This websites prior blog noted the S&P 500 (SPX) had ended the 12/18/24 main session near two support levels. The daily SPX chart courtesy of Trading View updates the action. The SPX on 12/19/24 failed to break below the upper line of the Ichimoku Cloud and chart support at 5.853.01. The 15 – minute SPXContinue reading “U.S. Stocks Ready to Bounce?”
Category Archives: Price
Decisive Downside Break – 12/18/24
On 12/18/24 after the U.S. – FOMC decision the S&P 500 (SPX) decisively broke below the rising trendline connecting the 08/05/24 and 11/04/24 bottoms. The daily SPX chart courtesy of Trading View examines the situation. Daily momentum indicators imply more downside action. Only one line of Stochastic has reached the oversold zone. RSI is inContinue reading “Decisive Downside Break – 12/18/24”
Gold Downside Forecast – December 2024
Gold could make a bottom very late in 2024 or early 2025. The daily Gold Continuous Futures (GC1!) courtesy of Trading View illustrates its action since March 2024. On 10/31/24 Gold Futures peaked at 2,801.20, the subsequent 10 – trading day decline was a five – wave Elliott Impulse pattern. If so, this couldContinue reading “Gold Downside Forecast – December 2024”
U.S. Interest Rates Surge Higher
With anticipation of a U.S. FOMC short -term rate cut next week, longer – term U.S. rates are rising. The weekly CBOE 30- Year Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long-term Elliott wave count. From March 2020 to October 2023 TYX rallied in a clear five wave extended Impulse pattern. Continue reading “U.S. Interest Rates Surge Higher”
Rule of Majority Signal – December 2024
The U.S. stock market peaks in 2000, 2007, and 2022 occurred with only one of the three main U.S. stock indices making a new bull – market top. I call this phenomenon a “Rule of Majority” signal. The three main U.S. stock indices are the S&P 500 (SPX), Dow Jones Industrial Average (DJI) and theContinue reading ” Rule of Majority Signal – December 2024″
Bitcoin Breakthrough – 12/05/24
Today 12/05/24 Bitcoin in U.S. dollars (BTCUSD) reached 100,000! The daily chart courtesy of Trading View shows the action. BTCUSD went as high as 104,000 before reaching a peak. This is on the far side of the leeway around 100,000. This factor plus what appears to be an incomplete Elliott wave pattern opens the doorContinue reading “Bitcoin Breakthrough – 12/05/24”
U.S. Stock Market Theme – 2024
The theme for U.S. stocks in 2024 has been, main stock indices make new highs with bearish momentum. The indices have only minor declines, then the bearish momentum divergences are erased. On 011/29/24 two of the main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average made new all – time highs withContinue reading “U.S. Stock Market Theme – 2024”
Bitcoin 100,000!
On 11/22/24 Bitcoin (BTCUSD) reached 99,860 close to a major round number 100,000. Could this number represent significant resistance? An examination of BTCUSD history reveals some fascinating data. The monthly BTCUSD chart courtesy of Trading View shows the long-term view since its inception in December 2014. Each of the three important BTCUSD peaks came closeContinue reading “Bitcoin 100,000!”
U.S. Long – Term Interest Rates at Important Level
Trading action in the next few days could determine the direction of U.S. long – term interest rates for several weeks. The daily CBOE 10 – year Treasury Yield (TNX) chart courtesy of Trading View shows its progress since mid – 2023. TNX has moved marginally above the declining trendline connecting the October 2023 andContinue reading “U.S. Long – Term Interest Rates at Important Level”
Trump Reelection – Catalyst for a Bull Market?
The day after the election of Donald Trump as the U.S. president in 2016 the S&P 500 (SPX) had a big rally which kicked off for a multi month bull market. The day after Donald Trump’s reelection in 2024 the SPX had a big rally. Could this be the start of another multi month bullContinue reading ” Trump Reelection – Catalyst for a Bull Market?”
Four Dimension Trading 