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”
Category Archives: Elliott Wave
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”
August Stock Rally Climax?
The 08/22/24 blog “Buy the Rumor – Sell the News – 08/22/24” noted. “On 08/23/24 FOMC – chairman Jerome Powell speaks at the annual Jackson Hole symposium. Perhaps the Speech could trigger the Minute wave [v] final rally of the post 08/05/24 bull move”. There’s was a rally on Powell’s comments. Could the presumed MinuteContinue reading “August Stock Rally Climax?”
Buy the Rumor – Sell the News – 8/22/24
The manic rally from the mini crash bottom made on 08/05/24 could terminate on 08/23/24. The 08/11/24 blog “U.S. Stock Market Forecast – Late 2024” speculated that post 08/05/24 rally could be choppy and peak sometime in mid – September 2024. What’s happened so far has been a very sharp rally that could end inContinue reading “Buy the Rumor – Sell the News – 8/22/24”
Relentless Stock Rally – 08/21/24
The near vertical rally of the S&P 500 (SPX) continues. The one – hour SPX chart courtesy of Trading View updates the action. The only significant change on an hourly basis is the RSI significant bearish divergence AT THE 08/21/24 peak. The big problem from an Elliott wave perspective are the very shallow declines,Continue reading “Relentless Stock Rally – 08/21/24”
Approaching Price and Time Zones – 08/16/24
On 08/16/24 the S&P 500 (SPX) came within 4.19 points of completing a presumed Inverse Expanding Flat correction. This pattern could be complete in the next three trading days. The one – hour SPX chart courtesy of Trading View updates the action from the all-time high made on 07/16/24. The 08/15/24 blog “S&P 500 –Continue reading “Approaching Price and Time Zones – 08/16/24”
Super Bearish Message from Gold and Silver
The 07/21/214 blog “Bearish Message from Gold and Silver” noted considerable evidence that both precious metals could soon begin a multi-week decline. Since then, Gold (XAUUSD) has exceeded its mid – July 2024 peak, while Silver (XAGUSD) continues to lag on the upside. A severe downward shift for both metals could be imminent. The weeklyContinue reading “Super Bearish Message from Gold and Silver”
S&P 500 – Short-Term Elliott Wave Count – 08/15/24
The S&P 500 is pushing through chart resistance in the low 5,500 area and short -term momentum is still bullish. Short – Term Elliott wave analysis could provide a road map to near -term action. The one- hour SPX chart courtesy of Trading View updates short-term momentum. On 08/15/24 the one – hour RSI pushedContinue reading “S&P 500 – Short-Term Elliott Wave Count – 08/15/24”
U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.
Long- and short-term Fibonacci time and price relationships imply an important U.S. 30 – Year Treasury Yield (TYX) bottom could be made late August/early September 2024. The weekly TYX chart courtesy of Trading View examines the long-term picture. One of the main aspects of Elliott wave analysis is that corrections of movements are usuallyContinue reading “U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.”
Four Dimension Trading 