The 04/16/23 blog “Crude Oil Elliott Wave Pattern – 04/14/23” illustrated that a Primary degree bottom for Crude Oil was probably made at the 03/20/23 bottom. About one week after that bottom Saudi Arabia announced an Oil production cut which pushed prices even higher. The 04/16/23 blog noted “The current rally and potential rally laterContinue reading “Crude Oil Update – 05/05/23”
Category Archives: Momentum
Expanding Flat Correction Complete – 05/04/23
The 05/03/23 blog “Wild Oscillations” noted that the Fibonacci Inverse ratio of 1.145 was a characteristic of an Elliott wave – Expanding Flat or a Running Horizontal Triangle. Today 05/04/23 the S&P 500 (SPX) completed what appears to be an Expanding Flat. The SPX – 30 – minute chart courtesy of Trading View illustrates theContinue reading “Expanding Flat Correction Complete – 05/04/23”
Examination of Long and Short -Term Interest Rates – 04/28/23
On 05/03/23 the U.S. FOMC will announce their decision on short – term interest rates. A look at the charts of 13 – week U.S. Treasury Bill rates (IRX) and 30 – year U.S. Treasury Bond yields (TYX) give hints to what may happen in the coming months. The monthly IRX chart courtesy of TradingContinue reading “Examination of Long and Short -Term Interest Rates – 04/28/23”
UK 100 Secondary Top Could be in Place – 04/27/23
The 04/23/23 blog “UK 100 at Sell Point? – 04/21/23” noted the UK 100 (UKX) had reached an area of chart resistance. Since then, the peak at 7,936 has held. The daily UKX chart courtesy of Trading View updates the action. Price has begun to rollover. The daily RSI has crossed below it’s movingContinue reading “UK 100 Secondary Top Could be in Place – 04/27/23”
Break Below Powerful Support – 04/25/23
The 04/20/23 Blog “The Next S&P 500 Support Level” noted the S&P 500 (SPX) had Fibonacci support at 4,107.06 and 4,108.06. Also noted, “When you have two Fibonacci coordinates that are very close together it represents powerful support/resistance. A break trough of powerful support/resistance would require powerful force.” On 04/21/23 the SPX bottomed out atContinue reading “Break Below Powerful Support – 04/25/23”
UK 100 at Sell Point? – 04/21/23
The 04/19/23 blog “UK 100 Near Sell Point – 04/19/23” noted “The UKX has reached the resistance zone and a small rally could complete the Minor wave “2” formation.” The 3 – hour UK 100 (UKX) chart courtesy of Trading View updates the action. The upper end of chart resistance was estimated to be 7,975,Continue reading “UK 100 at Sell Point? – 04/21/23”
U.S. Stocks Could Rally for Another Week
On 04/13/23 the S&P 500 (SPX) appeared to be nearing an important top. The action on 04/14/23 has invalidated that forecast opening the door for at least another week of rising prices. The SPX 15 – minute chart courtesy of Trading View shows what happened. The 04/13/23 blog “Suspicious Decline – Part -Two” noted thatContinue reading ” U.S. Stocks Could Rally for Another Week”
Rally End Game for Stocks? – 04/06/23
An important top for U.S. stocks could be made next week. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. The SPX may soon complete an Elliott wave – Inverse Horizontal Triangle that began on 06/22/23. It appears the final part of that structure – Minor wave “E” could terminate onContinue reading “Rally End Game for Stocks? – 04/06/23”
S&P 500 – Elliott Wave and Momentum Update – 03/31/23
On 03/31/23 the S&P 500 (SPX) rallied close an important resistance zone. Its possible an important top may have been made on 03/31/23, momentum indicators suggest more upside action. The daily SPX chart courtesy of BigCharts.com illustrates three momentum oscillators. The Slow Stochastic is the most sensitive of the three indicators. The upper line hasContinue reading “S&P 500 – Elliott Wave and Momentum Update – 03/31/23”
Philippines Stock Exchange Update – 03/30/23
The Philippines Stock Exchange (PSEI) could make an important top in early April 2023. The PSEI decline from 01/24/23 to 03/16/23 was in the form of an Elliott wave impulse pattern. The five wave drop could be the first part of a much larger bear phase lasting several weeks or perhaps months. The daily PSEIContinue reading “Philippines Stock Exchange Update – 03/30/23”
Four Dimension Trading 