An important top for U.S. stocks could be made next week. The daily S&P 500 (SPX) chart courtesy of Trading View updates the action. The SPX may soon complete an Elliott wave – Inverse Horizontal Triangle that began on 06/22/23. It appears the final part of that structure – Minor wave “E” could terminate onContinue reading “Rally End Game for Stocks? – 04/06/23”
Category Archives: Time
Possible Important U.S. Stock Market Top – April 2023
Fibonacci time analysis and the next U.S. Consumer Price Index (CPI) report give clues to when an important stock peak could occur. Sometimes Fibonacci time ratios can project a potential market time zone turns. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates what could be an important turn in 2023. The SPXContinue reading “Possible Important U.S. Stock Market Top – April 2023”
Could Crude Oil be Signaling Economic Weakness?
During the week of 03/13/23 to 03/17/23 Crude Oil made a new bear market low. This move implies additional weakness for Crude Oil. It could also be a bearish signal for the economy and stocks. Crude Oil is the essential commodity for the global economy. Generally rising Oil prices correspond with a growing economy. FallingContinue reading “Could Crude Oil be Signaling Economic Weakness?”
Natural Gas Bottoming Signals
An enormous amount of evidence indicates the Natural Gas bear market since August 2022 could be at or near completion. For six months Natural Gas has declined 75% wiping out more than a year of upside progress. Could there be more downside action? Perhaps, but an examination of evidence from all four market dimensions suggestContinue reading “Natural Gas Bottoming Signals”
Time Forecast for US Stock Market Top
Fibonacci Time analysis could be the key to discovering an important stock market peak. Market movements can sometimes be measured by using Fibonacci ratio analysis for either price or time. For example, a market could have a decline lasting 70 – trading days followed by a rally of 43 – trading days. This would beContinue reading “Time Forecast for US Stock Market Top”
The Most Bullish Month for Stocks – November
Sometimes successful investing/trading can be enhanced by simply looking at the calendar. Almost all markets have seasonal patterns, and for stocks, November has been the most bullish month. Does most bullish mean huge moves up in November? Not necessarily, while there are several instances of large November gains, sometimes the gains are small. As measuredContinue reading “The Most Bullish Month for Stocks – November“
Fascinating Fibonacci Price and Time Relationships – 10/14/22
The S&P 500 (SPX) action into the 10/13/14 bottom reveals clues that the decline from the 08/16/22 peak could be part of a larger developing Elliott wave pattern. The daily SPX chart courtesy of Trading View illustrates Fibonacci price and time relationships. The SPX rally from 06/17/22 to the peak on 08/16/22 took 40 –Continue reading “Fascinating Fibonacci Price and Time Relationships – 10/14/22“
Elliott Wave – Alternate Bearish Interpretation –09/23/22
The 07/21/22 blog “S&P 500 – Elliott Wave Count – 07/21/22” noted that the 2022 US stock market decline was taking a complex pattern similar to the 2000 to 2002 bear market. The January to June 2022 S&P 500 (SPX) drop was a complex and choppy pattern. The Elliott wave guideline for alternation among wavesContinue reading “Elliott Wave – Alternate Bearish Interpretation –09/23/22“
Bullish Break Out – 07/20/22
Today 07/20/22, the S&P 500 (SPX) broke above resistance created by a double top made on 06/10/22 at 3943.17 and 06/28/22 at 3945.86. The SPX high on 07/20/22 was 3974.13 and 30.96 points above the 06/28/22 peak. When the SPX broke above the 06/10/22 top on 06/28/22 it was only able to exceed the priorContinue reading “Bullish Break Out – 07/20/22”
A Full Moon and Trendlines
Occasionally markets can turn on or near Full or New Moons. For stocks Full Moons tend to signal bottoms, New Moons tend to signal tops. There’s a Full Moon on 07/13/22. The daily S&P 500 (SPX) chart courtesy of Trading View illustrates New and Full Moons since late 2021. Using the parameters of plus orContinue reading “A Full Moon and Trendlines”