Category Archives: Price

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”

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”

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”

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”

The combined  Point & Figure cluster and Fibonacci support  noted in the prior blog  has held.  The S&P 500 (SPX) 15 – minute chart courtesy of Trading View illustrates  the move up. The rally on 11/29/21 retraced  a  little more  than 50% of the decline from 11/22/21 to 11/26/21.  The  rally  could be an ElliottContinue reading “Stock Support Holds”

On 11/26/21 the report of a new Coronavirus variant triggered a global stock market selloff.  The UK – 100 Index (UKX) was down 3.64%. The German Stock Index (DEU) was down 4.15%. The Hang Seng Index down 2.67% and the Nikkei 225 Index (NI225) was down 2.53%. The US stock market as measured by theContinue reading “S&P 500 Reaches Important Support Level – 11-26-21”

Money goes to where its  treated  best.  In  the US since early 2020 with extremely low interest rates/yields on US Treasury bonds/notes,  the stock market has  offered the best place for investment capital.   Stocks could soon have competition in the form of rising  interest rates.  At some point stock fund managers could be motivated toContinue reading “Rising Short-Term Interest Rates”

The 10/22/21 blog “Hourly Bearish Divergences” noted that the S&P 500 (SPX) could be forming an Elliott wave – Running Horizontal Triangle, in  this structure wave “B” marginally exceeds  the Horizonal Triangle point of origin.  In this case the SPX 09/02/21 peak. The most common Fibonacci relationship between waves “B” and “A” of a RunningContinue reading “S & P 500 at Short-Term Resistance”

Today 10/27/21 was the first significant down day for the S&P 500 (SPX) since the rally began on 10/13/21. Assuming the rally is complete the combination of Point & Figure charting and Fibonacci retracement analysis is an effective method to discover potential support levels. Point & Figure charts consist of columns of X’s and O’sContinue reading “How to Find Support Levels Using Fibonacci Analysis with Point & Figure Charts”