The chart courtesy of Trading View illustrates the yields on the 30- year US Government Treasury bonds (TYX), the 10 – year US Government Treasury notes (TNX), and the 5 – year US Government Treasury Notes (FVX). Trading View illustrates the current FVX yield as 27.56, I’ve modified the chart to show the yield atContinue reading ” Bull Market in US Government Treasury Yields”
Category Archives: Price
Important Double Bottom and Top
The 04/06/22 blog “Support Reached and Breached” noted that the S&P 500 (SPX) early day bottom at 4460.00 was near two Fibonacci support points at 4463.72 at 4455.63. Later in the trading session this support was broken, and the SPX made a lower bottom at 4450.04. It appeared that this break could open the doorContinue reading “Important Double Bottom and Top”
Rally into Resistance
On 04/07/22 at mid-day the S&P 500 (SPX) declined to 4450.30 just above the 04/06/22 low at 4450.04. The SPX – 15-minute chart courtesy of Trading View illustrates the action. The subsequent rally peaked at 4521.16 almost a bulls eye hit of the Fibonacci .382 retracement of the 03/29/22 to 04/06/22 decline. The exact .382Continue reading “Rally into Resistance”
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”
Four Dimension Trading 