For several months there’s been an inverse relationship between U.S. 30- year Treasury yields (TYX) and the S&P 500 (SPX). The relationship is in effect as of early 2024. Most in the investment community are probably focused on the FOMC interest rate decisions in regard to the direction of U.S. stocks. In 2024 it couldContinue reading “U.S. Treasury Yield and S&P 500 – Relationship”
Category Archives: Price
First Support for the S&P 500
“Volume Profile” and Fibonacci retracements estimates the first S&P 500 (SPX) support zone. “Volume Profile” analysis has volume on a vertical scale and matches the volume with price action. The largest volume cluster is called “Point of Control” (POC) which could be support/resistance for price. The daily SPX chart courtesy of Trading View illustrates theContinue reading “First Support for the S&P 500”
Amazing Fibonacci Calculations – December 2023
Momentum and Fibonacci evidence indicates U.S stocks may have made at least an intermediate top. After the 12/20/23 micro crash in U.S. stocks it appeared that an intermediate peak could be in place. Incredibly all three of the main U.S. stock indices continued to rally and moved above their respective pre micro crash highs. TheContinue reading “Amazing Fibonacci Calculations – December 2023”
S&P 500 – Upside Target for 12/22/23 – Part Two
On 12/21/23 the S&P 500 (SPX) had retraced a Fibonacci .618 of the prior days micro crash. Late trading day momentum signaled the SPX could continue to rally and possibly peak in the 4,758 to 4,762 area. Also noted that if that resistance zone was broken, the SPX could rally to just below its 12/20/23Continue reading “S&P 500 – Upside Target for 12/22/23 – Part Two”
S&P 500 Upside Target for 12/22/23
Many times, after a market trend change there’s can be a deep retracement of the new trends first movement. A simple reason why there could be deep retracements – market participants believe the prior trend is still underway. The 15-minute S&P 500 (SPX) chart courtesy of Trading View shows what happened after the sharp andContinue reading “S&P 500 Upside Target for 12/22/23”
VIX Makes a New Low – 12/08/23.
On 12/08/23 the S&P 500 (SPX) moved above it’s 12/01/23 high and the top made on 07/27/23. Corresponding with the new SPX – 2023 high was a new low in the S&P 500 – Volatility Index (VIX). The new VIX low implies U.S. stocks could rally into early January 2024. The daily SPX chartContinue reading ” VIX Makes a New Low – 12/08/23.”
Echo From the Past
The Dow Jones Industrial Average could soon be repeating a pattern from the 1960’s. The action of the Dow Jones Industrial Average during the week of 11/27/23 to 12/01/23 was like the second stage of a rocket igniting. The daily Dow Jones Industrial Average chart courtesy of BigCharts.com (DJIA) shows what happened. After an alreadyContinue reading “Echo From the Past”
Crude Oil Update – 11/20/23
The Crude Oil rally that began on 11/16/23 continued today 11/20/23. The daily Crude Oil continuous contract chart (CL2!) courtesy of Trading View shows what happened. In addition to bullish line crosses for RSI and Stochastic there was also a break above the declining trendline from 10/20/23. Traders exited 50% of a half position ofContinue reading “Crude Oil Update – 11/20/23”
Technology Stock Blow Off Top?
Most of the gains in the main U.S. stock indices since the 10/27/23 bottom can be attributed to the Technology sector. The manic move up in tech stocks could be the terminal phase of the bull market that began in October 2022. The daily chart for SPDR Select Sector Fund – Technology (XLK) courtesy ofContinue reading “Technology Stock Blow Off Top?”
Crude Oil Update – 11/17/23
On 11/16/23 Crude Oil appears to have made an intermediate degree bottom. The daily Crude Oil futures continuous contract (CL2!) courtesy of Trading View shows the progress of its decline since 09/28/23. The decline counts as a five – wave Elliott Impulse pattern. There’s a bullish MACD – Histogram divergence. RSI has moved above itsContinue reading “Crude Oil Update – 11/17/23”
Four Dimension Trading 