The have been three instances in the past twenty – five years when the S&P 500 (SPX) made an important top in July and an important bottom in October. A study of these declines could provide clues to a potential SPX July to October 2023 drop. Market forecasting is similar to weather forecasting. By studyingContinue reading “Examination of July to October Stock Market Declines”
Category Archives: Time
Stock Market Downgrades U.S. Economy
The recent Fitch downgrade of U.S. debt may have surprised some people. For those following S&P 500 – stock sectors, it probably came as confirmation that the U.S economy could be weakening. The weekly S&P 500 (SPX) chart courtesy of Trading View compares it to three stock sectors. The 07/16/23 blog “S&P 500 –Continue reading “Stock Market Downgrades U.S. Economy”
The July 20th Topping Phenomenon
Occasionally significant S&P 500 (SPX) tops have occurred in July. During the past 25 – years there have been five instances of SPX important July peaks. These prior July tops provide fascinating clues to a potential SPX 2023 high. First a review of the potential time cycle turn that was due late June to earlyContinue reading “The July 20th Topping Phenomenon”
Mind Blowing Fibonacci Relationships
This websites prior blog noted that statistically 07/03/23 could be a bullish day, and because of the shortened trading day any new rally high could be marginal. Today 07/03/23 all three of the main U.S. stock indices closed the day up. None of the indices made a new post October 2022 rally high – theContinue reading “Mind Blowing Fibonacci Relationships”
Potential Fibonacci Time Ratio Turn Due – June 2023
The prior blog detailed a potential Spiral Calendar turn date for U.S. stocks in June 2023. Using a different methodology and two different U.S. stock market peaks also reveal a potential turn due in June 2023. U.S. stocks in late 2018 were in a significant decline, which appeared particularly ominous because it was occurring duringContinue reading “Potential Fibonacci Time Ratio Turn Due – June 2023”
Potential Spiral Calendar Turn Due – June 2023
Christopher Carolan’s 1992 book “The Spiral Calendar” explains how he discovered and developed a method of forecasting market turns using lunar cycles. Chapter 10 of the book is called “Future Forecasts” and illustrates how the Spiral Calendar could pinpoint market turns years or even decades into the futures. One of those forecasts – made inContinue reading “Potential Spiral Calendar Turn Due – June 2023”
Technology Stock Mania
The rally in U.S. stocks since the March 2023 bottom has been very selective. While some sectors are lagging, the Technology sector has led the way up. This sector as measured by the SPDR Select Sector Fund – Technology (XLK) has reached the area of its all-time high made in December 2021. A significant doubleContinue reading “Technology Stock Mania”
U.S. Stock Market – Sentiment and Time Dimensions
Within the last few weeks there’s been significant evidence the upward momentum of U.S. stock indices has been weakening. Going into mid-May there have been no bearish signals from the sentiment dimension. On May 18, 2023 there was a bearish sentiment signal that could be very important. First an explanation of the differences between marketContinue reading “U.S. Stock Market – Sentiment and Time Dimensions”
Potential Level to Short the S&P 500
It’s possible the S&P 500 (SPX) made an important top on 05/01/23. This blog will explain why an SPX top could be in place and one level for shorting the SPX. The three factors imply an important SPX top could be in place. Time cycles. Alternate Elliott wave count. Rule of the majority signal. TimeContinue reading “Potential Level to Short the S&P 500”
Expanding Flat Correction Complete – Part – Two
Additional evidence that an Elliott wave – Expanding Flat correction probably completed at the S&P 500 (SPX) 05/04/23 bottom. The chart illustrates a textbook Elliott wave – Expanding Flat. The pattern when correcting bull moves is composed of three – waves down, three waves up, and five waves down. The SPX – 15-minute chartContinue reading “Expanding Flat Correction Complete – Part – Two”