Author Archives: Mark Rivest

Market Nexus Points – Part Two

Robert Prechter’s book “Beautiful Pictures” illustrated Fibonacci time/price relationships within the Dow Jones Industrial Average bull move from July 1932 to January 2000. Prechter also examined Fibonacci time/price  relationships from 1974 to 2000 that tied in with targets derived from the larger price structure.    The previous blog “Market Nexus Points” illustrated Fibonacci time/price relationshipsContinue reading “Market Nexus Points – Part Two”

Market Nexus Points

Robert Prechter’s  book “Beautiful Pictures” illustrated several examples in which long-term stock market structures could be divided into Fibonacci price/time sections.  One example showed that the Dow Jones Industrial Average bull move from July 1932 to January 2000 was divided into two thirty-four-year sections with the 1966 peak as the nexus point. Its possible theContinue reading “Market Nexus Points”

Fibonacci Resistance Points

R.N Elliott wrote that its acceptable to use both logarithmic and arithmetic scale  in discovering  Elliott wave trend channels. This same theory could also apply to Fibonacci analysis. I’ve noted several times that when there’s a large percentage growth of a market or a stock to use growth rates when examining Fibonacci relationships. Growth comparisonsContinue reading “Fibonacci Resistance Points”

The Never-Ending Bull Market

After sixteen-months of steadily rising stock prices in which the largest correction was only 10%, complacent bulls probably think it will never end.  For analysts that study all four market dimensions, in particular momentum-  realize its more like a hidden bear market.   The daily Nasdaq –  Advance – Decline Issues ($NAAD) chart courtesy ofContinue reading “The Never-Ending Bull Market”

S&P 500 – Downside Target Zone

Today’s – 07/19/21 sharp decline broke below the micro-crash bottom made on 07/08/21 and could be the kickoff of a larger developing drop.  Momentum evidence supports this theory. Daily RSI is 43%, the oversold zone begins at 30%.  Daily MACD had a bearish line crossover. The daily S&P 500 (SPX) chart courtesy of Trading ViewContinue reading “S&P 500 – Downside Target Zone”

Leading to the Downside

This sites 7/10/21 post “Momentum Continues to Deteriorate” illustrated the Nasdaq Composite – Advance/Decline line ($NAAD) had  bearish momentum divergences.  A  case can be made that this indicator along with another A/D line are  leading US stocks lower. The daily chart courtesy of Trading View illustrates the NYSE Composite (NYA), S&P 500 (SPX), and NasdaqContinue reading “Leading to the Downside”

When Will the Stock Market Go Down?

Within the last few weeks  followers of this site have messaged me asking. When will the crash come?  Why are the S&P 500 (SPX) and Nasdaq Composite (IXIC) still climbing? Who’s  buying stocks?   These are understandable questions since the US stock market has continued to climb in the face of enormous bearish evidence.  Large stockContinue reading “When Will the Stock Market Go Down?”

S&P 500 – Elliott Wave Count – 07-09-21

The 07/05/21 blog “The Next S&P 500 Resistance Level” noted that the next S&P 500 (SPX) resistance level could be at 4437.  This level was derived by comparing the growth of the SPX rally from March 2009 to April 2010 with the SPX rally since March 2020. There’s another resistance level calculated solely from theContinue reading “S&P 500 – Elliott Wave Count – 07-09-21”

Bearish External Momentum Indicators

The weekly S&P 500 (SPX) chart courtesy of Trading View illustrates two external momentum indicators. The highest weekly RSI reading for the entire secular bull market 2009 to 2021 occurred at the January 2018 peak.  Subsequently there was a double bearish divergence at the February 2020 top. followed by  a one-month crash.  The maximum RSIContinue reading “Bearish External Momentum Indicators”