Category Archives: Momentum

  Diverging  Trendlines

The main characteristic of an Elliott wave – Ending Diagonal Triangle is  it’s  wedge shape between converging  trendlines.  The supposed S&P 500 (SPX) Ending Diagonal Triangle (EDT) from the 01/04/22 peak now has diverging  trendlines. The daily SPX chart courtesy of Trading View illustrates the recent action. Could an Expanding – EDT  be forming –Continue reading ”  Diverging  Trendlines”

 Trendline Break Through

Today 03/17/22 the S&P 500 (SPX) continued to move above the trendline connecting the supposed wave “two” top – 02/09/22 with the supposed wave “four” top – 03/03/22 of a presumed Elliott wave Ending Diagonal Triangle from the all-time high on 01/04/22. The daily SPX chart courtesy of Trading  View illustrates  the declining  trendlines. TheContinue reading ” Trendline Break Through”

      Examination of US and German Stock Markets

After the 02/24/22 bottom US stocks appeared to be poised for a rapid move up, but after two days a trading range developed. Meanwhile,  German stocks as  measured by the DEU40 have continued to make new decline lows. Evidence from the DEU40 could be providing clues as  to the near-term direction for the global stockContinue reading ”      Examination of US and German Stock Markets”

Important US Stock Market Bottom Could be in Place – 02-24-22

The  02/24/22 dramatic reversal  after a powerful decline may have created an important bottom for US stocks.  The daily S&P 500 (SPX) chart courtesy of BigCharts.com illustrates  several bullish signals. There were bullish divergences on the daily Slow Stochastic, RSI and MACD vs. the higher bottom made on 01/24/22.  Slow Stochastic had a bullish linesContinue reading “Important US Stock Market Bottom Could be in Place – 02-24-22”

Bearish Internal Momentum

The 01/24/22 blog “Something Different is  Happening” focused on what are sometimes referred to as external indicators such as price levels and moving averages, these are factors that are known to the vast majority of traders/investors. The 01/24/22 blog noted three bearish external events.  The S&P 500 (SPX) went 4.7% below its 200 – dayContinue reading “Bearish Internal Momentum”

Bullish Momentum Returns – 01-12-22

On 01/10/22 the S&P 500 (SPX) held above the rising daily trendline connecting  the 12/03/21 and 12/20/21 bottoms.  Today 01/12/22 the SPX pushed above the .618 Fibonacci resistance level of the 01/04/22 to 01/10/22 decline. The daily SPX chart courtesy of Trading View illustrates the recent action. Additionally, today the RSI + MA had aContinue reading “Bullish Momentum Returns – 01-12-22”

S&P 500 Could be Basing For a Year End Rally – Part Three

On 12/23/21 the S&P 500 (SPX) moved above the high made on 12/16/21, this invalidated the Elliott wave count illustrated in the 12/21/21 blog.  That wave count had the SPX 12/20/21 bottom as a supposed Minor wave “C” of a developing Elliott wave – Horizontal Triangle.  If the 12/20/21 bottom was wave “C” then theContinue reading “S&P 500 Could be Basing For a Year End Rally – Part Three”

Slow Move Down – Fast Move Up

Common characteristics  of corrective patterns is choppiness and slowness. The recent S&P 500 (SPX) 11/22/21 to 12/03/21 decline  took approximately 58 – trading  hours. The move up from the 12/03/21 bottom has retraced  almost 80% of the  decline  in approximately  8 – hours.   The daily SPX chart courtesy of Trading View  illustrates  the  recentContinue reading “Slow Move Down – Fast Move Up”

 Choppy Stock  Decline

The 11/30/21 blog “Bearish November Omen” noted that the intraday decline of the S&P 500 (SPX) since the 11/22/21 top looked corrective.  Subsequently the SPX decline continued to look corrective.  The SPX  – 15- minute chart courtesy of BigCharts.com illustrates  the intraday action since the 11/22/21 all-time high. The easiest way to explain Elliott waveContinue reading ” Choppy Stock  Decline”