Category Archives: Price

Bears Push Further into Support Zone

The blog “S&P 500 Reaches Support Zone – 02-11-22” illustrated that the Trading View index SPX500 had bottomed at the upper boundary of a nine-column row on the 30- minute Point & Figure chart. The 30- minute Point & Figure chart courtesy of Trading View updates the progress of SPX500. Today 02/14/22 the SPX500 pushedContinue reading “Bears Push Further into Support Zone”

      S&P 500 Reaches Support Zone – 02-11-22

Markets  are perpetual battles between bulls and bears, each side testing support/resistance points and attempting breakthroughs. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates a recent battle. On 02/09/22 and 02/10/22 the bulls attempted a breakthrough of the peak made on 02/02/22. Both attempts failed with the second trust upContinue reading ”      S&P 500 Reaches Support Zone – 02-11-22″

Comparison of  S&P 500 –  2007 and 2022 Tops

The 01/24/22 blog “Something Different is  Happening”  noted that the S&P 500 (SPX) January 2022 decline indicated  a bear market may have begun.  The vast majority of individual US stocks are probably in a bear market.  What about the main US stock indices, could any of them still make a new all-time high? The 02/02/22Continue reading “Comparison of  S&P 500 –  2007 and 2022 Tops”

Something Different is Happening

The daily S&P 500 (SPX) chart courtesy of Trading View illustrates  the action on 01/24/22. The SPX went 4.7% below its 200 – day Moving Average (MA).  Moves of more than 2% below the 200 – day-  MA  imply something more bearish developing. At today’s low the SPX had declined 12.4% from the all-time highContinue reading “Something Different is Happening”

Two Clues That Could Confirm a Bear Market in US Stocks

The basic definition of a bull market is a series of higher tops and higher bottoms.  On 1/20/22 the S&P 500 (SPX) moved below the prior correction bottom made on 12/03/21.  This  break below important support was a significant clue that a bear market may have begun after the SPX 01/04/22 all-time high. In theContinue reading “Two Clues That Could Confirm a Bear Market in US Stocks”

Break of Important Support

Today 01/20/22 the S&P 500 (SPX) broke below the bottom made on 12/03/21, eliminating  the presumed Elliott wave – Horizontal Triangle that’s been examined in recent blogs. Something else significant happened which is  illustrated  in the daily SPX chart courtesy of Trading View. The basic definition of a bull market is a series of higherContinue reading “Break of Important Support”

S&P 500 Getting Close to Major Fibonacci Resistance

Today 12/27/21 the S&P 500 (SPX) made a new all-time  high and  is  nearing  a  major Fibonacci resistance level at 4889.  If within the next few trading days,  the broad target zone is reached,  it could  be one of the greatest short selling  opportunities in history!   The daily SPX chart courtesy of Trading ViewContinue reading “S&P 500 Getting Close to Major Fibonacci Resistance”

US Stocks Could Top in Late December 2021

Todays 12/15/21 FOMC  announcement could provide fuel for a rally and possible top in late December 2021.  The S&P 500 (SPX) – 60 – minute chart courtesy of Trading View illustrates  some short- term bullish clues. Late  in the 12/15/21 SPX trading session prices  pushed above a declining trendline connecting the tops made on 11/22/21Continue reading “US Stocks Could Top in Late December 2021”

Bearish News – Bullish Reaction

On 12/10/21 the US  Consumer Price Index (CPI) was released and recorded a 39 – year high. If high inflation continues it’s  bearish for the average  US consumer, increasing  inflation tends to be greater than increasing  earnings. Inflation by itself may  not be bearish for stocks, its what happens to yields/rates that have an effectContinue reading “Bearish News – Bullish Reaction”