Category Archives: Uncategorized

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”

The Fibonacci 1.618 – Solution

The powerful S&P 500 (SPX) rally since the 03/30/26 bottom is probably still developing.  A Fibonacci inverse ratio forecasted the level of the SPX January 2026 peak, could also predict an SPX peak in May 2026. The 12/27/25 blog “Rendezvous of Price and Time – December 2025” illustrated that the SPX – February to AprilContinue reading “The Fibonacci 1.618 – Solution”

Blowoff Top – 05/01/26

The S&P 500 (SPX) and Nasdaq Composite (IXIC) rallies from 03/30/26 may have culminated in blowoff tops. The daily SPX chart courtesy of Trading View shows the recent action. The candlestick chart illustrates a formation called a “Shooting Star” occurring on 05/01/26 which implies a bearish reversal.  This happened on a Full Moon.  Sometimes NewContinue reading “Blowoff Top – 05/01/26”

Short – Term S&P 500 – Elliott Wave Count – 04/30/26

The 04/25/26 blog “Short-Term S&P 500 – Elliott Wave Count – 04/24/26” illustrated that the S&P 500 (SPX) could be in a developing Elliott wave – Impulse pattern since the 03/30/26 bottom.  The one – hour SPX chart courtesy of Trading View updates the Elliott wave count. The 04/25/26 blog illustrated the 04/23/26 bottom asContinue reading “Short – Term S&P 500 – Elliott Wave Count – 04/30/26”

The Case for Higher U.S. Interest Rates – Part Two

The 03/22/26 blog “The Case for Higher U.S. Interest Rates – March 2026” illustrated that the CBOE 30 – Year Treasury Bond Yield may have completed a multiyear Elliott wave – Horizontal Triangle at the 02/27/26 bottom.  This wave count could be correct; however, there’s an alternate wave count in which the multiyear Horizontal TriangleContinue reading “The Case for Higher U.S. Interest Rates – Part Two”

Short-Term S&P 500 – Elliott Wave Count – 04/24/26

On 04/24/26 two of the three main U.S. stock indices, S&P 500 (SPX), and Nasdaq Composite made all-time highs.  This is a bullish movement.  The SPX – Elliott wave count from the 03/30/26 bottom gives us a clue of where this index could be in the short-term cycle. The 60 – minute SPX chart courtesyContinue reading “Short-Term S&P 500 – Elliott Wave Count – 04/24/26”