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?”
Category Archives: Elliott Wave
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”
Buying the Dips
Late in the 07/29/26 trading session U.S. stocks had a sharp and deep decline. On 07/30/26 bulls relentlessly pushed stock indices higher. Early in the 07/31/26 main session stocks peaked then had another sharp drop. It looked like the bears had taken control, yet before the first hour of the session was complete bulls beganContinue reading “Buying the Dips”
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”
Amazing Lunar Cycles – May to July 2026
Sometimes markets can make turns at New or Full Moons plus or minus two trading days. From May to July 2026 four of the five lunar cycles have signaled S&P 500 (SPX) turns. The SPX – 4 – hour bar chart courtesy of Trading View illustrates the phenomenon. The 05/18/26- New Moon was one tradingContinue reading ” Amazing Lunar Cycles – May to July 2026″
The Triangle of Death – Part Two
The large drop of U.S. stocks on 07/17/26 implies an important peak may have been made on 07/15/26. This website’s prior blog illustrated S&P 500 (SPX) could be completing an Elliott wave – Ending Diagonal Triangle (EDT) from the 06/09/26 bottom. There are always alternate Elliott wave counts. Today’s blog illustrates two alternate counts. TheContinue reading ” The Triangle of Death – Part Two”
The Triangle of Death – July 2026
S&P 500 (SPX) could be forming an Elliott wave – Ending Diagonal Triangle that could be the death of the bull market that began in April 2025. The one – hour SPX chart courtesy of Trading View illustrates the intraday action since late May 2026. Elliott wave Ending Diagonal Triangles (EDT) are termination patterns thatContinue reading “The Triangle of Death – July 2026”
Weak Trendline Breakthrough – 07/10/26
The prior blog “Prelude to New Highs? – July 2026” illustrated that the S&P 500 (SPX) since 06/02/26 may have formed an Elliott wave – Horizontal Triangle. As of 07/09/26 SPX was at the edge of a declining trendline from the 06/15/26 peak. The break above this trendline on 07/10/26 should have triggered a powerfulContinue reading “Weak Trendline Breakthrough – 07/10/26”
Prelude to New Highs? – July 2026
The S&P 500 (SPX) could be close to making new all-time highs. Since the 06/02/26 peak SPX has meander sideways. The 3 – hour SPX chart courtesy of Trading View illustrates the most likely Elliott wave count. SPX since its all-time high on 06/02/26 appears to have formed an Elliott wave – Horizontal Triangle. TheseContinue reading “Prelude to New Highs? – July 2026”
