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”
Category Archives: Price
Philippines Stock Exchange Update – 03/09/23
The daily Philippines Stock Exchange chart (PSEI) courtesy of Trading View updates the action. The PSEI has broken below the bottom of the presumed wave ( E ) of the multi-year Elliott wave – Horizontal Triangle at 6,537.52. This opens the door to the next support zone around 6,430 noted in the 03/04/23 blog “PhilippinesContinue reading “Philippines Stock Exchange Update – 03/09/23”
S&P 500 Breaks Support – 03/09/23
The blog “Move Up From Important Support – 03/02/23” noted the S&P 500 (SPX) rallied after it reached the area of two Fibonacci support levels and the 200 – day moving average (MA). Today 03/09/23 the SPX broke and closed the session below this important support. This break opens the door for more downside action.Continue reading “S&P 500 Breaks Support – 03/09/23”
Move Up From Important Support – 03/02/23
S&P 500 (SPX) bottoms in the area of two support zones. The daily SPX chart courtesy of BigCharts.com updates the action. The SPX made a bottom early in the 03/02/23 session. What makes this exciting is that the bottom was in the area of the SPX – 200 – day moving average (MA) and FibonacciContinue reading “Move Up From Important Support – 03/02/23”
Mixed Signals for U.S Stocks – Part – Two
The 02/25/23 blog noted that the S&P 500 (SPX) could marginally break below its 200 day moving average (MA) line, which did occur on 03/01/23. The daily SPX chart courtesy of BigCharts.com updates the action. The SPX low on 03/01/23 broke marginally below its 03/24/23 bottom and its 200 – day – MA line. However,Continue reading “Mixed Signals for U.S Stocks – Part – Two”
Natural Gas Update – 2/24/23
Natural Gas looked like it may have bottomed out on 02/17/23, subsequently the bears continued to push prices lower. After bottoming on 02/22/23 Natural Gas had its largest percentage gain since the rally in early December 2022. The daily Natural Gas chart (NG1!) courtesy of Trading View illustrates the action since November 2022. The bottomContinue reading “Natural Gas Update – 2/24/23”
Watch the Channel Lines – Part – Two
The 02/14/23 blog noted that if the Dow Jones Industrial Average (DJI) broke below channel line support at 33,581.42 it could open the door for a move down to at least 33,000. Early in the DJI 02/17/23 session there was a break below channel line support. The bears had almost an entire session to smashContinue reading “Watch the Channel Lines – Part – Two”
Natural Gas Bottoming Signals
An enormous amount of evidence indicates the Natural Gas bear market since August 2022 could be at or near completion. For six months Natural Gas has declined 75% wiping out more than a year of upside progress. Could there be more downside action? Perhaps, but an examination of evidence from all four market dimensions suggestContinue reading “Natural Gas Bottoming Signals”
Shifting Strength
From 10/13/22 to 12/13/22 the Dow Jones Industrial Average (DJI) retraced 71% of its January to October 2022 bear phase, over performing both the S&P 500 (SPX) and Nasdaq Composite (IXIC). After 12/13/22 the DJI underperform the SPX and IXIC. However, during the week of 02/06/23 to 02/10/23 the DJI exhibited subtle signs of strengthContinue reading “Shifting Strength”
Price Forecast for UK 100 – Major Top
Elliott wave analysis of the UK 100 (UKX) illustrated in the 02/04/23 blog “Rule, Britannia!” indicated that the long, intermediate and short – term UKX bull trend could soon reach a climax. Fibonacci and trendline analysis provides clues as to where a major UKX peak could occur. The monthly UKX chart courtesy of Trading ViewContinue reading ” Price Forecast for UK 100 – Major Top”
Four Dimension Trading 