The S&P 500 (SPX) may have completed an extended Elliott five wave pattern from the October 2022 bottom. The weekly SPX chart courtesy of Trading View updates the action. The move up from October 2022 to January 2023 is a series of one’s and two’s which is the basing pattern for a long and powerfulContinue reading “Long-Term S&P 500 – Elliott Wave Count – 09/20/24”
Category Archives: Elliott Wave
The Case for Rising U.S. Interest Rates
After almost a year of anticipation the U.S. FOMC lowered short-term interest rates by a half of a percent. Happy days are here again! Are they? From just before the announcement longer – term U.S. interest rates have been rising. If the trend continues it could be detrimental to the U.S. economy. The weekly chartContinue reading “The Case for Rising U.S. Interest Rates”
Buy the Rumor Buy the News
After the 09/18/24 U.S – FOMC announcement U.S stocks rallied then reversed and the three main U.S stock indices ended the session near the lows of the day. It looked like a classic example of “buy the rumor sell the news”. On 09/19/24 U.S. stock bulls other plans. The Dow Jones Industrial Average (DJI) chartContinue reading “Buy the Rumor Buy the News”
Microsoft and Alphabet Inc. Elliott Wave Patterns
Much of the S&P 500 (SPX) upside performance through 2023 and 2024 has come from the so called “Magnificent Seven Stocks”. These stocks are Alphabet Inc. (GOOGL), Amazon (AMZN),Apple, (AAPL), Meta Platforms (META), Microsoft (MSFT) Nvidia, and Tesla (TSLA). As of 05/07/24 these 7 stocks made up 29% of the SPX gains. The other 71%Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns”
Gold – Elliott Wave Count – 09/13/24
Gold in U.S. dollars (XAUUSD) could soon make a primary degree peak. The daily Gold chart courtesy of Trading View illustrates the Elliott wave count since October 2022. Elliott wave analysis is a process of breaking markets into segments. You start from the most significant high or low to discover the main segment. From thatContinue reading “Gold – Elliott Wave Count – 09/13/24”
Dow Jones Industrial Average Important Top – 08/30/24
Recent blogs on this website illustrated the Dow Jones Industrial Average (DJI) could make an important top on 09/03/24. It now appears an important top may have been made on 08/30/24. The DJI 5 – minute chart courtesy of Trading View updates the action. From the 08/22/24 bottom the DJI appeared to be forming anContinue reading “Dow Jones Industrial Average Important Top – 08/30/24”
Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024
The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”
Dow Jones Industrial Average – Trendlines
The 08/29/24 blog “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24” illustrated the Dow Jones Industrial Average (DJI) was approaching a rising trendline connecting the December 2022 and July 2024 peaks. On 08/30/24 the DJI came closer to the trendline when it made another new all-time high. There’s also aContinue reading ” Dow Jones Industrial Average – Trendlines”
Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24
On 08/29/24 the Dow Jones Industrial Average (DJI) made another new all-time high unconfirmed by the S&P 500 and the Nasdaq Composite. The DJI may have also completed an Elliott wave – extended Impulse pattern from the October 2022 bottom. The daily DJI chart courtesy of Trading View illustrates the long – term Elliott waveContinue reading “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24”
Gold Update – 08/23/24
The 08/17/24 blog “Super Bearish Message from Gold and Silver” illustrated that Gold (XAUUSD) could be forming the final wave of an Elliott wave – Ending Diagonal Triangle (EDT). Typically, EDT’s fifth wave has a throw over of the trendline connecting the termination points of the first and third wave. This occurred on 08/20/24 oneContinue reading “Gold Update – 08/23/24”
Four Dimension Trading 