Gold could make a bottom very late in 2024 or early 2025. The daily Gold Continuous Futures (GC1!) courtesy of Trading View illustrates its action since March 2024. On 10/31/24 Gold Futures peaked at 2,801.20, the subsequent 10 – trading day decline was a five – wave Elliott Impulse pattern. If so, this couldContinue reading “Gold Downside Forecast – December 2024”
Category Archives: Time
Bitcoin 100,000!
On 11/22/24 Bitcoin (BTCUSD) reached 99,860 close to a major round number 100,000. Could this number represent significant resistance? An examination of BTCUSD history reveals some fascinating data. The monthly BTCUSD chart courtesy of Trading View shows the long-term view since its inception in December 2014. Each of the three important BTCUSD peaks came closeContinue reading “Bitcoin 100,000!”
Fascinating Fibonacci Time Relationships
A series of Fibonacci time relationship spanning 34 – years imply the S&P 500 (SPX) may have made an important top on October 11, 2024. The Fibonacci sequence is as follows, (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, – – to infinity). The prior blog “October Eleventh Connection” noted aContinue reading “Fascinating Fibonacci Time Relationships”
October Eleventh Connection
On 10/11/90 the S&P 500 (SPX) ended a three-month 21% decline. Seventeen – years later on 10/11/07 the SPX completed a five-year bull market. Seventeen years after the 2007 peak and a Fibonacci thirty – four years after the 1990 bottom the SPX may complete a two-year bull market. The monthly SPX chart courtesy ofContinue reading “October Eleventh Connection”
Buy the Rumor Buy the News
After the 09/18/24 U.S – FOMC announcement U.S stocks rallied then reversed and the three main U.S stock indices ended the session near the lows of the day. It looked like a classic example of “buy the rumor sell the news”. On 09/19/24 U.S. stock bulls other plans. The Dow Jones Industrial Average (DJI) chartContinue reading “Buy the Rumor Buy the News”
Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024
The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”
Prime Time for U.S. Stock Bears
Seasonally U.S. stocks can decline from May until October. Sometimes during persistent bull trends U.S. stocks could peak in late August or early September. Examples of this phenomenon occurred in September 1929, August 1987 and September 2000. A recent bearish momentum divergence could be signaling a sharp August to October 2024 stock decline. The dailyContinue reading ” Prime Time for U.S. Stock Bears”
Approaching Price and Time Zones – 08/16/24
On 08/16/24 the S&P 500 (SPX) came within 4.19 points of completing a presumed Inverse Expanding Flat correction. This pattern could be complete in the next three trading days. The one – hour SPX chart courtesy of Trading View updates the action from the all-time high made on 07/16/24. The 08/15/24 blog “S&P 500 –Continue reading “Approaching Price and Time Zones – 08/16/24”
Super Bearish Message from Gold and Silver
The 07/21/214 blog “Bearish Message from Gold and Silver” noted considerable evidence that both precious metals could soon begin a multi-week decline. Since then, Gold (XAUUSD) has exceeded its mid – July 2024 peak, while Silver (XAGUSD) continues to lag on the upside. A severe downward shift for both metals could be imminent. The weeklyContinue reading “Super Bearish Message from Gold and Silver”
U.S. Stock Market Forecast – Late 2024
Long – term S&P 500 (SPX) price patterns could provide clues to the direction of U.S. stocks in the second half of 2024. The 07/20/24 blog “Examination of S&P 500 – July Tops” looked at seven examples of what happened with the SPX after significant July peaks. Two of the examples, post July 2011 andContinue reading “U.S. Stock Market Forecast – Late 2024”
Four Dimension Trading 