The S&P 500 (SPX) made a new all-time high on the date of a New Moon. An important turn could come soon. The prior blog “There’s a New Moon Rising” noted that sometimes markets could turn on a New/Full Moon plus or minus two trading days. The daily SPX chart courtesy of BigCharts.com illustrates bearishContinue reading “Into the Lunar Time Zone – 06/06/24”
Category Archives: Time
There’s a New Moon Rising
Sometimes markets makes turns on Full/New Moons plus or minus two – trading days. These turns are more likely to occur after prolonged moves up or down when mass emotions peak. On 06/05/24 the S&P 500 (SPX) and Nasdaq Composite (IXIC) made new all-time highs. On 06/06/24 there’s a New Moon. The daily SPX chartContinue reading “There’s a New Moon Rising”
S&P 500 – Update – 05/03/24
The 04/21/24 blog ”Potential S&P 500 Bottom – Early May 2024” noted a Fibonacci time cycle turn on 05/03/24. It was presumed that the S&P 500 (SPX) which began to decline in early April would continue dropping into early May. Subsequently the 04/27/24 blog noted that the size of the SPX rally since 04/19/24 madeContinue reading “S&P 500 – Update – 05/03/24”
U.S Stock Market Momentum Remains Bearish
U.S. stocks had a wild ride on 05/01/24 – U.S. FOMC interest rate announcement. By the end of the 05/01/24 session the huge rally after the FOMC press conference had been completely retraced. Daily and hourly momentum remains bearish, implying the next wave of post March 2024 bear move may have begun. The daily S&PContinue reading “U.S Stock Market Momentum Remains Bearish”
Revised S&P 500 – Fibonacci Time Cycle
The 04/21/24 blog “Potential S&P 500 Bottom – Early May 2024” illustrated the S&P 500 could make an important bottom on 05/03/24. The size of the S&P 500 (SPX) rally since 04/19/24 makes that forecasted bottom date a low probability. If the SPX resumes its decline 05/17/24 could mark a significant bottom. The daily SPXContinue reading “Revised S&P 500 – Fibonacci Time Cycle”
Potential S&P 500 Bottom – Early May 2024
Fibonacci price and time calculations indicate the S&P 500 (SPX) could make an important bottom in the first week of May 2024. The first daily SPX chart courtesy of Trading View illustrates the Fibonacci price calculations. The primary Fibonacci coordinate is a .50 retracement of the October 2022 to March 2024 bull market. The exactContinue reading “Potential S&P 500 Bottom – Early May 2024”
Seasonal Patterns of the S&P 500
What happens in April could determine the course of U.S. stocks for the remainder of 2024. Most perhaps all markets have seasonal tendencies. Sometimes the most powerful signals can occur when a market moves counter to its seasonal pattern. The monthly 2007 to 2009 – S&P 500 (SPX) chart courtesy of Trading View illustrates aContinue reading ” Seasonal Patterns of the S&P 500″
Quarter Turn – Stock Market Turn
The start of the 2024 second quarter has seen declines in the U.S. and other national stock markets. The 03/24/24 blog “Major Fibonacci Time Cycles” illustrated an S&P 500 (SPX) turn in March 2024 using Fibonacci sequence numbers. The SPX all-time high came on 03/28/24. If the March 2024 SPX high holds it could beContinue reading “Quarter Turn – Stock Market Turn”
Two Characteristics of a High Probability Winning Trade
One market currently has two factors that strongly imply at least a one-month bull run. That market is Soybeans. Most of the information about the current Soybean bullish set up comes from a recent interview with the legendary trader, author, and market analyst Larry Williams. The weekly continuous Soybean chart courtesy of Barchart.com illustrates theContinue reading “Two Characteristics of a High Probability Winning Trade”
Major Fibonacci Time Cycles
Shortly after R.N Elliott discovered the “Wave Theory” he also found that markets can occasionally have time movements measured by the Fibonacci sequence. The Fibonacci sequence is as follows ( 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, to infinity). It’s possible the S&P 500 (SPX) could have a major FibonacciContinue reading “Major Fibonacci Time Cycles”