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”
Category Archives: Price
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”
Underground Bear Market
An examination of 52 -week lows for U.S. stocks reveals a developing bear market. Looking just at the action of the main U.S. stock indices, the recent decline is minor. Viewing the new – 52 – week lows shows many U.S. stock are already in a bear market. The daily S&P (SPX) 500 chart courtesyContinue reading ” Underground Bear Market”
U.S. Stocks Ready to Bounce?
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?”
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”
Four Dimension Trading 