The S&P 500 (SPX) may have completed an extended Elliott five wave pattern from the October 2022 bottom. The weekly SPX chart courtesy of Trading View updates the action. The move up from October 2022 to January 2023 is a series of one’s and two’s which is the basing pattern for a long and powerfulContinue reading “Long-Term S&P 500 – Elliott Wave Count – 09/20/24”
Category Archives: Momentum
The Case for Rising U.S. Interest Rates
After almost a year of anticipation the U.S. FOMC lowered short-term interest rates by a half of a percent. Happy days are here again! Are they? From just before the announcement longer – term U.S. interest rates have been rising. If the trend continues it could be detrimental to the U.S. economy. The weekly chartContinue reading “The Case for Rising U.S. Interest Rates”
Buy the Rumor Buy the News
After the 09/18/24 U.S – FOMC announcement U.S stocks rallied then reversed and the three main U.S stock indices ended the session near the lows of the day. It looked like a classic example of “buy the rumor sell the news”. On 09/19/24 U.S. stock bulls other plans. The Dow Jones Industrial Average (DJI) chartContinue reading “Buy the Rumor Buy the News”
Gold Topping Process – Part Two – 09/12/24
The 09/05//24 blog “Gold Topping Process – 09/05/24” noted “Gold in U.S. dollars could soon make a new all – time high in the area of 2,540 to 2,550”. Today 09/12/24 Gold in U.S. dollars (XAUUSD) made a new all-time high at 2.560.16. The weekly Gold chart courtesy of Trading View updates the long-term action.Continue reading “Gold Topping Process – Part Two – 09/12/24”
U.S. 30 – Year Treasury Yield Update – 09/06/24
The 08/04/24 blog “U.S. 30 – Year Treasury Yield – Fibonacci Time and Price Analysis” illustrated price and time targets for the U.S. 30 – year Treasury yield (TYX). Weekly Fibonacci time analysis targeted the first week of September 2024 for a potential turn. Daily Fibonacci time analysis targeted 08/30/24 for a possible turn date.Continue reading “U.S. 30 – Year Treasury Yield Update – 09/06/24”
Downside Rollover of the S&P 500 – September 2024
The 09/01/24 blog “Dow Jones Industrial Average – Fibonacci Price and Time Relationships- August 2024” noted that the Dow Jones Industrial Average could decline after Labor Day. Immediately after Labor Day most U.S. stock indices began to fall. Momentum indicators imply this could be the beginning of a significant drop. The weekly S&P 500 (SPX)Continue reading “Downside Rollover of the S&P 500 – September 2024”
Gold Topping Process – 09/05/24
Gold in U.S. dollars could soon make a significant peak. The 08/25/24 blog “Gold Update – 08/23/24 noted. “If Gold can move above its current all-time high set on 08/20/24 the rally may not last very long or go very high.” On 09/05/24 Gold in U.S. dollars (XAUUSD) appears to be poised to move aboveContinue reading “Gold Topping Process – 09/05/24”
Prime Time for U.S. Stock Bears
Seasonally U.S. stocks can decline from May until October. Sometimes during persistent bull trends U.S. stocks could peak in late August or early September. Examples of this phenomenon occurred in September 1929, August 1987 and September 2000. A recent bearish momentum divergence could be signaling a sharp August to October 2024 stock decline. The dailyContinue reading ” Prime Time for U.S. Stock Bears”
Buy the Rumor – Sell the News – 8/22/24
The manic rally from the mini crash bottom made on 08/05/24 could terminate on 08/23/24. The 08/11/24 blog “U.S. Stock Market Forecast – Late 2024” speculated that post 08/05/24 rally could be choppy and peak sometime in mid – September 2024. What’s happened so far has been a very sharp rally that could end inContinue reading “Buy the Rumor – Sell the News – 8/22/24”
Relentless Stock Rally – 08/21/24
The near vertical rally of the S&P 500 (SPX) continues. The one – hour SPX chart courtesy of Trading View updates the action. The only significant change on an hourly basis is the RSI significant bearish divergence AT THE 08/21/24 peak. The big problem from an Elliott wave perspective are the very shallow declines,Continue reading “Relentless Stock Rally – 08/21/24”
Four Dimension Trading 