Author Archives: Mark Rivest

 Trendline Break Through

Today 03/17/22 the S&P 500 (SPX) continued to move above the trendline connecting the supposed wave “two” top – 02/09/22 with the supposed wave “four” top – 03/03/22 of a presumed Elliott wave Ending Diagonal Triangle from the all-time high on 01/04/22. The daily SPX chart courtesy of Trading  View illustrates  the declining  trendlines. TheContinue reading ” Trendline Break Through”

S&P 500 – Fibonacci Time Analysis 03-15-22

Its possible that the S&P 500 (SPX) decline from the 01/04/22 all-time high could be part of Primary wave “4” of an Elliott – five wave impulse pattern that began in  March 2009.  Fibonacci time analysis of the SPX presumed Primary wave “2” that occurred in 2010 offers some fascinating clues to what could happenContinue reading “S&P 500 – Fibonacci Time Analysis 03-15-22”

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”