The prior blog “Prelude to New Highs? – July 2026” illustrated that the S&P 500 (SPX) since 06/02/26 may have formed an Elliott wave – Horizontal Triangle. As of 07/09/26 SPX was at the edge of a declining trendline from the 06/15/26 peak. The break above this trendline on 07/10/26 should have triggered a powerfulContinue reading “Weak Trendline Breakthrough – 07/10/26”
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Prelude to New Highs? – July 2026
The S&P 500 (SPX) could be close to making new all-time highs. Since the 06/02/26 peak SPX has meander sideways. The 3 – hour SPX chart courtesy of Trading View illustrates the most likely Elliott wave count. SPX since its all-time high on 06/02/26 appears to have formed an Elliott wave – Horizontal Triangle. TheseContinue reading “Prelude to New Highs? – July 2026”
Elements of a Stock Market Mania
An examination of two stocks participating in the AI and technology mania reveals fascinating data. The first is Micron Technology Inc. (MU) which was last illustrated in the 05/30/26 blog “Micron Technology Inc. Upside Target”. The weekly MU chart courtesy of Trading View updates the action. There are always alternate Elliott wave counts. The 05/30/26Continue reading “Elements of a Stock Market Mania”
The First Tracks of a Looming Bear Market?
S&P 500 (SPX) Elliott wave count since 06/02/26 could be the beginning of a bear market. The SPX – 30 – minute chart courtesy of Trading View updates the chart illustrated in the 06/11/26 blog “S&P 500 – Short Term Elliott Wave Count – 06/11/26” The presumed five waves down from 06/02/26 to 06/09/26 couldContinue reading “The First Tracks of a Looming Bear Market?”
S&P 500 – Short Term Elliott Wave Count – 06/11/26
An important short-term S&P 500 (SPX) peak could be made on 06/12/26 The SPX -30 – minute chart courtesy of Trading View illustrates the intraday action. The SPX 06/02/26 to 06/09/26 decline took the form of an Elliott Impulse pattern. If so, this could be the first wave of a larger five – wave patternContinue reading “S&P 500 – Short Term Elliott Wave Count – 06/11/26”
Potentially Important Peak – June 2026
Several factors imply U.S. stocks may have made an important top. The 30 – minute S&P 500 (SPX) chart courtesy of Trading View illustrates the intraday action since late March 2026. The 05/31/26 blog “S&P 500 – Upside Target – June 2026” illustrated potential Fibonacci resistance at 7,626.44, the high on 06/02/26 was 7,620.90. Continue reading ” Potentially Important Peak – June 2026″
S&P 500 – Upside Target – June 2026
On 05/29/26 all three main U.S. stock indices; S&P 500, Dow Jones Industrial Average, and Nasdaq Composite made new all-time highs. Most major U.S. stock market peaks occur with only one of the three main U.S. stock indices making a new all-time high. Elliott wave analysis reveals where one of the three main indices couldContinue reading “S&P 500 – Upside Target – June 2026”
Micron Technology Inc. Upside Target
Since 04/07/25- Micron Technology Inc. (MU) has been in an extended Elliott impulse wave. The pattern is nearly complete. The weekly MU chart courtesy of Trading View illustrates its rally since April 2025. When using Elliott wave analysis on a market or stock with large percentage gains it’s more appropriate to compare growth rates ratherContinue reading “Micron Technology Inc. Upside Target”
Rising to a New All – Time High? – 05/21/26
The S&P 500 (SPX) could be in the final wave of a rally that began on 03/30/26. The SPX 30 – minute chart courtesy of Trading View illustrates the intraday action. The 05/17/26 blog “Characteristics of a U.S. Stock Market Peak” noted that the SPX largest decline since 03/30/26 was only 2%. The most recentContinue reading “Rising to a New All – Time High? – 05/21/26”
Long – Term Yields Near Major Double Top
On 05/15/26 the prices of U.S. Treasury – notes and thirty-year bonds declined. When bond/note prices fall, bond/note yields rise. The U.S. Treasury 30- year bond yields (TYX) are leading the way higher. The weekly TYX chart courtesy of Trading View illustrates the long – term view. This is an update to the chartContinue reading “Long – Term Yields Near Major Double Top”
Four Dimension Trading 