Mark Rivest

Comparing the S&P 500 – 1994 to 1996 with 2020 to 2021

The current S&P 500 (SPX) bull phase that began in March 2020 has been relentless with only tiny pull backs and only one 10% correction. The last time a similar phenomenon occurred was the SPX bull market from late 1994 to mid – 1996. The daily SPX chart 1994 to 1996 courtesy of TradingContinue reading “Comparing the S&P 500 – 1994 to 1996 with 2020 to 2021”

Short-Term S&P 500 Elliott Wave Count 09-02-21

The S&P 500 (SPX) 15-minute chart courtesy of Trading View illustrates a probable short-term Elliott wave count. The action since the SPX 08/30/21 high has been a choppy sideways move and appears to be a completed Elliott wave – Horizontal Triangle. After completion of this structure there’s usually a sharp thrust in the direction ofContinue reading “Short-Term S&P 500 Elliott Wave Count 09-02-21”

Fibonacci Price Extensions

During the last six years there have been two Fibonacci price extensions that have precisely forecasted important S&P 500 (SPX) tops. Perhaps a third Fibonacci price extension could soon forecast another SPX peak. The weekly SPX chart courtesy of Trading View illustrates the 2015 top. A 1.618 Fibonacci extension of the SPX 2007 to 2009Continue reading “Fibonacci Price Extensions”

S&P 500 – Alternate Elliott Wave Count 08-27-21

The S&P 500 (SPX) rally on 08/27/21 pushed beyond the leeway of major Fibonacci resistance at SPX 4437.63. This potential resistance level was first discussed in the 07/05/21 blog “The Next S&P 500 Resistance Level”. This Fibonacci point was derived by taking the growth rate of the March 2009 to April 2010 rally – presumedContinue reading “S&P 500 – Alternate Elliott Wave Count 08-27-21”

New – 52 – Week High Update 08-27-21

Today 8/27/21 both the S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs. The Daily NYSE – New 52 – Week Highs chart ($NYHGH) courtesy of StockCharts.com updates the activity of this indicator. The move today above the level recorded on 08/25/21 is mildly bullish. If next week there’s a move above 314Continue reading “New – 52 – Week High Update 08-27-21”

Time is the Most Important Factor

Yesterday 08/25/21 was the thirty – fourth anniversary of the US stock market top that preceded the 1987 global stock market crash. On 08/25/21 both the S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs. Today 08/26/21 the IXIC made a marginal new all-time high unconfirmed by the SPX and Dow Jones IndustrialContinue reading “Time is the Most Important Factor”

US Stocks at Maximum Resistance?

On 08/20/21 the US stock market as measured by September S&P 500 E-Mini Futures contract (ESU2021) may have reached a maximum resistance area. If so, an important secondary top could be in place. A key aspect of the ”Market Profile” method is discovery of support/resistance zones. This can be achieved by examining either price orContinue reading “US Stocks at Maximum Resistance?”

Examination of the August 2015 – Mini Crash

During the last few months, the US stock market has had a deterioration of internal momentum. Something similar happened in 2015, except then the US main stock indices went sideways forming a double top. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates the action from 2014 to 2016. The SPX madeContinue reading “Examination of the August 2015 – Mini Crash”

Examination of August Stock Market Tops

The broad bearish seasonal pattern for US stocks runs from late April until October. Sometimes if a top is not made in the April to May zone, a peak could be made in August. Two classic examples of September to October bear moves occurred in 1987 and 2000. These price smashing bear markets could revealContinue reading “Examination of August Stock Market Tops”

S&P 500 – Support and Resistance – August 17, 2021

On 08/16/21 the S&P 500 (SPX) peaked at 4480.26 which was almost a bullseye hit of the Fibonacci resistance target illustrated in the 07/27/21 blog “Market Nexus Points”. The weekly SPX chart courtesy of Trading View updates the chart illustrated in that blog. Logarithmic scale is usually the best method to measure Fibonacci points afterContinue reading “S&P 500 – Support and Resistance – August 17, 2021”