Comparing the S&P 500 – 1994 to 1996 with 2020 to 2021

The current S&P 500 (SPX) bull phase that began in March 2020 has been relentless with only tiny pull backs and only one 10% correction. The last time a similar phenomenon occurred was the SPX bull market from late 1994 to mid – 1996.   The daily SPX chart 1994 to 1996 courtesy of TradingContinue reading “Comparing the S&P 500 – 1994 to 1996 with 2020 to 2021”

Market Nexus Points – Part Two

Robert Prechter’s book “Beautiful Pictures” illustrated Fibonacci time/price relationships within the Dow Jones Industrial Average bull move from July 1932 to January 2000. Prechter also examined Fibonacci time/price  relationships from 1974 to 2000 that tied in with targets derived from the larger price structure.    The previous blog “Market Nexus Points” illustrated Fibonacci time/price relationshipsContinue reading “Market Nexus Points – Part Two”

Market Nexus Points

Robert Prechter’s  book “Beautiful Pictures” illustrated several examples in which long-term stock market structures could be divided into Fibonacci price/time sections.  One example showed that the Dow Jones Industrial Average bull move from July 1932 to January 2000 was divided into two thirty-four-year sections with the 1966 peak as the nexus point. Its possible theContinue reading “Market Nexus Points”

Stock Bulls are Running Out of Time

Today 04/14/21 two of the three main US stock indices, S&P 500 (SPX) and the Dow Jones Industrial Average (DJI)  made new all-time highs.  This is a bullish “Rule of the majority” signal. Additionally, the VIX indicator made a new low in its decline from its high made in March 2020.  These factors are atContinue reading “Stock Bulls are Running Out of Time”

Major Stock Market Top Could be in Place

Today 03/31/21 was the end of the quarter. Sometimes the end of a quarter can be a point at which a  trend changes.  If the trend has been up during the quarter, fund managers would likely want to hold profitable positions.  The best performance figures could be recorded on the final day of the quarter. Continue reading “Major Stock Market Top Could be in Place”

Potential Fibonacci Ratio Time Forecast

There are various techniques used for Fibonacci time analysis that are grouped into two categories, Fibonacci sequence, and Fibonacci ratio. The Fibonacci sequence is as follows (1,1,2,3,5,8,13,21,34,55,89,144 – – – to infinity). An example of this method can be seen  in my 08/22/20 blog “Forecast – Bull Market Termination Date -2021” The other method involvesContinue reading “Potential Fibonacci Ratio Time Forecast”