Category Archives: Momentum

The 10/03/21 blog “Struggling  to Go Lower – Part Three” noted  the S&P 500 (SPX) on 10/01/21 went below the bottom made on 08/19/21. However, there were less NYSE – new 52 – week lows ($NYLOW) on 10/01/21 than on 08/19/21 – a  bullish signal.  The 10/03/21 blog also mention that while October was seasonallyContinue reading “Bearish Rumbling Underneath the Stock Market Surface – 11-22-21”

As the US stock market entered November 2021 it appeared due for a correction lasting  one to two weeks. What happen was a continuation of the manic rally that began  on 10/13/21. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates the recent action. The best SPX – Elliott wave count since theContinue reading “US Stocks Could be Blasting into a December 2021 Top”

The 10/29/21 blog noted that the S&P 500 (SPX) reached short-term Fibonacci resistance, this blog focuses on the internal momentum of the US stock market. The NYSE – new – 52 – weeks highs chart ($MAHX) courtesy of Barcharts.com shows the action since May 2021. The SPX 09/02/21 all-time high had a significant bearish divergenceContinue reading ”  Deteriorating Bullish Momentum”

Today 10/22/21 both the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI) made new all-time highs breaking the “Rule of Majority” signal noted the  prior blog.  This is additional evidence that the intermediate path for US stocks is bullish.  Shorter term momentum evidence strongly suggests a correction of recent rally is imminent. TheContinue reading “Hourly Bearish Divergences”

Occasionally full/new moons can signal market tops/bottoms.  On 09/07/21 the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the other two main US stock indices, S&P 500 (SPX) and Dow Jones Industrial Average (DJI).  I call this a “Rule of the Majority” signal – when one of the three main stock indices makesContinue reading “Potential Lunar Signal October – 2021”

In the prior two trading days the NYSE Composite (NYA) has blasted up to near  its all-time high made on 09/02/21. The daily NYA chart courtesy of Trading View illustrates its recent action. Note the RSI is now above the level recorded at  09/02/21, this is a bullish divergence and implies the bull trend couldContinue reading “NYSE Composite Leads the Way”

The 09/23/21 blog “NYSE – New 52 – Week Lows” noted that the S&P 500 (SPX) 09/20/21 decline low had a bullish divergence of NYSE – New – 52 Week Lows ($NYLOW) vs. the SPX 08/19/21 bottom. The daily $NYLOW chart courtesy of StockCharts.com updates this internal momentum indicator. On 10/01/21 the SPX went belowContinue reading “Struggling to Go Lower – Part Three”

Since the S&P 500 (SPX) all-time high on 09/02/21 the decline has been slow. In nearly a month the SPX has only fallen about 5.5%.  Today 10/01/21 the SPX  broke below the important 09/20/21 bottom.  The break came early in the session, and it appeared the trend for the rest of the session  could beContinue reading “Struggling to Go Lower”

Today 09/28/21 the broad and deep decline in US stocks provided additional evidence that the next down wave could be  underway. The daily S&P 500 (SPX) courtesy of Trading View  illustrates the action. The daily RSI + MA had a bearish crossover following the daily Stochastic bearish crossover on 09/27/21. A  Fibonacci extension from theContinue reading “Possible Support Zone – Part Two”

As of today 09/27/21, the Elliott wave count for the S&P 500 (SPX)  is unclear and there’s a possibility a correction bottom was made on 09/20/21.  If the decline is still underway its possible that within the next few weeks, the SPX could come down to the area of the May 2021 minor correction. TheContinue reading “Possible Support Zone”