Category Archives: Price

Russell 2000 – Leading the Way Down

The Russell 2000 (RUT) small cap stock index has declined 5.5%  since its 03/28/24 peak. From its 03/21/24 top  the Dow Jones Industrial Average has fallen close to 4%. The Nasdaq Composite from 03/21/24 to 04/10/24 is down 2.3%. The S&P 500 from its 03/28/24 top has declined 2.4%. The daily RUT chart courtesy ofContinue reading “Russell 2000 – Leading the Way Down”

  Short-Term S&P 500 – Downside Projection

Intraday S&P 500 (SPX) Elliott wave  patterns and Fibonacci analysis imply more downside action. The 5 – minute SPX chart courtesy of Trading View illustrates what’s happened since its all-time high. The decline from the SPX 03/28/24 peak appears to be a series of “one’s” and “two’s”.   In down trending markets this is one ofContinue reading ”  Short-Term S&P 500 – Downside Projection”

Quarter Turn – Stock Market Turn

The start of the 2024 second quarter has seen declines in the U.S. and other national stock markets.  The 03/24/24 blog “Major Fibonacci Time Cycles” illustrated an S&P 500 (SPX)   turn in  March 2024 using Fibonacci sequence numbers.   The SPX all-time high came on 03/28/24.  If the March 2024 SPX high holds it could beContinue reading “Quarter Turn – Stock Market Turn”

Two Characteristics of a High Probability Winning Trade

One market currently has two factors that strongly imply at least a one-month bull run.  That market is Soybeans.  Most of the information about the current Soybean bullish set up comes from a recent interview with the legendary trader, author, and market analyst Larry Williams. The weekly continuous Soybean chart courtesy of Barchart.com illustrates theContinue reading “Two Characteristics of a High Probability Winning Trade”

S&P 500 Reaches Resistance Zone- 03/21/24

The post U.S. – FOMC rally has brought the S&P 500 (SPX) to a potentially very important resistance zone. The daily SPX chart courtesy of BigCharts.com shows the big picture. Today the SPX came close to hitting the rising trendline connecting the peaks of Minor waves “1” and “3” of the rally from the 10/27/23Continue reading “S&P 500 Reaches Resistance Zone- 03/21/24”

Thrusting Towards Resistance

 In two or three trading days the S&P 500 (SPX) could  reach important resistance. This websites 03/18/24 blog noted. “It’s possible the presumed Horizontal Triangle could be complete at the 03/18/24 low.  More likely the SPX could trend down until sometime before the U.S. FOMC announcement due 2:00 PM – EDT on 03/20/24.” Also illustratedContinue reading “Thrusting Towards Resistance”

Short- Term S&P 500 – Elliott Wave Count – 03/15/24

The 03/13/24 blog “S&P 500 – Elliott Wave Pattern From October 2023”  illustrated that the S&P 500 (SPX) may have completed a Minor wave “4” decline on 03/11/24.   Subsequent action suggests Minor wave “4” could still be developing. The 30-minute SPX chart courtesy of Trading View illustrates the action since late 2023. Within five –Continue reading “Short- Term S&P 500 – Elliott Wave Count – 03/15/24”

Nvidia Corporation and S&P 500 Connection

Since late October 2023 both Nvidia Corporation (NVDA) and the S&P 500 (SPX) have traded closely together.  Their relationship could provide evidence for a major U.S. stock market top. The daily NVDA and SPX chart courtesy of Trading View illustrates their relationship. Since late October 2023 NVDA and SPX have made turns within about tradingContinue reading “Nvidia Corporation and S&P 500 Connection”

Stock Buying Mania Continues – 03/07/24.

Short-term bullish signals imply U.S. stocks could continue to rise. The daily S&P 500 (SPX) chart courtesy of BigCharts.com updates the action. Today  the SPX went above its 03/04/24 high.  This move changes the Elliott wave count showing five waves up from 0/27/23 to 03/04/24.   There are now several alternate wave counts, further price actionContinue reading “Stock Buying Mania Continues – 03/07/24.”