Price – Page 32 – Four Dimension Trading

Apple Inc. Leads the Way Up

The 04/02/22 blog “S&P 500 – Decline Update” noted that the rally of the S&P 500 (SPX) since 03/14/22 had been strong and steady, and that the 4590 and was the most likely resistance area. The 5-minute SPX chart courtesy of Trading View illustrates what happened on 04/04/22. Note that even on an intraday chartContinue reading “Apple Inc. Leads the Way Up”

Using Apple Inc. as a Confirming Indicator

Apple Inc. (AAPL) could be an important confirming indicator of the US stock market. The daily AAPL chart courtesy of Trading View reveals some interesting details. AAPL’s all-time high came on the same day 01/04/22 as the S&P 500 (SPX) all- time high. The subsequent decline was very choppy – the signature of a correctionContinue reading “Using Apple Inc. as a Confirming Indicator”

Persistent Rally Continues – Part Two

On 03/28/22 the S&P 500 (SPX) moved above the Fibonacci .618 retrace level of the January to February decline. Today 03/29/22 the SPX moved above important chart resistance. The daily SPX chart courtesy of Trading View illustrates the action. The door is open for an SPX assault on the all-time high at 4818.62.

Potential S&P 500 – Support Zones

On a daily chart the S&P 500 (SPX) move up from the 03/14/22 bottom was fast and steep. The reason is because shortly after a significant bottom has been recognized , traders are eager to establish long positions. The SPX move off of the 03/23/2020 bottom is a classic example of a move up afterContinue reading “Potential S&P 500 – Support Zones”

Trendline Break Through

Today 03/17/22 the S&P 500 (SPX) continued to move above the trendline connecting the supposed wave “two” top – 02/09/22 with the supposed wave “four” top – 03/03/22 of a presumed Elliott wave Ending Diagonal Triangle from the all-time high on 01/04/22. The daily SPX chart courtesy of Trading View illustrates the declining trendlines. TheContinue reading ” Trendline Break Through”

S&P 500 – Fibonacci Time Analysis 03-15-22

Its possible that the S&P 500 (SPX) decline from the 01/04/22 all-time high could be part of Primary wave “4” of an Elliott – five wave impulse pattern that began in March 2009. Fibonacci time analysis of the SPX presumed Primary wave “2” that occurred in 2010 offers some fascinating clues to what could happenContinue reading “S&P 500 – Fibonacci Time Analysis 03-15-22”

The Infamous Death Cross

When the 50 – day Moving Average (MA) line crosses beneath the 200 – day – MA it’s called a Death Cross – bearish signal. When the 50 – day – MA crosses above the 200 – day – MA it’s called a Golden Cross – bullish signal. Recently the Dow Jones Industrial Average andContinue reading “The Infamous Death Cross”

Support Levels Broken

The 03/05/22 blog “ Examination of US and German Stock Markets” illustrated support levels for both the S&P 500 (SPX) and the German Stock Index (DEU40). Today 03/07/22 the support levels for both indices were broken, opening the door for further downside action. The daily SPX chart courtesy of Trading View illustrates its next potentialContinue reading “Support Levels Broken”

S&P 500 – Target Top – 4920

Several recent blogs have noted that the S&P 500 (SPX) could be headed towards major Fibonacci resistance at SPX 4889. This projection was based upon the presumed SPX – Primary wave “4” termination point made in late October 2020. The January to February 2022 decline may have changed the long-term SPX – Elliott wave count.Continue reading “S&P 500 – Target Top – 4920”

German Stock Index Could be Leading the Way Down

Today 02/21/22 the main US stock indices were closed for the Presidents day holiday. The German Stock Index – DAX (DEU40) was trading. Please see the daily DEU40 chart courtesy of Trading View. Since March 2020, the DEU40 has had a similar pattern to the S&P 500 (SPX) . On 02/21/22 the DEU40 had aContinue reading “German Stock Index Could be Leading the Way Down”