Category Archives: Time

Crude Oil Trading Range

Since March 2022 Crude Oil has been in a trading range between 126.00 and 92.00. Momentum signals and seasonal patterns suggest a new uptrend may have begun. The daily Crude Oil chart – (CL2!) – continuous next futures contract in front – courtesy of Trading  View illustrates  the trading range. First note the double bottomContinue reading “Crude Oil Trading Range”

  Dow Jones Industrial Average  Long – Term Time Forecast

Since the Dow Jones Industrial Average (DJI) major peak in January 2000  the two subsequent bear and bull markets  have had Fibonacci time ratio  relationships.  Assuming the January 2022 DJI top holds, these Fibonacci ratio relationships  could  project when the current bear market ends. The Fibonacci sequence is as  follows (1, 1, 2, 3, 5,Continue reading ”  Dow Jones Industrial Average  Long – Term Time Forecast”

  Forecast for a Short – Term Bottom

On 06/10/22 the S&P 500 (SPX) – daily MACD had a bearish lines cross over below the zero line. This is a rare event, the last time it  happened was on 12/17/18, that occurrence could help to discover a short-term bottom for the current SPX  decline. The daily SPX chart courtesy of Trading View illustratesContinue reading ”  Forecast for a Short – Term Bottom”

Fibonacci Price and Time Connections

It’s possible that the S&P 500 (SPX) decline since the start of 2022 is  the fourth Primary degree wave of a  five – wave Elliott  impulse pattern that began in March 2009.  This theory was examined in the 02/27/22 blog “S&P 500 Long – Term Elliott Wave Count – 02-25-22”.   The SPX April to JuneContinue reading “Fibonacci Price and Time Connections”

Possible Lunar Phase Signal

The 04/13/22 blog “Short – Term Bottom Forecast” illustrated a potential Fibonacci time cycle turn due late in the S&P 500 (SPX) 04/14/22  trading session.  Fibonacci time cycles  forecast  market turns, not tops or bottoms.  Market action going into the time cycle determines tops or bottoms.  The SPX was declining into the 04/14/22 Fibonacci timeContinue reading “Possible Lunar Phase Signal”

Short – Term Bottom Forecast

The 04/12/22 blog “S&P 500 Decline is Losing Momentum” noted that the S&P 500 (SPX) may have completed an Elliott wave – Double Zigzag  correction at the 04/12/22 bottom. The first 30-minute SPX chart courtesy of Trading View illustrates  a completed Double Zigzag at the 04/12/22 bottom. On 04/13/22 the SPX rallied the entire day;Continue reading “Short – Term Bottom Forecast”

  Choppy Rallies and Choppy Declines

Since the S&P 500 (SPX) decline bottom made on 01/24/22 the moves up have been choppy, and the moves down have been choppy. An Elliott wave – Horizontal Triangle could be forming.  This structure was examined the 01/14/22 blog “Important Cycle Point – 01-14-22” and in  the 01/19/22 blog “Horizontal Triangle Update – 01-19-22.” HorizontalContinue reading ”  Choppy Rallies and Choppy Declines”

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”