Category Archives: Uncategorized

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”

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”