Category Archives: Momentum

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”

The prior blog noted bullish divergences for New 52 – week lows and Advance/Decline line at the SPX 09/20/21 bottom. The daily NYSE – New 52 – week lows ($NYLOW) courtesy of Stockcharts.com illustrates this internal stock market indicator. Today 09/23/21 the S&P 500 (SPX) briefly moved  above a .618 retracement of the decline fromContinue reading “NYSE – New  52 – Week Lows”

Today 8/27/21 both the S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs. The Daily NYSE – New 52 – Week Highs chart ($NYHGH) courtesy of StockCharts.com updates the activity of this indicator.  The move  today above the level recorded on 08/25/21 is mildly bullish. If next week there’s a move above 314Continue reading “New – 52 – Week High Update 08-27-21”

Today 08/16/21 the S&P 500 (SPX)  and Dow Jones Industrial Average continued their up trends by making new all-time highs. Several internal momentum indicators continued their down trends. The NYSE – New 52 – Week Highs ($NYHGH) chart courtesy of StockCharts.com illustrates one of the momentum indicators. The simultaneous up trend with a diminishing numberContinue reading “US Stock Market Up and Down Trends”

In the last few months  there have been several illustrations of Ending Diagonal Triangles (EDT) illustrated on this website.  The main reason is that this structure appears as R.N  Elliott stated, “after the market has moved too far too fast”. What’s happened with the main US stock indices since March 2020 is definitely too farContinue reading “On the Verge of a Mini-Crash?”