Examination of the Dow Jones Industrial Average Top in January 1973

On  01/04/22 the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI) made new all-time highs.  This  move invalidated a  long-term Fibonacci time cycle that targeted an important DJI turn sometime in the year 2021.  This  time cycle was first illustrated in the 08/22/20 blog “Forecast- Bull Market Termination Date – 2021”.  This  timeContinue reading “Examination of the Dow Jones Industrial Average Top in January 1973”

    Market Turns Near the Turn of a New Year

Occasionally markets  could have a turn near a new year.  The most logical reason for this phenomenon is  to defer taxes on profits into the next year.  Another factor could be if  a market is approaching a support/resistance level just before or after a new year. Some examples of turns at  the cusp of aContinue reading ”    Market Turns Near the Turn of a New Year”

US Stocks Could Top in Late December 2021

Todays 12/15/21 FOMC  announcement could provide fuel for a rally and possible top in late December 2021.  The S&P 500 (SPX) – 60 – minute chart courtesy of Trading View illustrates  some short- term bullish clues. Late  in the 12/15/21 SPX trading session prices  pushed above a declining trendline connecting the tops made on 11/22/21Continue reading “US Stocks Could Top in Late December 2021”

Slow Move Down – Fast Move Up

Common characteristics  of corrective patterns is choppiness and slowness. The recent S&P 500 (SPX) 11/22/21 to 12/03/21 decline  took approximately 58 – trading  hours. The move up from the 12/03/21 bottom has retraced  almost 80% of the  decline  in approximately  8 – hours.   The daily SPX chart courtesy of Trading View  illustrates  the  recentContinue reading “Slow Move Down – Fast Move Up”

  Examination of US Stock Market  November Seasonal Patterns

This blog is the first in a series examining the November seasonal patterns of the US stock market.  November is the most bullish month for US stocks, it has the greatest percentage of closing the month higher than the open than any other month. The action of the S&P 500 (SPX) in November 2020 isContinue reading ”  Examination of US Stock Market  November Seasonal Patterns”

Possible US Stock Market Top – December 2021

The 08/22/20 blog “Forecast – Bull Market Termination Date – 2021” illustrated a fascinating web of Fibonacci time relationships connecting major Dow Jones Industrial Average tops/bottoms going back eighty-nine years.  These time relationships pointed to a potential turn in 2021. This type of time forecasts does not predict a top or a bottom, only aContinue reading “Possible US Stock Market Top – December 2021”

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”