Category Archives: Price

Important U.S. Stock Market Update – 01/17/25

This websites prior blog noted that the S&P 500 (SPX) had powerful resistance in the area of the declining trendline connecting the12/26/24 and 01/06/25 peaks. Trading View has a stock index called SPX 500 symbol SPX500 which tracks the movements of the S&P 500 futures with  equivalent price levels to the SPX.  This allows youContinue reading “Important U.S. Stock Market Update – 01/17/25”

How to Discover Support and Resistance Levels

The 01/11/25 blog “U.S. Stock Market Short- Term Rise  Complete?” noted. “If on 01/13/25 the SPX declines more than 1.50% from its session  close of 01/10/25 , it could be just the start of a very steep decline.  Otherwise,  be prepared for another U.S. stock market rally”. On 01/13/24 the SPX declined less than 1.50%,Continue reading “How to Discover Support and Resistance Levels”

Another Rise for U.S. Treasury Yields

The 09/06/24 blog “U.S. Treasury Yield Update – 09/06/24” had these comments. “The other factor that could contribute to TYX trending lower is the U.S. FOMC interest rate decision on 09/18/24.  It’s widely expected that they will cut short-term interest rates by at least .25 basis points, perhaps more.  This could be a classic caseContinue reading “Another Rise for U.S. Treasury Yields”

Gold Elliott Wave Count – 01/03/25

The 12/15/24 blog “Gold Downside Forecast – December 2024”  noted Gold Continuous Futures could reach 2,500 to 2,450 in late December 2024.  Price subsequently declined, then rallied.   Elliott wave analysis and the Ichimoku Cloud indicator provide clues to what may happen in the coming weeks. The daily Continuous Gold Futures (GC1!) courtesy of Trading ViewContinue reading “Gold Elliott Wave Count – 01/03/25”

Probable Short- Term Rise for U.S. Stocks – 01/02/25

Long – term evidence implies U.S. stocks could be in the early stages of a multi-month decline.   Near – term the bulls appear poised for a rebound. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates short- term external momentum. On 01/02/25 the SPX broke marginally below important support made onContinue reading “Probable Short- Term Rise for U.S. Stocks – 01/02/25”

U.S. 10 Year Treasury Note – Bearish Forecast

In March of 2020 the U.S. 10 Year Treasury Note made a major top.  The subsequent decline lasted more than three years.  The rally from October 2023  to September 2024 has the characteristics of a bounce within a still developing secular bear market.  The move down from the September 2024 peak could be the startContinue reading “U.S. 10 Year Treasury Note – Bearish Forecast”

U.S. Stocks Move Down – 12/27/24

This websites prior blog illustrated that the S&P 500 (SPX) had reached Fibonacci and overhead resistance and noted.  “The wave “c” of a presumed Elliott Wave – Single Zigzag may have terminated on 12/26/24”. The 60-minute SPX chart courtesy of Trading View shows what happened. All three of the main U.S stock indices had significantContinue reading “U.S. Stocks Move Down – 12/27/24”

Santa Claus Rally – 12/26/24

The 12/24/24 blog “Fascinating Elliott Wave Patterns – 12/24/24” noted. “The sharp rally on 12/20/24 could be the “a” wave of an Elliott wave – Single Zigzag.  If so, there’s a good chance for the SPX to rally beyond its 12/19/24 high sometime on 12/23/24 or 12/24/24.”   The wave “c” of a presumed Elliott WaveContinue reading “Santa Claus Rally – 12/26/24”