Mark Rivest

Rounding Top for U.S. Stocks?

The 06/15/25 blog “Termination Patterns Completed” illustrated that the S&P 500 (SPX) probably completed an Elliott wave – Ending Diagonal Triangle. Usually after completion of this pattern there’s a rapid change of direction. However, since the SPX 06/11/25 peak the tenacious bulls have kept prices in a sideways range. Could this be the prelude toContinue reading “Rounding Top for U.S. Stocks?”

Termination Patterns Completed

All three of the main U.S. stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) have completed upside Elliott wave – Ending Diagonal Triangles (EDT). There’s a high probability these indices could soon reach the bottoms made on 05/23/25. The one – hour SPX chart courtesy of Trading View updatesContinue reading “Termination Patterns Completed”

Crude Oil Spike Up – 06/13/25

The Israel attacks on Iran triggered a seven percent move up in Crude Oil price. This surge could be the early part of a multi-month bull market. The monthly Crude Oil – Continuous contract (CL2!) chart courtesy of Trading View illustrates the long-term view. A three-year Crude Oil bear market may have concluded at theContinue reading “Crude Oil Spike Up – 06/13/25”

Bearish Flip Day for U.S. Stocks

There’s a high probability that U.S stocks have flipped from a bullish to bearish trend on 06/11/25. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. On 06/11/25 the SPX made a new post 04/07/25 rally high, yet it ended the session below the close of the 06/10/25 session. Also, thereContinue reading “Bearish Flip Day for U.S. Stocks”

Important Support and Resistance Levels for U.S. Stocks

Elliott wave patterns for the S&P 500 (SPX) reveal important points to watch on 06/09/25. After the 04/07/25 U.S. stock market bottom the Nasdaq 100 (NDQ) was leading the way higher. In mid – May – NDQ had a subtle sign of weakness. On 05/16/25 the S&P 500 (SPX) made a new rally high thatContinue reading “Important Support and Resistance Levels for U.S. Stocks”

The Strongest Magnificent Seven Stock

The prior blog “Tesla Downside Action” examined the weakest Magnificent Seven Stock – Tesla Inc. The focus now shifts to the strongest Magnificent Seven stock – Microsoft Corporation (MSFT), which so far is the only one of the seven stocks to make a new all-time high. The weekly MSFT chart courtesy of Trading View illustratesContinue reading “The Strongest Magnificent Seven Stock”

Tesla Inc. Downside Action

The 06/01/25 blog “Could One Stock Signal a U.S. Bear Market?” noted that Tesla Inc. (TSLA) had generated amazing signals in the prior two trading days. The following daily chart courtesy of Trading View is a reprint of the TSLA chart illustrated in the 06//01/25 blog. The blog concluded with this forecast. “In the comingContinue reading “Tesla Inc. Downside Action”

Could One Stock Signal a U.S. Bear Market?

A major U.S. stock could be an important indicator for the near future. First a look at the big picture. The daily S&P 500 (SPX) and Nasdaq 100 (NDX) chart courtesy of Trading View illustrates their relationship. The NDX since its 04/07/25 bottom has been the leader on the upside, gaining 31.3% vs. the SPXContinue reading “Could One Stock Signal a U.S. Bear Market?”

Short-Term Bullish and Bearish S&P 500 Scenarios – 05/31/25

Elliott wave analysis reveals two courses the S&P 500 (SPX) could take in the coming days. First an update on the SPX action that was illustrated in the 05/29/25 blog. The 15 – minute SPX chart courtesy of Trading View shows what happened. On 05/29/25 the SPX broke below its prior day bottom. Normally aContinue reading “Short-Term Bullish and Bearish S&P 500 Scenarios – 05/31/25”

Stock Market Bulls Stike Back – 05/29/25

This website’s 05/25/25 blog illustrated that the S&P 500 (SPX) had a potentially bearish Elliott wave count. As it turns out the SPX – 200 – day Simple Moving Average (SMA) line support held. The daily SPX chart courtesy of Trading View illustrates what happened. Most of the time a market or stock will trendContinue reading “Stock Market Bulls Stike Back – 05/29/25”