates its next potentialContinue reading “Support Levels Broken”

      Examination of US and German Stock Markets

After the 02/24/22 bottom US stocks appeared to be poised for a rapid move up, but after two days a trading range developed. Meanwhile,  German stocks as  measured by the DEU40 have continued to make new decline lows. Evidence from the DEU40 could be providing clues as  to the near-term direction for the global stockContinue reading ”      Examination of US and German Stock Markets”

S&P 500 – Target Top – 4920

Several recent blogs have noted that the S&P 500 (SPX) could be headed towards major Fibonacci resistance at SPX 4889.  This projection was based upon the presumed SPX – Primary wave “4” termination point made in late October 2020.  The January to February 2022 decline may have changed the long-term SPX – Elliott wave count.Continue reading “S&P 500 – Target Top – 4920”

S&P 500 – Long -Term Elliott Wave Count – 02-25-22

If the S&P 500 (SPX) can soon make a new all -time high, where does the January to February 2022 decline fit in the long-term Elliott wave count?  An examination of the secular bull market rallies and declines reveal some fascinating clues. The SPX – monthly chart courtesy of Trading View illustrates the most likelyContinue reading “S&P 500 – Long -Term Elliott Wave Count – 02-25-22”

Important US Stock Market Bottom Could be in Place – 02-24-22

The  02/24/22 dramatic reversal  after a powerful decline may have created an important bottom for US stocks.  The daily S&P 500 (SPX) chart courtesy of BigCharts.com illustrates  several bullish signals. There were bullish divergences on the daily Slow Stochastic, RSI and MACD vs. the higher bottom made on 01/24/22.  Slow Stochastic had a bullish linesContinue reading “Important US Stock Market Bottom Could be in Place – 02-24-22”

German Stock Index Could be Leading the Way Down

Today 02/21/22 the main US stock indices were closed for the Presidents day holiday.  The German Stock Index – DAX (DEU40) was trading. Please see the daily DEU40 chart courtesy of Trading View. Since March 2020, the DEU40 has had a similar pattern to the S&P 500 (SPX) .  On 02/21/22 the DEU40 had aContinue reading “German Stock Index Could be Leading the Way Down”

S&P 500 Bullish and Bearish – Elliott Wave Counts

On 02/18/22 the S&P 500 (SPX) decline to the edge of what could be  important support. The daily SPX chart courtesy of Trading View illustrates a bullish Elliott wave count. The 02/17/22 blog “Potential Stock Buying Opportunity on 02-18-22” noted that an Elliott wave – Horizontal Triangle may have been completed on 02/17/22.  The keyContinue reading “S&P 500 Bullish and Bearish – Elliott Wave Counts”