Category Archives: Momentum

Sentiment and Momentum for U.S. Stocks at Amazing Levels

The daily VIX chart courtesy of Trading View illustrates long term sentiment. The VIX, which is also referred to as the fear index, is very effective identifying S&P 500 (SPX) bottoms.  VIX spikes up correspond to SPX spikes down.  The big question, how high do the VIX spikes go before the SPX bottoms? The RSIContinue reading “Sentiment and Momentum for U.S. Stocks at Amazing Levels”

S&P 500 – Price and Time Targets Hit!

The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom around the 08/05/24 mini crash bottom 04/03/25 or 04/04/25. The 08/05/24 bottom was at 5,119.26, the low SPX low on 04/04/25 was 5,069.90.  Evidence from SPX momentum oscillators reveal clues to what could soon happen. TheContinue reading “S&P 500 – Price and Time Targets Hit!”

Alternate Time Forecast for Intermediate S&P 500 Bottom

The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom in the 5,100 area on 04/03/25 or 04/04/25.   The price forecast remains the same and given the SPX powerful decline on 03/28/25 it’s possible to reach 5,100 by 04/03/25 or 04/04/25.   However, there is another timeContinue reading “Alternate Time Forecast for Intermediate S&P 500 Bottom”

S&P 500 – Resistance Update – 03/24/25

The daily S&P 500 (SPX) chart courtesy of BigCharts.com updates the action. On 03/24/25 the SPX moved above the Fibonacci .382 retracement level of the February to March 2025 decline and the 200 – day Simple Moving Average (SMA).  Of the two the widely followed 200- day SMA is more important.      If SPX continuesContinue reading “S&P 500 – Resistance Update – 03/24/25”

Using Volume Profile to Find Support and Resistance

Volume Profile places volume on a vertical axis, it displays the distribution of trading volume across different price levels over a specified period.  This helps traders identify areas of high and low trading activity and potential support/resistance levels. The 60 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates recent Volume profile action.Continue reading “Using Volume Profile to Find Support and Resistance”

Choppy Stock Rally

The S&P 500 (SPX) move up from the 03/13/25 bottom has the choppy look of an Elliott wave corrective pattern. The daily SPX chart courtesy of BigCharts.com updates the bigger picture. The BigCharts.com Slow Stochastic indicator is very effective in identifying market turns. So far, Slow Stochastic has not reached the overbought zone which beginsContinue reading “Choppy Stock Rally”

U.S. Stocks Could Rally into 03/19/25

Short-term momentum and price evidence suggests stocks could rally into the U.S. – FOMC interest rate announcement on 03/19/25. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates the short-term action. On 03/13/25 SPX bottomed out just above round number support at 5,500. Hourly RSI and MACD had significant bullish divergences.  At theContinue reading “U.S. Stocks Could Rally into 03/19/25”

Watch For an S&P 500 – Death Cross – Part – Two

This site’s prior blog noted. “Anything can happen in the markets, and we are always testing our hypothesis. The first test comes in the week of 03/10/25 to 03/14/25.  If the SPX moves back below its 200 – day SMA and it’s 03/07/25 bottom, there’s a high probability of more downside action”.    The dailyContinue reading “Watch For an S&P 500 – Death Cross – Part – Two”

Bullish Divergences Blown Away – 03/07/25

The 03/03/25 blog “The Three – Minute Rally” noted. “In the very near – term if the SPX goes below its 03/03/25 bottom, watch the daily RSI. In powerful moves up or down RSI bullish divergences are blown away.  If the current daily SPX – RSI bullish divergence is erased, it could mean the SPXContinue reading “Bullish Divergences Blown Away – 03/07/25”