Momentum and Fibonacci evidence indicates U.S stocks may have made at least an intermediate top. After the 12/20/23 micro crash in U.S. stocks it appeared that an intermediate peak could be in place. Incredibly all three of the main U.S. stock indices continued to rally and moved above their respective pre micro crash highs. TheContinue reading “Amazing Fibonacci Calculations – December 2023”
Category Archives: Momentum
U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23
An intermediate bottom for 30 – year U.S. Treasury Yields could be in place. The weekly CBOE 30 YR Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long- term Elliott wave count. The TYX move up from March 2020 to October 2023 appears to be a completed Elliott wave – Impulse pattern. Continue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23”
S&P 500 – Upside Target for 12/22/23 – Part Two
On 12/21/23 the S&P 500 (SPX) had retraced a Fibonacci .618 of the prior days micro crash. Late trading day momentum signaled the SPX could continue to rally and possibly peak in the 4,758 to 4,762 area. Also noted that if that resistance zone was broken, the SPX could rally to just below its 12/20/23Continue reading “S&P 500 – Upside Target for 12/22/23 – Part Two”
S&P 500 Upside Target for 12/22/23
Many times, after a market trend change there’s can be a deep retracement of the new trends first movement. A simple reason why there could be deep retracements – market participants believe the prior trend is still underway. The 15-minute S&P 500 (SPX) chart courtesy of Trading View shows what happened after the sharp andContinue reading “S&P 500 Upside Target for 12/22/23”
Probable Intermediate Top – 12/20/23
Today 12/20/23 the S&P 500 (SPX) had its fastest and deepest decline since the U.S. stock buying mania began on 10/27/23. When something different happens it usually means a developing trend change. In this case an intermediate decline that could continue for several days or a few weeks. The 3 -hour SPX chart courtesy ofContinue reading “Probable Intermediate Top – 12/20/23”
U.S. Stock Mania – December 2023
The 12/09/23 blog “VIX Makes a New Low- 12/08/23” noted the VIX low implied the S&P 500 (SPX) could rally into early January 2024. There was also a short – term bearish signal illustrated and noted. “The breakout to a new SPX – 2023 high also came with bearish divergences on the RSI and MACD. Continue reading “U.S. Stock Mania – December 2023”
Using the Commodity Channel Index
There are no perfect market indicators. Traders can however increase their chances of success by understanding how an indicators behaves by itself, or in conjunction with other market indicators. Recently I’ve begun a study of the Commodity Channel Index, the following is a description of the indicator. “The Commodity Channel Index (CCI) measures the currentContinue reading “Using the Commodity Channel Index”
VIX Makes a New Low – 12/08/23.
On 12/08/23 the S&P 500 (SPX) moved above it’s 12/01/23 high and the top made on 07/27/23. Corresponding with the new SPX – 2023 high was a new low in the S&P 500 – Volatility Index (VIX). The new VIX low implies U.S. stocks could rally into early January 2024. The daily SPX chartContinue reading ” VIX Makes a New Low – 12/08/23.”
Treasury Yields Near a Bottom – 12/07/23.
For several months there’s been an inverse relationship between U.S. stocks and U.S. government debt yields/rates. The recent manic U.S. stock rally since late October corresponds with the U.S. 30 – year Treasury yield (TYX) decline. Near – term the TYX appears it could be making a bottom. The daily TYX chart courtesy of TradingContinue reading “Treasury Yields Near a Bottom – 12/07/23.”
Possible S&P 500 Intermediate Top Made on 12/01/23.
The 11/26/23 “Time Cycle Turn late November 2023” examined a potential S&P 500 – Fibonacci time cycle based on prior peaks and noted. “The week beginning 02/18/20 to the week beginning 01/03/22 is 98 – weeks. Projecting 98 – weeks from 01/03/23 targets the week beginning 11/20/23. On this time scale a leeway of oneContinue reading “Possible S&P 500 Intermediate Top Made on 12/01/23.”
Four Dimension Trading 