Mark Rivest

Beneath Strong Resistance – April 2026

The prior blog noted that S&P 500 ($SPX) had strong resistance in the 6,850 to 6,900 area. On 04/10/26 $SPX moved marginally higher and reached 6,845.77. This could be a significant peak, if not, a peak could be reached in the next one or two trading days. The daily $SPX chart courtesy of StockCharts.com updatesContinue reading “Beneath Strong Resistance – April 2026”

Cease Fire Buying Panic

The cease fire in the Iran war triggered a stock buying panic. Elliott wave and Point & Figure analysis indicate the next potential resistance area. The daily S&P 500 chart – StockCharts.com symbol $SPX illustrates daily momentum. Both lines of Slow Stochastic have reached the overbought zone which begins at 80.00. This implies a peakContinue reading “Cease Fire Buying Panic”

Potential Resistance at the 200 – Day Moving Average – April 2026

The 03/26/26 blog “Resistance at the 200 – Day Moving Average – March 2026” illustrated what happed when the S&P 500 (SPX) marginally moved above the 200 – Day Simple Moving Average (SMA). Subsequently the SPX continued to decline. The SPX as of 04/02/26 was about one or two trading days from the 200Continue reading “Potential Resistance at the 200 – Day Moving Average – April 2026”

Crude Oil Pushing Higher?

Two indicators suggest Crude Oil could continue to rise. The Crude Oil daily Continuous Futures chart (CL2!) courtesy of Trading View shows what happened in 2022. In March 2022 Crude Oil made a primary peak. After several weeks of sideways action the Bollinger bands contracted, at the narrowest point daily RSI moved above its movingContinue reading “Crude Oil Pushing Higher?”

Additional S&P 500 – Support Zones – Part Two

A main aspect of the Strat method is that a break of the high/low of the prior bar could target the high /low of the next prior bar. The quarterly – three-month S&P 500 (SPX) chart courtesy of Trading View illustrates a potential major break point. The next quarterly bar bottom is at 6,177.97, aContinue reading “Additional S&P 500 – Support Zones – Part Two”

Additional S&P 500 – Support Zones

All markets go through a cycle of growth and rest. Unending growth is not possible, at some point there’s needs to be rest, in terms of a stock market the “rest’ is a decline. Sometimes events outside the domain of normal economic activity could increase the depth of a stock market decline. The Covid crisisContinue reading “Additional S&P 500 – Support Zones”

Five – Year Analysis of the S&P 500

Weekly S&P 500 (SPX) momentum oscillators point to an approaching bottom. The weekly SPX chart courtesy of StockCharts.com illustrates the action since 2021. The weekly Slow Stochastic has already gone below the level achieved at the April 2025 bottom and is the second most oversold reading in five – years. A case could be madeContinue reading ” Five – Year Analysis of the S&P 500″

Resistance at the 200 – Day Moving Average – March 2026

The 03/07/26 blog “S&P 500 – Support Zone – March 2026” noted “If the SPX trends down, there’s a good chance a bottom could be made in the 6,550 to 6,470 area”. The 03/21/26 blog “S&P 500 – Support Zone Reached – 03/20/26” noted “On 03/20/26 the S&P 500 (SPX) bottomed out at 6,473.52”. TheContinue reading “Resistance at the 200 – Day Moving Average – March 2026”

The Case for Higher U.S. Interest Rates – March 2026

The 03/14/26 blog “Update U.S. 30 – Year Treasury Yield – Elliott Wave Count – 03/13/26” illustrated that the U.S. 30 – Year Treasury Yield (TYX) had probably completed a multi- year Elliott wave – Horizontal Triangle. The weekly TYX chart courtesy of Trading View updates the action. During the week of 03/16/26 to 03/20/26Continue reading “The Case for Higher U.S. Interest Rates – March 2026”

S&P 500 – Support Zone Reached – 03/20/26

The prior blog “Near the S&P 500 – 200 – Day Moving Average” noted, “Using the SPX – 200 – day SMA with daily RSI and potential Fibonacci support could identify at least a short- term bottom sometime in the next two weeks”. The support zone was 6,550 to 6,470. On 03/20/26 the S&P 500Continue reading “S&P 500 – Support Zone Reached – 03/20/26”