Category Archives: Price

S&P 500 – Short – Term Resistance – 08/09/24

Recent sentiment and momentum evidence suggest the S&P 500 (SPX) could rally into mid – September 2024.   Fibonacci analysis indicates an important barrier the bulls  need to overcome. First a look at short -term momentum.  The daily SPX  chart courtesy of BigCharts.com illustrates some interesting clues. The BigCharts.com Slow Stochastic is very effective in catchingContinue reading “S&P 500 – Short – Term Resistance – 08/09/24”

Support Areas for S&P 500 – August 2024

Volume Profile analysis indicates where the S&P 500 could find support during the month of August 2024. Volume Profile puts market volume on a vertical axis which illustrate where volume is relative to price.   The wider the volume bar the greater the potential support/resistance.   The widest volume bar is called “Point of Control” (POC). TheContinue reading “Support Areas for S&P 500 – August 2024”

U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.

Long- and short-term Fibonacci time and price relationships imply an important U.S. 30 – Year Treasury Yield (TYX) bottom could be made late August/early September 2024. The weekly TYX chart courtesy of Trading View examines the long-term picture.                                                   One of the main aspects of Elliott wave analysis is that corrections of movements are usuallyContinue reading “U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.”

Could August be an Awful Month for Stock Bulls?

Sometimes a market trend can change in as little as a 30 – minute bar.  Longer – term changes can come on the cusp of a new year, or perhaps a new month. U.S. stocks started August 2024 with a vicious downturn. The daily S&P 500 (SPX) chart courtesy of BigCharts.com  shows the action sinceContinue reading “Could August be an Awful Month for Stock Bulls?”

Nasdaq 100 – Elliott Wave Count – 07/31/24

The Nasdaq 100 (NDX) is at a crossroads.  The action on 08/01/24 could determine the near – term course for U.S . stocks. The daily NDX chart courtesy of Trading View shows the first alternate Elliott wave count. The NDX from its 07/10/24 all-time high has a very clear Elliott wave count.   The general formContinue reading “Nasdaq 100 – Elliott Wave Count – 07/31/24”

Nasdaq 100 – the New Downside Leader

Throughout the 2024 U.S. stock rally the Nasdaq Composite and its sub index Nasdaq 100 (NDX) were the upside leaders.  Since their respective all-time highs things have been different. The performance of the three main U.S. stock indices and NDX from their all-time highs to their recent decline bottoms are as follows. Dow Jones IndustrialContinue reading “Nasdaq 100 – the New Downside Leader”

Long-Term S&P 500 – Momentum – 07/25/24

Signals from weekly momentum indicators imply more downside action for the S&P 500 (SPX). The weekly SPX chart courtesy of Trading View shows the long – term action. Weekly Stochastic has a bearish line cross and the lower line has entered the neutral zone. RSI has moved below its moving average line and has alsoContinue reading “Long-Term S&P 500 – Momentum – 07/25/24”

Comparisons of the S&P 500 in 2018 and 2024

In early 2018 the S&P 500 (SPX) had a blow off top.   Mid-2024 could be a repeat of that spectacular peak. The daily SPX chart courtesy of Trading View shows what happened from late 2017 to early 2018. In the final 37 – trading days of the bull run  – late 2017 to early 2018Continue reading “Comparisons of the S&P 500 in 2018 and 2024”

    In the Zone and Overbought

The 07/08/24 blog “Major S&P 500 – Fibonacci Resistance” noted long – term resistance at 5,615.63.  On 07/11/24 the S&P 500 (SPX) high was 5,642.45 within leeway of the bullseye target. The weekly SPX chart courtesy of Trading View illustrates the long-term action. The bullseye target of 5,615.63 was calculated by taking a Fibonacci .382Continue reading ”    In the Zone and Overbought”