The 03/13/24 blog “S&P 500 – Elliott Wave Pattern From October 2023” illustrated that the S&P 500 (SPX) may have completed a Minor wave “4” decline on 03/11/24. Subsequent action suggests Minor wave “4” could still be developing. The 30-minute SPX chart courtesy of Trading View illustrates the action since late 2023. Within five –Continue reading “Short- Term S&P 500 – Elliott Wave Count – 03/15/24”
Category Archives: Time
Nearing an Important Anniversary Date
On February 9. 1966 the Dow Jones Industrial Average (DJI) reached 1,001.11, an all-time that terminated a 24 – year secular bull market that began in April 1942. Perhaps the S&P 500 (SPX) could end a 15 – year secular bull market near 5,000 close to or on February 9, 2024. The daily DJI chartContinue reading “Nearing an Important Anniversary Date”
The Final Rally for U.S. Stocks?
The 01/25/24 blog “Basing for the Final Rally?” noted, “The DJI and SPX have the best chance of another all-time high being made on 01/26/24.” On 01/26/25 the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI) made all-time highs. This could be the final rally, and pinnacle of the U.S. stock bull market. Continue reading “The Final Rally for U.S. Stocks?”
S&P 500 – Fibonacci Time Cycles – 01/19/24
Occasionally markets and individual stocks can turn at Fibonacci time cycle points. Time cycles do not indicate a top or a bottom. Market action going into the times cycle determines the potential turn. The S&P 500 (SPX) has rallied into two potential Fibonacci time cycle. The daily SPX chart courtesy of Trading View illustrates aContinue reading “S&P 500 – Fibonacci Time Cycles – 01/19/24”
Trading at the Cusp of a New Year – 2024
The phenomenon of markets changing direction near a new year was examined in the 12/29/21 blog “Market Turns Near the Turn of a New Year” and noted. “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. AnotherContinue reading “Trading at the Cusp of a New Year – 2024”
Amazing Fibonacci Calculations – December 2023
Momentum and Fibonacci evidence indicates U.S stocks may have made at least an intermediate top. After the 12/20/23 micro crash in U.S. stocks it appeared that an intermediate peak could be in place. Incredibly all three of the main U.S. stock indices continued to rally and moved above their respective pre micro crash highs. TheContinue reading “Amazing Fibonacci Calculations – December 2023”
VIX Makes a New Low – 12/08/23.
On 12/08/23 the S&P 500 (SPX) moved above it’s 12/01/23 high and the top made on 07/27/23. Corresponding with the new SPX – 2023 high was a new low in the S&P 500 – Volatility Index (VIX). The new VIX low implies U.S. stocks could rally into early January 2024. The daily SPX chartContinue reading ” VIX Makes a New Low – 12/08/23.”
Echo From the Past
The Dow Jones Industrial Average could soon be repeating a pattern from the 1960’s. The action of the Dow Jones Industrial Average during the week of 11/27/23 to 12/01/23 was like the second stage of a rocket igniting. The daily Dow Jones Industrial Average chart courtesy of BigCharts.com (DJIA) shows what happened. After an alreadyContinue reading “Echo From the Past”
Estimating the Next U.S. Stock Market Top
Evidence from the S&P 500 (SPX) – Slow Stochastic and RSI provide clues to when an important U.S. stock market peak could occur. The daily SPX chart courtesy of BigCharts.com shows what’s happening. On 12/01/23 the Slow Stochastic had a bullish lines cross strongly implying the SPX rally could continue. The bull cross happened whenContinue reading “Estimating the Next U.S. Stock Market Top”
Time Cycle Turn – Late November 2023
The 08/03/23 blog “Stock Market Downgrades U.S. Economy” illustrated an extremely precise Fibonacci time cycle targeting an S&P 500 (SPX) turn on 07/27/23. The SPX 10/13/22 to 07/27/23 rally exactly matched the SPX 01/04/22 to 10/13/22 decline. This precision is very rare, there’s usually leeway around Fibonacci time cycle turns. There could be another FibonacciContinue reading “Time Cycle Turn – Late November 2023”
Four Dimension Trading 