Mark Rivest

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”

Dramatic Bullish Reversal

Since the US stock market all-time high in early January 2022 there have been clues that the subsequent decline may have only been a correction within an ongoing bull market. Clue #1: The S&P 500 (SPX) peak at 4818 was outside of the lower leeway zone for potential major Fibonacci resistance at 4889. The lowerContinue reading “Dramatic Bullish Reversal”

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”

Potential Stock Buying Opportunity on 02-18-22

After the S&P 500 (SPX) 01/04/22 top the declines and rallies have been three – wave structures and appears be an Elliott wave – Horizontal Triangle which may have completed at the low made on 02/17/22. The SPX 30 – minute chart courtesy of Trading View illustrates the wave structure. There are Fibonacci relationships amongContinue reading “Potential Stock Buying Opportunity on 02-18-22”

Bears Push Further into Support Zone

The blog “S&P 500 Reaches Support Zone – 02-11-22” illustrated that the Trading View index SPX500 had bottomed at the upper boundary of a nine-column row on the 30- minute Point & Figure chart. The 30- minute Point & Figure chart courtesy of Trading View updates the progress of SPX500. Today 02/14/22 the SPX500 pushedContinue reading “Bears Push Further into Support Zone”

S&P 500 Reaches Support Zone – 02-11-22

Markets are perpetual battles between bulls and bears, each side testing support/resistance points and attempting breakthroughs. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates a recent battle. On 02/09/22 and 02/10/22 the bulls attempted a breakthrough of the peak made on 02/02/22. Both attempts failed with the second trust upContinue reading ” S&P 500 Reaches Support Zone – 02-11-22″

Comparison of S&P 500 – 2007 and 2022 Tops

The 01/24/22 blog “Something Different is Happening” noted that the S&P 500 (SPX) January 2022 decline indicated a bear market may have begun. The vast majority of individual US stocks are probably in a bear market. What about the main US stock indices, could any of them still make a new all-time high? The 02/02/22Continue reading “Comparison of S&P 500 – 2007 and 2022 Tops”