The 06/16/21 blog Major “S&P 500 Price and Time Targets – 06-16-21” noted that the S&P 500 (SPX) had major Fibonacci resistance at 4262 and 4274. Today 06/24/21 the SPX reached 4271 within the area of the two Fibonacci points. On the bullish side of the coin VIX made a new low and is potentiallyContinue reading “Rally into Major Fibonacci Resistance”
Author Archives: Mark Rivest
Bearish Momentum and Sentiment Signals – Part Two
My original intention was for this blog to give a comprehensive view of evidence from all four market dimensions: price, time, momentum, and sentiment. There’s just too much data, so this post will focus on additional long- and short-term momentum/sentiment evidence. The weekly S&P 500 (SPX) chart courtesy of Trading View illustrates long-term momentum/sentiment signals.Continue reading “Bearish Momentum and Sentiment Signals – Part Two”
Bearish Momentum and Sentiment Signals – June 2021
June 15,2021 could be an important date in the history of the US stock market. In the first minute of trading the S&P 500 (SPX) made a new all-time high then went down. Also, the daily VIX recorded a higher bottom vs. the SPX new high. As noted in several blogs this is a reliableContinue reading “Bearish Momentum and Sentiment Signals – June 2021”
Ending Diagonal Triangle is Probably Complete
The 06/15/21 blog “ Revised daily S&P 500 Elliott Wave Count – 06/15/21 speculated that an Elliott wave – Ending Diagonal Triangle (EDT) was under construction from the S&P 500 (SPX) 05/12/21 bottom. Today 06/18/21 the SPX went below what counts as the EDT -Minor wave “2”. The post 06/15/21 decline was a supposed waveContinue reading “Ending Diagonal Triangle is Probably Complete”
Major S&P 500 Price and Time Targets 06-16-21
The 05/11/21 blog “S and P 500 – Detailed Elliott Wave Count – 05-11-21” noted that the Dow Jones Industrial Average (DJI) – Primary wave “1” rally from March 2009 to April 2010 equaled the time of the supposed Primary wave “5” rally March 2020 to May 2021. There’s also a price relationship as PrimaryContinue reading “Major S&P 500 Price and Time Targets 06-16-21”
Revised Daily S&P 500 Elliott Wave Count 06-15-21
The daily S&P 500 (SPX) chart courtesy of Trading View illustrates the updated daily Elliott wave count since the bull run that began on 03/23/20. The log scale and daily RSI shows the weakness of the supposed Intermediate wave (5). Price is struggling to rise and appears to be near the point of collapse. NoteContinue reading “Revised Daily S&P 500 Elliott Wave Count 06-15-21”
Bullish VIX Signal
The Chicago Board Options Exchange’s volatility index (VIX) has a reliable history of signaling S&P 500 (SPX) tops. Some analysts/traders believe the VIX making a new low is bearish. This in most instances is a bullish signal. The daily VIX/SPX chart courtesy of Trading View illustrates their action since late 2019. Note the SPX 05/07/21Continue reading “Bullish VIX Signal”
Breakthrough 06-10-21
On 05/07/21 the S&P 500 (SPX) made an all-time high which held for 33 calendar days. Today – day 34 and a New moon the SPX broke through the resistance at SPX 4238.04. The SPX 30-minute chart courtesy of Trading View illustrates the action since late April. After the breakthrough, the SPX rallied for aboutContinue reading “Breakthrough 06-10-21”
Ninety Nine Percent Retracement
On 05/07/21 the S&P 500 (SPX) reached its all-time 4238.04. Today 06/09/21 the SPX high was 4237.09 a 99.4% retracement of the post 05/07/21 decline. Additionally, the SPX may have completed an Elliott wave – Ending Diagonal Triangle (EDT) from the bottom made on 05/12/21. The hourly SPX chart courtesy of Trading View illustrates theContinue reading “Ninety Nine Percent Retracement”
Broad Stock Market Top?
Stock markets are ruled by the forces of optimism and pessimism, some would say hope and fear. Pessimism/fear is more intense which is why stocks and stock markets generally fall faster than they rise. Intensity also creates distinctive bottoms, the March 23, 2020, bottom is a perfect example, the vast majority of US stock indicesContinue reading “Broad Stock Market Top?”
Four Dimension Trading 