Stock Market Bulls Stike Back – 05/29/25

This website’s 05/25/25 blog illustrated that the S&P 500 (SPX) had a potentially bearish Elliott wave count.  As it turns out the SPX – 200 – day Simple Moving Average (SMA) line support held. The daily SPX chart courtesy of Trading View illustrates what happened. Most of the time a market or stock will trendContinue reading “Stock Market Bulls Stike Back – 05/29/25”

S&P 500 – 200 – Day Simple Moving Average Update – 05/23/25

On 05/23/25 the S&P 500 (SPX) hit and closed the trading session just above its 200 – day Simple Moving Average (SMA).  What the SPX does during the week of 05/27/25 to 05/30/25 could determine its course into at least mid – July 2025. The daily SPX chart courtesy of Trading View illustrates what’s happened.Continue reading “S&P 500 – 200 – Day Simple Moving Average Update – 05/23/25”

U.S. Long -Term Treasury Yield Hit a High Point

On 05/22/25 the CBOE 30 – Year Treasury Bond Yield (TYX) hit 5.15 the high of a multi – year bull move made on 10/23/23. The daily TYX chart courtesy of Trading View illustrates the most likely Ellott wave count. The 05/17/25 blog “Detailed Elliott Wave Count for U.S. 30 – Year Treasury Yield -05/16/25”Continue reading “U.S. Long -Term Treasury Yield Hit a High Point”

Daily Sell Signals for the S&P 500 – 05/21/25

Daily S&P 500 (SPX) Stochastic has a bearish line cross.   Daily RSI has crossed below its moving average line.  The daily SPX chart courtesy of Trading View updates the action. If the SPX decisively moves below its 200 – day Simple Moving Average (SMA) and stays below the line, it could be very bearish. HowContinue reading “Daily Sell Signals for the S&P 500 – 05/21/25”

Follow the Trendlines

Trendline analysis could identify the next significant S&P 500 (SPX) turn. The two – hour SPX chart courtesy of Trading View updates the action. Since 04/09/25 the SPX has been trading within a rising wedge which is typically bearish.  The upper trendline intersects with the 03/25/25 peak on 05/12/25.   Note that the two – hourContinue reading “Follow the Trendlines”

S&P 500 – Pushes Higher – 05/08/25

The prior blog “S&P 500 Rallies into the Heart of Resistance – 05/01/25” noted. “The 04/27/25 blog “Short-Term Outlook for U.S. Stocks – 04/25/25” illustrated that during the 2022 bear market SPX stocks above the 20 – day moving average during the March and August bear market rallies had readings above 90.   The reading onContinue reading “S&P 500 – Pushes Higher – 05/08/25”

S&P 500 Rallies into the Heart of Resistance – 05/01/25

On 05/01/25 the S&P 500 (SPX) rallied into a major resistance zone and then turned down.  An important peak for U.S. stocks could be in place. The daily SPX chart courtesy of BigCharts.com updates the action. This website prior blog illustrated SPX – Volume Profile and Fibonacci analysis illustrated that there was Volume Profile andContinue reading “S&P 500 Rallies into the Heart of Resistance – 05/01/25”

Rally into the Heart of Resistance?

The prior blog “Short-Term Outlook for U.S. Stocks – 04/25/25” noted “U.S. stocks could continue to rally into the week of 04/28/25 to 05/02/25”. An important peak for U.S. stocks could be made on 05/01/25.  The hourly S&P 500 (SPX) chart courtesy of Trading View updates the action. The Volume Profile method places volume onContinue reading “Rally into the Heart of Resistance?”

Short-Term Outlook for U.S. Stocks – 04/25/25

U.S. stocks could continue to rally into the week of 04/28/25 to 05/02/25. The daily S&P 500 (SPX) chart courtesy of BigCharts.com illustrates the recent action. As of 04/25/25 only the upper line of the Slow Stochastic has reached the overbought zone which begins at 80.00.  The lower line is at about 70.00.   The readingContinue reading “Short-Term Outlook for U.S. Stocks – 04/25/25”

   Into Overhead Resistance

The S&P 500 (SPX) has reached the edge of overhead resistance. The SPX has a trading range from 5,500 to 5,700 made in March 2025.   Traders/investors that went long stocks in this zone quickly experience a sharp market decline.   This is overhead resistance where many stock buyers could sell rising stocks. The daily SPX chartContinue reading ”   Into Overhead Resistance”