Elliott Wave – Four Dimension Trading

Elliott Wave Alternate Bullish Interpretations – 09/30/22

As of 09/30/22 momentum and sentiment evidence implied the S&P 500 (SPX) could be forming a double bottom vs. its mid – June 2022 low. This blog examines two possible Elliott wave alternate bullish counts. In Elliott wave theory there are always at least two alternate wave counts, bearish and bullish. Frequently there can beContinue reading “Elliott Wave Alternate Bullish Interpretations – 09/30/22“

Elliott Wave – Alternate Bearish Interpretation –09/23/22

The 07/21/22 blog “S&P 500 – Elliott Wave Count – 07/21/22” noted that the 2022 US stock market decline was taking a complex pattern similar to the 2000 to 2002 bear market. The January to June 2022 S&P 500 (SPX) drop was a complex and choppy pattern. The Elliott wave guideline for alternation among wavesContinue reading “Elliott Wave – Alternate Bearish Interpretation –09/23/22“

S&P 500 – Elliott Wave Count – 07/21/22

The 05/28/22 blog “Examination of Two Major Bear Markets” noted that the 2022 decline of US stock market was taking a complex pattern similar to the 2000 to 2002 bear market. The daily S&P 500 (SPX) chart courtesy of Trading View updates the Elliott wave count. Normally the complex Elliott wave patterns such asContinue reading ” S&P 500 – Elliott Wave Count – 07/21/22″

Philippine Stock Exchange Index Bullish Signals

In the short – term the Philippine Stock Exchange Index (PSEI) has been relatively weaker than the S&P 500 (SPX). The SPX recent bottom came on 06/17/22, the PSEI didn’t bottom until 06/23/22. On 07/15/22 the PSEI appeared to be on track to make a new 2022 low, the rally on 07/18/22 appears to haveContinue reading “Philippine Stock Exchange Index Bullish Signals”

Long-Term Momentum Implies a Multi-Week Stock Rally

The decline in US stocks from January 2022 to June has brought weekly and monthly Stochastics into the oversold zone. The rally since the late June bottom could ease the oversold condition. Action from the S&P 500 (SPX) October 2007 to March 2009 bear market gives clues as to how long a post June 2022Continue reading “Long-Term Momentum Implies a Multi-Week Stock Rally”

Nasdaq Composite Update – June 30, 2022

The 06/27/22 blog “S&P 500 Could Rally to 4,100” noted that a break above S&P 500 (SPX) resistance in the 3940 area could open a move to moderate resistance at 4,020 and possibly 4,100. On 06/28/22 the SPX marginally broke above 3,940 and then declined. The SPX broke below support that was noted at 3,890,Continue reading “Nasdaq Composite Update – June 30, 2022”

Examination of the Philippine Stock Market

The Society of Technical Analysts based in Philippine’s has invited me to speak to their group via zoom about the outlook for the US and Philippine stock markets. The relationship between the Philippine Stock Exchange (PSEI) and the S&P 500 (SPX) reveals clues relevant to the global stock market. The monthly PSEI and SPX chartContinue reading “Examination of the Philippine Stock Market”

Nasdaq Composite – MACD Indicator

The 06/16/22 and 06/23/22 blogs examined the possibility that US stocks could make a new decline bottom, within the 06/28/22 to 06/30/22 time zone. The US stock market rally on 06/24/22 has reduced the chances of a bottom being made in the last week of June 2022. The daily Nasdaq Composite chart (IXIC) courtesy ofContinue reading “Nasdaq Composite – MACD Indicator”

Prelude to a Short- Term Bottom?

The 06/16/22 blog “Forecast for a Short-Term Bottom” noted that a S&P 500 (SPX) daily MACD bearish crossover could be forecasting a short-term bottom sometime in the last week of June 2022. Subsequently US stocks have rallied, this move could be the prelude for another decline. The 05/28/22 blog “Examination of Two Major Bear Markets”Continue reading “Prelude to a Short- Term Bottom?”

Break of S&P 500 Support

Today 06/09/22 the S&P 500 (SPX) broke below important support at 4073.84 which opens the door for additional decline. The SPX 30 – minute chart courtesy of Trading View illustrates the action. This chart updates the SPX 15 – minute chart illustrated in the 06/04/22 blog “Three Possible Paths for the S&P 500”. That chartContinue reading ” Break of S&P 500 Support”