The 07/21/214 blog “Bearish Message from Gold and Silver” noted considerable evidence that both precious metals could soon begin a multi-week decline. Since then, Gold (XAUUSD) has exceeded its mid – July 2024 peak, while Silver (XAGUSD) continues to lag on the upside. A severe downward shift for both metals could be imminent. The weeklyContinue reading “Super Bearish Message from Gold and Silver”
Category Archives: Price
Breaking Through the Ceiling – 08/14/24
The 08/10/24 blog “S&P 500 – Short – Term Resistance” illustrated strong resistance in the S&P 500 (SPX) area of 5,390 to 5,397. Also noted “A move above 5,400 could quickly propel the SPX up to the low 5,500 area”. On 08/13/24 the SPX did move above 5,400 and is now close to the nextContinue reading “Breaking Through the Ceiling – 08/14/24”
U.S. Stock Market Forecast – Late 2024
Long – term S&P 500 (SPX) price patterns could provide clues to the direction of U.S. stocks in the second half of 2024. The 07/20/24 blog “Examination of S&P 500 – July Tops” looked at seven examples of what happened with the SPX after significant July peaks. Two of the examples, post July 2011 andContinue reading “U.S. Stock Market Forecast – Late 2024”
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”
Four Dimension Trading 