Category Archives: Momentum

Cease Fire Buying Panic

The cease fire in the Iran war triggered a stock buying panic.  Elliott wave and Point & Figure analysis indicate the next potential resistance area. The daily S&P 500 chart – StockCharts.com symbol $SPX illustrates daily momentum.  Both lines of Slow Stochastic have reached the overbought zone which begins at 80.00.  This implies a peakContinue reading “Cease Fire Buying Panic”

Potential Resistance at the 200 – Day Moving Average – April 2026

The 03/26/26 blog “Resistance at the 200 – Day Moving Average – March 2026” illustrated what happed when the S&P 500 (SPX) marginally moved above the 200 – Day Simple Moving Average (SMA).  Subsequently the SPX continued to decline.   The SPX as of 04/02/26 was about one or two trading days from the 200Continue reading “Potential Resistance at the 200 – Day Moving Average – April 2026”

Crude Oil Pushing Higher?

Two indicators suggest Crude Oil could continue to rise. The Crude Oil daily Continuous Futures chart (CL2!) courtesy of Trading View shows what happened in 2022. In March 2022 Crude Oil made a primary peak.  After several weeks of sideways action the Bollinger bands contracted, at the narrowest point daily RSI moved above its movingContinue reading “Crude Oil Pushing Higher?”

 Five – Year Analysis of the S&P 500

Weekly S&P 500 (SPX) momentum oscillators point to an approaching bottom. The weekly SPX chart courtesy of StockCharts.com illustrates the action since 2021. The weekly Slow Stochastic has already gone below the level achieved at the April 2025 bottom and is the second most oversold reading in five – years.   A case could be madeContinue reading ” Five – Year Analysis of the S&P 500″

The Case for Higher U.S. Interest Rates – March 2026

The 03/14/26 blog “Update U.S. 30 – Year Treasury Yield – Elliott Wave Count – 03/13/26” illustrated that the U.S. 30 – Year Treasury Yield (TYX) had probably completed a multi- year Elliott wave – Horizontal Triangle. The weekly TYX chart courtesy of Trading View updates the action. During the week of 03/16/26 to 03/20/26Continue reading “The Case for Higher U.S. Interest Rates – March 2026”

S&P 500 – Support Zone Reached – 03/20/26

The prior blog “Near the S&P 500 – 200 – Day Moving Average” noted, “Using the SPX – 200 – day SMA with daily RSI and potential Fibonacci support could identify at least a short- term bottom sometime in the next two weeks”. The support zone was 6,550 to 6,470.  On 03/20/26 the S&P 500Continue reading “S&P 500 – Support Zone Reached – 03/20/26”

Near the S&P 500 – 200 – Day Moving Average

In the next one or two trading days the S&P 500 (SPX) could touch or break the 200 – day Simple Moving Average (SMA) line. The daily SPX chart courtesy of Trading View illustrates the action since November 2024. Please note that the last time the SPX was approaching the 200 – day SMA wasContinue reading “Near the S&P 500 – 200 – Day Moving Average”

 Long-Term View of Crude Oil – March 2026

Last week Crude Oil spiked up over 30%.  Long-term analysis puts this move in perspective.  The monthly continuous futures chart – Trading View symbol “CL2!” illustrates the action back to 2006.  During early 2022 price went 25% above the upper Bollinger Band.  Currently Crude Oil is only 9% above the upper Bollinger Band. In 2008Continue reading ” Long-Term View of Crude Oil – March 2026″

S&P 500 – Support Zone – March 2026

Since mid – December 2025 the S&P 500 (SPX) has been in a narrow choppy range, frustrating both bulls and bears.  If the bears can break through nearby support, it could drop SPX to a more significant support zone. The daily SPX chart courtesy of StockCharts.com illustrates three momentum oscillators. On 12/17/25, 03/03/26, and 03/06/26Continue reading “S&P 500 – Support Zone – March 2026”