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”
Category Archives: Momentum
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”
Rally for One – Week or One – Month?
The 03/11/23 blog “Stock Market Fuel” noted that the Dow Jones Industrial Average (DJI) had two Fibonacci support points. One at 31,552 the other at 31,657. The DJI bottom on 03/13/23 was at 31,641 between the two support points.The 03/11/23 blog also illustrated S&P 500 (SPX) Point & Figure support at SPX 3,815. The SPXContinue reading “Rally for One – Week or One – Month?”
Major UK 100 Top is Probably in Place
The 02/09/23 blog “Price Forecast for UK 100 Major Top” noted that a multi-year rising trendline and two Fibonacci coordinates implied the broad zone for a major top was 8,050 to 8,300. On 02/16/23 the UK 100 (UKX) reached 8,047, this could be a major top! The monthly UKX chart courtesy of Trading View showsContinue reading ” Major UK 100 Top is Probably in Place”
Stock Market Fuel
How much lower could U.S. stocks go before reaching an important bottom? Momentum oscillators are similar to a fuel gauge for markets, they can give you a rough estimate of where a movement could end. The weekly S&P 500 (SPX) chart courtesy of BigCharts.com illustrates the action since early 2022. Stochastic is generally a moreContinue reading ” Stock Market Fuel”
S&P 500 Breaks Support – 03/09/23
The blog “Move Up From Important Support – 03/02/23” noted the S&P 500 (SPX) rallied after it reached the area of two Fibonacci support levels and the 200 – day moving average (MA). Today 03/09/23 the SPX broke and closed the session below this important support. This break opens the door for more downside action.Continue reading “S&P 500 Breaks Support – 03/09/23”
Philippines Stock Exchange Update – 03/08/23
The daily Philippines Stock Exchange (PSEI) chart courtesy of Trading View updates the action. The prior PSEI session declined about 1.3% then at the end finished positive for the day. The current session as of this writing is down slightly. The MACD so far has a very small bullish lines cross, Stochastic has a smallContinue reading “Philippines Stock Exchange Update – 03/08/23”
Philippines Stock Exchange – Update – 03/07/23
Momentum oscillators for the Philippines Stock Exchange (PSEI) are bullish. The daily PSEI chart courtesy of Trading View illustrates three momentum indicators. Daily Stochastic has a bullish lines crossover and is still in the neutral zone, this implies more near-term upside action. Daily RSI has crossed above its moving average line and is also stillContinue reading “Philippines Stock Exchange – Update – 03/07/23”
Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates
The 10/23/22 blog “Intermediate Top For Interest Rates” noted “If US interests rates decline it could be a catalyst for a multi- week rally in US stocks”. Subsequently the rates/yields for 10 and 30 – year U.S Government bonds/notes declined and U.S stocks rallied. There could soon be another decline for 10 and 30 –Continue reading “Long – Term Elliott Wave Count For 10 – year U.S Treasury Rates”
Four Dimension Trading 