Price – Page 25 – Four Dimension Trading

The Next S&P 500 Support Level

The S&P 500 (SPX) decline from the 04/18/23 top is choppy, possibly an Elliott wave – Double Zigzag. If so there are two Fibonacci coordinates that indicate a support level that could be reached on 04/21/22. The SPX – 30 – minute chart courtesy of Trading View shows where a bottom could be made. TheContinue reading “The Next S&P 500 Support Level”

UK 100 Near a Sell Point -04/19/23

The 04/02/23 blog “Britannia Rules the Elliott Waves” noted that if the UK 100 (UKX) exceeded a .618 retracement of the 02/16/23 to 03/20/23 decline – the next resistance was at 7,850 to 7,975. The 3-hour UKX chart courtesy of Trading View updates the action. The UKX has reached the resistance zone and a smallContinue reading “UK 100 Near a Sell Point -04/19/23”

Suspicious Decline – Part – Two

The 04/12/23 blog noted that the decline of U.S. stocks after the open of the main trading session looked suspicious. Today 04/13/23 we saw the subsequent action after a suspicious drop. The 5 – minute S&P 500 (SPX) chart courtesy of Trading View shows the decline and what happened after the bottom. There’s are twoContinue reading “Suspicious Decline – Part – Two”

Suspicious Decline -04/12/23

Today 04/12/23 was the release of the U.S. Consumer Price Index (CPI) report. It was also the prime day for a Fibonacci time cycle turn based on coordinates from the S&P 500 (SPX) 2022 decline. At 8:30 AM – EDT the U.S. CPI report was released triggering a strong rally in the S&P 500 futures. Continue reading “Suspicious Decline -04/12/23”

Stocks Could be in a Terminal Rally

On 02/02/23 the S&P 500(SPX) – 50 – day moving average (MA) crossed above its 200 – day MA, this is known as a “Golden Cross”. The SPX rallied and peaked on 02/02/23 then declined and has since stayed below its 02/02/23 high. The SPX could still climb above its 02/02/23 high, for now it’sContinue reading “Stocks Could be in a Terminal Rally”

Combining Technical and Fundamental Analysis

Traders that mainly use Technical Analysis should also devote some attention to Fundamental Analysis. Recently, bearish economic signals have increased the need to focus on Fundamental factors. First a Technical update on U.S. stocks. The 15 – minute S&P 500 chart courtesy of Trading View illustrates the Elliott wave count just prior to and afterContinue reading “Combining Technical and Fundamental Analysis”

Fed Decision Day – Part – Two

Today 03/22/23 the FOMC made their interest rate announcement. Later the S&P 500 (SPX) rallied to the low end of the price target zone illustrated in the 03/21/22 blog. After hitting the target zone the SPX dropped like a rock and ended the session at the low of the day. Focusing just on the SPX,Continue reading “Fed Decision Day – Part – Two”

Fed Decision Day

The next FOMC interest rate announcement will be made 2:00 PM -EDT – 03/22/23. The reaction to that announcement could affect the course of stocks for the next several weeks. Recently blogs on this site have noted bearish factors that hint U.S. and global stocks could be on the verge of a sharp decline. TheContinue reading “Fed Decision Day”

Could the U.S. Federal Reserve be Trapped?

On 03/22/23 the FOMC will make their next decision on interest rates. They could continue to raise rates or pause because of recent U.S. bank failures. Either decision could ultimately be bearish for U.S. stocks and the economy. Currently the U.S economy is experiencing higher than normal inflation rates caused by massive U.S. government spending. Continue reading “Could the U.S. Federal Reserve be Trapped?”

Stock Market Fuel

How much lower could U.S. stocks go before reaching an important bottom? Momentum oscillators are similar to a fuel gauge for markets, they can give you a rough estimate of where a movement could end. The weekly S&P 500 (SPX) chart courtesy of BigCharts.com illustrates the action since early 2022. Stochastic is generally a moreContinue reading ” Stock Market Fuel”