Within a few trading days a small number of U.S. stocks could make new all-time highs. Most stocks may rally into secondary peaks. A look at the S&P 500 (SPX) and Russell 2000 (RUT) Elliott wave counts reveal what may happen. The daily SPX chart courtesy of Trading View updates its action. The daily SPXContinue reading “Elliott Wave Examination of Two U.S. Stock indices”
Category Archives: Elliott Wave
Emerging Technology Bear Market – October 2026
The 10/24/26 blog “U.S. Stock Sector Analysis – October 2026” examined the three U.S. stock sectors that made new all-time highs during the week of 10/19/26 to 10/23/23. Today’s blog – 10/25/26 looks at the technology sector. The daily Technology Sector ETF (XLK) chart and the Semiconductor index (SOX) chart courtesy of Trading View illustrateContinue reading “Emerging Technology Bear Market – October 2026”
The Three – Day Rally
The 10/17/26 blog post “Trendline Break/Fibonacci Support” highlighted bullish signals from the daily difference between NYSE 52-week new highs and 52-week new lows, suggesting that the S&P 500 (SPX) could rally for two to three trading days. SPX rose from 10/19/26 through 10/21/26, then fell 1.21% on 10/22/26. Could this mark the start of aContinue reading “The Three – Day Rally”
Technology Stocks Relative Weakness – October 2026
On 10/06/26 the technology stock ETF – (XLK) made a new all-time high. Subsequently it has been bearish relative to the S&P 500 (SPX) and the Nasdaq Composite (IXIC). This could be a bearish omen for the broader U.S. stock market. First, we need to examine the long-term performance of the technology sector. The weeklyContinue reading “Technology Stocks Relative Weakness – October 2026”
September 28, 2026 – Final U.S. Market Stock Peak?
A Full Moon and momentum divergence could signal an important U.S. stock market top. The daily chart courtesy of Trading View shows the relationship of the three main U.S. stock indices. S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI). When only one of the three major U.S. stock indices reaches aContinue reading “September 28, 2026 – Final U.S. Market Stock Peak?”
Post Triangle Thrust Up – 09/21/26
This website’s prior blog illustrated that the technology stock ETF (XLK) may have begun a post Horizontal Triangle thrust up. Today 09/21/26 XLK blasted upwards. The daily XLK chart courtesy of Trading View updates the action. The bullseye termination point is 214.35. This movement is probably an Elliott fifth wave and confirmation is just oneContinue reading “Post Triangle Thrust Up – 09/21/26”
U.S. Technology Stocks Surging to New Highs?
On 06/03/26 the technology stock ETF (XLK) reached its all-time high. After 06/03/26 – S&P 500 (SPX) continued to make new highs and reached their peak on 08/13/26. The bearish divergence of XLK to SPX is significant because technology stocks have been strongest sector of the U.S. bull market that began in April 2025. SPXContinue reading “U.S. Technology Stocks Surging to New Highs?”
Shanghai Composite Long -Term Forecast
Recently views of this website in the Peoples Republic of China have greatly increased. Welcome! Today’s blog focuses on the long – term Elliott wave count for the Shanghai Composite index and what may develop in the next few years. The monthly chart for the Shanghai Stock Exchange Composite Index – SSE – Trading ViewContinue reading “Shanghai Composite Long -Term Forecast”
Are Oil Bulls Out of Time?
The 08/16/26 blog “Crude Oil Near-Term Target – 95.00” noted “Momentum and Elliott wave structure imply Crude Oil could reach 95.00 in early September 2026”. Since then, price has risen, yet not as robust as expected. Seasonal and fundamental factors could soon bring downward pressure on price. The WTI Crude Oil Futures Seasonality chart courtesyContinue reading “Are Oil Bulls Out of Time?”
Emotional Spike Up – 08/28/26
U.S stocks on 08/28/26 had a sharp spike up followed by a deep decline. This movement could mark an important secondary peak. The 15 – minute S&P 500 (SPX) chart courtesy of Trading View shows what’s happened with this index since it’s all-time high on 08/13/26. The SPX move to marginal to a new lowContinue reading “Emotional Spike Up – 08/28/26”
