Category Archives: Time

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”

U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.

Long- and short-term Fibonacci time and price relationships imply an important U.S. 30 – Year Treasury Yield (TYX) bottom could be made late August/early September 2024. The weekly TYX chart courtesy of Trading View examines the long-term picture.                                                   One of the main aspects of Elliott wave analysis is that corrections of movements are usuallyContinue reading “U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.”

Could August be an Awful Month for Stock Bulls?

Sometimes a market trend can change in as little as a 30 – minute bar.  Longer – term changes can come on the cusp of a new year, or perhaps a new month. U.S. stocks started August 2024 with a vicious downturn. The daily S&P 500 (SPX) chart courtesy of BigCharts.com  shows the action sinceContinue reading “Could August be an Awful Month for Stock Bulls?”

  Examination of S&P 500 – July Tops

Since 1998 there have been seven significant S&P 500 (SPX) tops.  What happened after these peaks could be a guide for the near future. Each of the seven peaks subsequently had declines greater than 7%. They are as follows: 1998 –  07/20/98 to 10/08/98 – decline 22.50%. 1999 – 07/19/99 to 10/18/99 – decline 13.40%.Continue reading ”  Examination of S&P 500 – July Tops”

 Nvidia and the Strawberry Moon

On 06/20/24 both Nvidia Corporation (NVDA) and the Nasdaq Composite had Key Reversal days. A key reversal does not occur very often but is very reliable when it does. After an up-trend: The Open must be above yesterday’s Close, The day must make a new High, and The Close must be below yesterday’s Low. TheContinue reading ” Nvidia and the Strawberry Moon”

Long – Term S&P 500 – Fibonacci Price and Time Relationships -06/07/24

The 05/16/24 blog “Updated S&P 500 – Elliott Wave Count – 05/16/24”  illustrated that the S&P 500 (SPX) could be forming an Elliott wave – Expanding Flat correction from the January 2022 peak.  This is still the most likely wave count; however, the peak of the presumed Primary wave [B] has exceeded its main targetContinue reading “Long – Term S&P 500 – Fibonacci Price and Time Relationships -06/07/24”

Into the Lunar Time Zone – Part Two – 06/07/24

The S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs on the 06/06/24 New Moon.   On 06/07/24 only the SPX made a new all-time high – a bearish “Rule of the Majority” signal.  A U.S. stock bear market continuing until at least early 2025 may have begun. A “Rule of the Majority” signalContinue reading “Into the Lunar Time Zone – Part Two – 06/07/24”