The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band. This is typically a sign of a market index or stock nearing upside exhaustion. At the open of the 04/22/26 session DJT was still above the weekly Bollinger band. What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”
Category Archives: Price
International Bearish Divergences
Two of the three main U.S. stock indices, S&P 500, and Nasdaq Composite have recently made all-time highs. However, other major national stock markets have failed to reach new heights. Could the bearish divergences be a warning sign of more downside action in 2026? The first daily chart courtesy of Trading View illustrates the UK100Continue reading “International Bearish Divergences”
Semiconductor Sector Update – April 2026
The PHLX Semiconductor index (SOX) was the subject of the 11/09/25 blog “The Leading U.S. Stock Sector – Part – Two”. In late October 2025 – SOX made an all-time high with weekly RSI deep in the overbought zone and at its highest level since the bull move began in April 2025. Normally stocks andContinue reading “Semiconductor Sector Update – April 2026”
Beneath Strong Resistance – April 2026
The prior blog noted that S&P 500 ($SPX) had strong resistance in the 6,850 to 6,900 area. On 04/10/26 $SPX moved marginally higher and reached 6,845.77. This could be a significant peak, if not, a peak could be reached in the next one or two trading days. The daily $SPX chart courtesy of StockCharts.com updatesContinue reading “Beneath Strong Resistance – April 2026”
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?”
Additional S&P 500 – Support Zones – Part Two
A main aspect of the Strat method is that a break of the high/low of the prior bar could target the high /low of the next prior bar. The quarterly – three-month S&P 500 (SPX) chart courtesy of Trading View illustrates a potential major break point. The next quarterly bar bottom is at 6,177.97, aContinue reading “Additional S&P 500 – Support Zones – Part Two”
Additional S&P 500 – Support Zones
All markets go through a cycle of growth and rest. Unending growth is not possible, at some point there’s needs to be rest, in terms of a stock market the “rest’ is a decline. Sometimes events outside the domain of normal economic activity could increase the depth of a stock market decline. The Covid crisisContinue reading “Additional S&P 500 – Support Zones”
Resistance at the 200 – Day Moving Average – March 2026
The 03/07/26 blog “S&P 500 – Support Zone – March 2026” noted “If the SPX trends down, there’s a good chance a bottom could be made in the 6,550 to 6,470 area”. The 03/21/26 blog “S&P 500 – Support Zone Reached – 03/20/26” noted “On 03/20/26 the S&P 500 (SPX) bottomed out at 6,473.52”. TheContinue reading “Resistance at the 200 – Day Moving Average – March 2026”
Four Dimension Trading 