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”

In the Lunar Zone – August 2026

The 08/22/26 blog “First Wave Down – 08/21/26” noted “The “buy the dip” stock bulls of 2026 probably view the recent drop as another great opportunity and could push SPX up to the 7,740 to 7,760 area.” This target zone has been reached. An important secondary peak could occur on 08/27/26 or 08/28/26.  The hourlyContinue reading “In the Lunar Zone – August 2026”

First Wave Down – 08/21/26

This website prior blog noted. “SPX is declining in a clear Elliott – Impulse pattern.  If so, this could be the first wave down of a larger developing five wave pattern.” The S&P 500 (SPX) rally on 08/21/26 confirms this five-wave pattern is complete and could be just the start of a multi-week decline. TheContinue reading “First Wave Down – 08/21/26”

Slow Rollover of U.S. Stocks – August 2026

Since the S&P 500 (SPX) reached a solo all-time high on 08/13/26, U.S. stocks have gradually and quietly declined.  This could be the start of a much larger drop. The daily SPX chart courtesy of StockCharts.com illustrates external momentum. Daily Slow Stochastic had a bearish line cross in the overbought zone and has now crossedContinue reading “Slow Rollover of U.S. Stocks – August 2026”

Crude Oil Near-Term Target – 95.00

Momentum and Elliott wave structure imply Crude Oil could reach 95.00 in early September 2026. The daily continuous Crude Oil futures (CL2!) chart courtesy of Trading View illustrates its action. From an Elliott wave perspective, the important area to focus on is what happened after the 07/02/26 bottom at 67.12. Please note that after theContinue reading “Crude Oil Near-Term Target – 95.00”

The Leading U.S. Stock Index?

On 08/14/26 none of the three main U.S. stock indices; S&P 500, Dow Jones Industrial Average, or Nasdaq Composite made new all-time highs.  However, the small cap index – Russell 2000 (RUT) made a new all-time high.  Is this this a sign of more upside action or the bulls last gasp? The daily RUT chartContinue reading “The Leading U.S. Stock Index?”

Post Triangle Thrust – August 2026

The 07/09/26 blog “Prelude to New Highs? – July 2026” illustrated that the S&P 500 (SPX) after the 06/02/26 peak may have formed an Elliott Wave – Horizontal Triangle. The chart from that blog courtesy of Trading View is shown below. As it turned out the Horizontal Triangle was still developing.  The hourly SPX chartContinue reading “Post Triangle Thrust – August 2026”

Rising U.S. Interest Rates – August 2026

A multi-month rally in U.S. interest rates may have begun. The 05/16/26 blog “Long – Term Yields Near Major Double Top” noted that U.S. Treasury 30- year bond yields (TYX) were close to moving above a double top at 5.15 made in October 2023 and May 2025.  On 05/19/26 TYX broke above 5.15, reaching 5.20. Continue reading “Rising U.S. Interest Rates – August 2026”

Setup for a Dynamic Decline – July 2026

S&P 500 (SPX) short – term Elliott wave pattern implies a large drop developing.  The SPX – 4-hour bar chart courtesy of Trading View illustrates the intraday action since late April 2026. The patterns since the 07/15/26 peak appears to be an Elliott wave series of “one’s” and “two’s” which are usually the prelude strongContinue reading “Setup for a Dynamic Decline – July 2026”