Category Archives: Price

Potentially Very Bearish Elliott Wave Count – 05/23/25

A very sharp S&P 500 (SPX) decline could occur during the week of 05/27/25 to 05/30/25. The SPX 30 – minute chart courtesy of Trading View zooms in on the intraday Elliott wave count. It’s possible that the SPX move down from the 05/19/25 peak is an Elliott wave series of “one’s” and “two’s” down. Continue reading “Potentially Very Bearish Elliott Wave Count – 05/23/25”

S&P 500 – 200 – Day Simple Moving Average Update – 05/23/25

On 05/23/25 the S&P 500 (SPX) hit and closed the trading session just above its 200 – day Simple Moving Average (SMA).  What the SPX does during the week of 05/27/25 to 05/30/25 could determine its course into at least mid – July 2025. The daily SPX chart courtesy of Trading View illustrates what’s happened.Continue reading “S&P 500 – 200 – Day Simple Moving Average Update – 05/23/25”

Daily Sell Signals for the S&P 500 – 05/21/25

Daily S&P 500 (SPX) Stochastic has a bearish line cross.   Daily RSI has crossed below its moving average line.  The daily SPX chart courtesy of Trading View updates the action. If the SPX decisively moves below its 200 – day Simple Moving Average (SMA) and stays below the line, it could be very bearish. HowContinue reading “Daily Sell Signals for the S&P 500 – 05/21/25”

Trendline Breakthrough – 05/12/25

On 05/12/25 the S&P 500 (SPX) broke above the trendline, connecting the 04/09/25 and 05/02/25 peaks.  The SPX also move above the 03/25/25 peak and the 200 – Simple Moving Average (SMA). The only significant factor that could be bearish is that the move up to new post 04/07/25 rally highs occurred on a FullContinue reading “Trendline Breakthrough – 05/12/25”

Follow the Trendlines

Trendline analysis could identify the next significant S&P 500 (SPX) turn. The two – hour SPX chart courtesy of Trading View updates the action. Since 04/09/25 the SPX has been trading within a rising wedge which is typically bearish.  The upper trendline intersects with the 03/25/25 peak on 05/12/25.   Note that the two – hourContinue reading “Follow the Trendlines”

S&P 500 – Pushes Higher – 05/08/25

The prior blog “S&P 500 Rallies into the Heart of Resistance – 05/01/25” noted. “The 04/27/25 blog “Short-Term Outlook for U.S. Stocks – 04/25/25” illustrated that during the 2022 bear market SPX stocks above the 20 – day moving average during the March and August bear market rallies had readings above 90.   The reading onContinue reading “S&P 500 – Pushes Higher – 05/08/25”

S&P 500 Rallies into the Heart of Resistance – 05/01/25

On 05/01/25 the S&P 500 (SPX) rallied into a major resistance zone and then turned down.  An important peak for U.S. stocks could be in place. The daily SPX chart courtesy of BigCharts.com updates the action. This website prior blog illustrated SPX – Volume Profile and Fibonacci analysis illustrated that there was Volume Profile andContinue reading “S&P 500 Rallies into the Heart of Resistance – 05/01/25”

Rally into the Heart of Resistance?

The prior blog “Short-Term Outlook for U.S. Stocks – 04/25/25” noted “U.S. stocks could continue to rally into the week of 04/28/25 to 05/02/25”. An important peak for U.S. stocks could be made on 05/01/25.  The hourly S&P 500 (SPX) chart courtesy of Trading View updates the action. The Volume Profile method places volume onContinue reading “Rally into the Heart of Resistance?”

Short-Term Outlook for U.S. Stocks – 04/25/25

U.S. stocks could continue to rally into the week of 04/28/25 to 05/02/25. The daily S&P 500 (SPX) chart courtesy of BigCharts.com illustrates the recent action. As of 04/25/25 only the upper line of the Slow Stochastic has reached the overbought zone which begins at 80.00.  The lower line is at about 70.00.   The readingContinue reading “Short-Term Outlook for U.S. Stocks – 04/25/25”