The cease fire in the Iran war triggered a stock buying panic. Elliott wave and Point & Figure analysis indicate the next potential resistance area. The daily S&P 500 chart – StockCharts.com symbol $SPX illustrates daily momentum. Both lines of Slow Stochastic have reached the overbought zone which begins at 80.00. This implies a peakContinue reading “Cease Fire Buying Panic”
Category Archives: Price
Potential Resistance at the 200 – Day Moving Average – April 2026
The 03/26/26 blog “Resistance at the 200 – Day Moving Average – March 2026” illustrated what happed when the S&P 500 (SPX) marginally moved above the 200 – Day Simple Moving Average (SMA). Subsequently the SPX continued to decline. The SPX as of 04/02/26 was about one or two trading days from the 200Continue reading “Potential Resistance at the 200 – Day Moving Average – April 2026”
Crude Oil Pushing Higher?
Two indicators suggest Crude Oil could continue to rise. The Crude Oil daily Continuous Futures chart (CL2!) courtesy of Trading View shows what happened in 2022. In March 2022 Crude Oil made a primary peak. After several weeks of sideways action the Bollinger bands contracted, at the narrowest point daily RSI moved above its movingContinue reading “Crude Oil Pushing Higher?”
Additional S&P 500 – Support Zones – Part Two
A main aspect of the Strat method is that a break of the high/low of the prior bar could target the high /low of the next prior bar. The quarterly – three-month S&P 500 (SPX) chart courtesy of Trading View illustrates a potential major break point. The next quarterly bar bottom is at 6,177.97, aContinue reading “Additional S&P 500 – Support Zones – Part Two”
Additional S&P 500 – Support Zones
All markets go through a cycle of growth and rest. Unending growth is not possible, at some point there’s needs to be rest, in terms of a stock market the “rest’ is a decline. Sometimes events outside the domain of normal economic activity could increase the depth of a stock market decline. The Covid crisisContinue reading “Additional S&P 500 – Support Zones”
Resistance at the 200 – Day Moving Average – March 2026
The 03/07/26 blog “S&P 500 – Support Zone – March 2026” noted “If the SPX trends down, there’s a good chance a bottom could be made in the 6,550 to 6,470 area”. The 03/21/26 blog “S&P 500 – Support Zone Reached – 03/20/26” noted “On 03/20/26 the S&P 500 (SPX) bottomed out at 6,473.52”. TheContinue reading “Resistance at the 200 – Day Moving Average – March 2026”
The Case for Higher U.S. Interest Rates – March 2026
The 03/14/26 blog “Update U.S. 30 – Year Treasury Yield – Elliott Wave Count – 03/13/26” illustrated that the U.S. 30 – Year Treasury Yield (TYX) had probably completed a multi- year Elliott wave – Horizontal Triangle. The weekly TYX chart courtesy of Trading View updates the action. During the week of 03/16/26 to 03/20/26Continue reading “The Case for Higher U.S. Interest Rates – March 2026”
S&P 500 – Support Zone Reached – 03/20/26
The prior blog “Near the S&P 500 – 200 – Day Moving Average” noted, “Using the SPX – 200 – day SMA with daily RSI and potential Fibonacci support could identify at least a short- term bottom sometime in the next two weeks”. The support zone was 6,550 to 6,470. On 03/20/26 the S&P 500Continue reading “S&P 500 – Support Zone Reached – 03/20/26”
Near the S&P 500 – 200 – Day Moving Average
In the next one or two trading days the S&P 500 (SPX) could touch or break the 200 – day Simple Moving Average (SMA) line. The daily SPX chart courtesy of Trading View illustrates the action since November 2024. Please note that the last time the SPX was approaching the 200 – day SMA wasContinue reading “Near the S&P 500 – 200 – Day Moving Average”
Long-Term View of Crude Oil – March 2026
Last week Crude Oil spiked up over 30%. Long-term analysis puts this move in perspective. The monthly continuous futures chart – Trading View symbol “CL2!” illustrates the action back to 2006. During early 2022 price went 25% above the upper Bollinger Band. Currently Crude Oil is only 9% above the upper Bollinger Band. In 2008Continue reading ” Long-Term View of Crude Oil – March 2026″
Four Dimension Trading 