Price – Page 33 – Four Dimension Trading

Swinging New Year

The open of the first trading day of 2023 had a sharp rally that threatened important resistance. The bears then repelled this advance with a sharp drop that failed to break below important support. The SPX – 15 – minute chart courtesy of Trading View illustrates the action since mid-December. A break below the risingContinue reading “Swinging New Year”

Persistent Bear Market Rallies

The U.S economy is suffering the highest inflation rates in forty years. The FOMC has been aggressively raising short -term interests rates. Is it possible for the S&P 500 (SPX) to rally above its 12/13/22 – 4,100 top? Two examples illustrate that the SPX can have persistent bear market rallies regardless of bearish factors. Continue reading ” Persistent Bear Market Rallies”

Bear Panic Point

During 2022 the U.S economy suffered the highest inflation rates in 40 – years. The prior high inflation era lasted from 1968 to 1980, it’s likely the current cycle could continue for at least several years. The FOMC has been aggressively raising short – term interest rates and are likely to continue raising rates. TheContinue reading “Bear Panic Point”

Basing for a Bigger Move Up? – 12/29/22

Extraordinary high Put/Call reading may have indicated an important bottom. Today 12/29/22 one trading day after a very high Put/Call ratio, the S&P 500 (SPX) rallied close to 2%. The hourly SPX chart courtesy of Trading View illustrates a potential base that began on 12/21/22. The SPX moved above maximum Fibonacci leeway at 3,850, notedContinue reading “Basing for a Bigger Move Up? – 12/29/22”

Resistance Reached – 12/23/22

Markets are attracted to Fibonacci resistance/support areas. This websites 12/22/22 blog noted two S&P 500 (SPX) Fibonacci retracement points. At SPX 3,841.94 and 3,843.90, this resistance was reached on 12/23/22. The SPX – 15 – minute chart courtesy of Trading View shows what happened. Exact hits of Fibonacci coordinates are rare, therefore allow for leewayContinue reading ” Resistance Reached – 12/23/22″

Support Broken – 12/22/22

Today, 12/22/22 all three main U.S stock indices broke below an important bottom made on 12/20/22. In the first half of todays trading session the bears were totally in control, smashing prices relentlessly lower. It appeared the trend could be down the entire session, with the low of the day coming near or at theContinue reading ” Support Broken – 12/22/22″

Fake Out Moves

The actions of US stocks during the week of 12/05/22 to 12/09/22 demonstrated several fake out moves. The 12/07/22 blog noted that the S&P 500 (SPX) broke important support at 3,937.64 and that the first wave down of a larger bear move may have begun. The 12/08/22 blog illustrated that the NYSE Composite (NYA) hadContinue reading “Fake Out Moves”

Examination of U.S Interest Rates – 12/09/22

On 12/14/22The FOMC will decide about U.S short – term interest rates. Its expected they will raise rates only .50% as opposed to recent increases of .75%. Whatever the decision is, evidence suggest U.S interest rates could continue to rise for several years. The daily chart courtesy of Trading View shows the yield curveContinue reading “Examination of U.S Interest Rates – 12/09/22”

Wounded Bull Market

On 12/06/22 the S&P 500 (SPX) broke below important support made on 11/29/22, wiping out all of the gains made during the powerful 11/30/22 rally. Additionally, the decline from the 12/01/22 peak at 4,100 has the look of a developing Elliott – Impulse wave. If so, this could be the first wave down of aContinue reading ” Wounded Bull Market”

Breaking Through Resistance – Part -Two

So far the S&P 500 (SPX) has been able to have two daily closes above the 200 – day moving average (MA). This was probably a factor in bringing in buying at the open of the 12/02/22 session. There’s still one potential resistance barrier to overcome – the declining trendline from the January 2022 all-timeContinue reading “Breaking Through Resistance – Part -Two”