The U.S. stock market rally since 03/30/26 has been steep and relentless and as of 05/15/26 appears likely to continue. The daily S&P 500 (SPX) and Nasdaq Composite (IXIC) charts courtesy of Trading View examines two potentially bearish factors. Several important U.S. stock market peaks since early 2000 have occurred when only one of theContinue reading “Characteristics of a U.S. Stock Market Peak”
Category Archives: Price
The Nvidia Market
The 05/07/26 blog “The Fibonacci 1.618 – Solution” illustrated that the S&P 500 (SPX) had potential Fibonacci resistance at SPX 7,426. On 05/14/26 SPX reached 7,517, there’s always leeway around Fibonacci support/resistance levels. The high on 05/14/26 was 91 – points above the Fibonacci bullseye level – likely outside the leeway zone. The doors openContinue reading “The Nvidia Market”
Examination of the NYSE – Advance/Decline Line
A follower to this website made a very interesting comment regarding the NYSE – A/D line, stating that the NYSE Composite (NYA) peaked in February and the NYSE – A/D line made a new high on 05/06/26. This is a bullish divergence that requires further examination. The daily NYA and S&P 500 (SPX) chart courtesyContinue reading “Examination of the NYSE – Advance/Decline Line”
Struggling Higher
At 8:30AM -EDT on 05/08/26 an hour before the start of the S&P 500 (SPX) session, the monthly U.S. Employment report was released. S&P 500 futures rallied to new all-time highs. The rally lasted only five- minutes, followed by a decline that erased the entire rally. This is very unusual, normally S&P futures rallies afterContinue reading “Struggling Higher”
The Fibonacci 1.618 – Solution
The powerful S&P 500 (SPX) rally since the 03/30/26 bottom is probably still developing. A Fibonacci inverse ratio forecasted the level of the SPX January 2026 peak, could also predict an SPX peak in May 2026. The 12/27/25 blog “Rendezvous of Price and Time – December 2025” illustrated that the SPX – February to AprilContinue reading “The Fibonacci 1.618 – Solution”
Semiconductor Sell Signal – 05/04/26
For several months the PHLX – Semiconductor index (SOX) has been the leading sector of the U.S. stock market. There may have been a major sell signal on 05/04/26. The daily SOX chart courtesy of Trading View illustrates the action. On 05/04/26 – SOX made a new all-time high and ended the session below itsContinue reading ” Semiconductor Sell Signal – 05/04/26″
Blowoff Top – 05/01/26
The S&P 500 (SPX) and Nasdaq Composite (IXIC) rallies from 03/30/26 may have culminated in blowoff tops. The daily SPX chart courtesy of Trading View shows the recent action. The candlestick chart illustrates a formation called a “Shooting Star” occurring on 05/01/26 which implies a bearish reversal. This happened on a Full Moon. Sometimes NewContinue reading “Blowoff Top – 05/01/26”
New Highs and Sudden Reversal – 04/23/26
On 04/21/26 only the Nasdaq Composite (IXIC) made a new all-time high unconfirmed by the other two main U.S. stock indices, S&P 500 (SPX) and Dow Jones Industrial Average. This was illustrated in the 04/21/26 blog “Bearish Momentum Signal – 04/21/26”. The bearish signal is invalidated if two of the three main stock indices makeContinue reading “New Highs and Sudden Reversal – 04/23/26”
Transportation Average – Blow Off Top?
The Dow Jones Industrial Average (DJT) began the week of 04/20/26 to 04/24/26 above the upper weekly Bollinger band. This is typically a sign of a market index or stock nearing upside exhaustion. At the open of the 04/22/26 session DJT was still above the weekly Bollinger band. What happened soon after the opening ofContinue reading “Transportation Average – Blow Off Top?”
International Bearish Divergences
Two of the three main U.S. stock indices, S&P 500, and Nasdaq Composite have recently made all-time highs. However, other major national stock markets have failed to reach new heights. Could the bearish divergences be a warning sign of more downside action in 2026? The first daily chart courtesy of Trading View illustrates the UK100Continue reading “International Bearish Divergences”
