Price – Page 31 – Four Dimension Trading

Stocks Nearing an Important Top? – 08/12/22

Stocks in the second half of August can sometimes form important tops. Two prominent examples are the peaks US stocks made in August 1929 and August 1987. The subsequent declines were rapid and deep. Evidence is mounting that an important stock market top could be forming in August 2022. The weekly S&P 500 (SPX) chartContinue reading “Stocks Nearing an Important Top? – 08/12/22“

The Interest Rate Bull Market

The longer-term trends for interest rates can continue for decades. Powerful evidence indicates that a nearly 40 – year bear market for US interest rates ended in 2020. The shortest-term US government debt instruments are 90- day/13- week Treasury bills. The monthly chart of 13- week Treasury rates (IRX) courtesy of Trading View shows itsContinue reading “The Interest Rate Bull Market”

Historic Stock Market Tops

Almost all markets have seasonal tendencies, for stocks September to October are usually bearish. A review of important stock market tops reveals what can occasionally happen during the September to October time frame. The daily Dow Jones Industrial Average (DJI) chart courtesy of Trading View illustrates the infamous 1929 stock market crash. The first tradingContinue reading ” Historic Stock Market Tops”

Possible Short-Term Top – 08/03/22

Today 08/03/22 the S&P 500 (SPX) had a high of 4167.66 just below a double top made on 06/02/22 and 06/06/22. The hourly SPX chart courtesy of Trading View illustrates the action. Both the hourly RSI and MACD have bearish divergences. Its possible a short-term top could be in place at the 08/03/22 high ofContinue reading “Possible Short-Term Top – 08/03/22”

Crude Oil Trading Range

Since March 2022 Crude Oil has been in a trading range between 126.00 and 92.00. Momentum signals and seasonal patterns suggest a new uptrend may have begun. The daily Crude Oil chart – (CL2!) – continuous next futures contract in front – courtesy of Trading View illustrates the trading range. First note the double bottomContinue reading “Crude Oil Trading Range”

Important S&P 500 – Support Levels

At the 06/17/22 bottom the S&P 500 (SPX) had declined 24%, this is second largest percentage decline since the 2007 to 2009 bear market. The largest percentage drop was the February to March 2020 crash of 35%. The 06/18/22 blog “Dow Jones Industrial Average Long – Term Time Forecast” implied that the early January 2022Continue reading “Important S&P 500 – Support Levels”

The Next S&P 500 – Support Level

Today 06/14/22 the S&P 500 (SPX) moved marginally below the declining daily trendline support and chart support from bottoms made in March 2021. Because the move below support was minor it could be break out fake out. On 06/15/22 the FOMC interest decision could trigger a more decisive move. If the move is down PointContinue reading “The Next S&P 500 – Support Level”

Watch the S&P 500 – Trendline – Part Two

The 06/11/22 blog “Watch the S&P 500 – Trendline” concluded with the following. “The bears are in control – important points to watch are – support zone near 3880, the 05/20/22 bottom at 3810.32, and the declining daily trendline.” The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. Today 06/13/22 theContinue reading “Watch the S&P 500 – Trendline – Part Two”

The Bulls Hold Their Ground

Today 06/07/22 the S&P 500 (SPX) opened down sharply from the prior session and looked like it would break below important support. The 30 – minute SPX chart courtesy of Trading View illustrates the action. The support held, and for most of the session the SPX trended higher. The late session break above the decliningContinue reading “The Bulls Hold Their Ground”

UK 100 Could Soon Make an All-Time High

As of 05/27/22 the US stock market represented by the S&P 500 (SPX) was 13.70% below its all-time high made on 01/04/22. On 05/27/22 the UK 100 (UKX) was 4.27% below its all-time high made on 05/22/18 and only 1.58% below its 2022 high made on 02/10/22. The 05/15/22 blog “Bullish Stock Signals From EuropeContinue reading “UK 100 Could Soon Make an All-Time High”