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”
Category Archives: Momentum
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”
The Three – Minute Rally – 03/03/25
On 02/28/25 the short – term momentum for the S&P 500 (SPX) was bullish suggesting a rally of at least one trading day – it lasted three – minutes. The SPX 15 – minute chart courtesy of trading view updates the short – term action. The SPX made its 03/03/25 intraday high three – minutesContinue reading “The Three – Minute Rally – 03/03/25”
The First Elliott Wave Down – 02/28/25
On 02/28/25 the S&P 500 (SPX) appears to have completed an Elliott – Impulse wave from the all-time high made on 02/19/25. If so, this could be the first wave of a developing bear market that could continue for months. The SPX 15 – minute chart courtesy of Trading View illustrates the action. An interestingContinue reading “The First Elliott Wave Down – 02/28/25”
What Could Cause a U.S. Economic Decline?
There are two ways to analyze markets and stocks, Fundamental and Technical. Technical analysis involves the study of price, and broadly the examination of momentum, sentiment and time. Because markets and stocks discount the future, they usually move six to nine months before the fundamentals. Fundamental analysis for markets examines factors such as employment, inflation,Continue reading “What Could Cause a U.S. Economic Decline?”
Downside Breakthrough – 02/27/25
The 02/22/25 blog “Short-Term S&P 500 Downside Target” noted that a break below S&P 500 (SPX) 6,003.00 could open the door for a move down to the 5,700 area. The daily SPX chart courtesy of Trading View updates the action. The important support at 6,003.00 was broken and the SPX is in a steep decline.Continue reading “Downside Breakthrough – 02/27/25”
Bearish U.S. Stock Market Divergences – 02/14/25
The prior blog “Updated S&P 500 – Long -Term Elliott Wave Count -02/14/25” noted that the S&P 500 (SPX) October to December 2022 rally – Intermediate wave (1) had a growth rate of 17.4%. There’s usually a Fibonacci price relationship between the first and fifth waves of motive patterns. Assuming that the SPX 01/13/25Continue reading “Bearish U.S. Stock Market Divergences – 02/14/25”
Four Dimension Trading 