Category Archives: Elliott Wave

S&P 500  Long – Term Elliott Wave Count – 07/07/23

Recent blogs on this website have illustrated three amazing time cycle each pointing to a significant turn for U.S. stocks – late June/early July 2023.  On 06/30/23 the S&P 500 (SPX) made a new post October 2022 rally high unaccompanied by either the Dow Jones Industrial Average, or the Nasdaq Composite.   This broad bearish momentumContinue reading “S&P 500  Long – Term Elliott Wave Count – 07/07/23”

Examination of Long and Short – Term Interest Rates – 07/07/23

The 04/30/23 blog “Examination of Long and Short – Term Interest Rates – 04/28/23” noted the 30 – Year Treasury Yields (TYX) from its peak in October 2022 appeared to be forming an Elliott Wave – Horizontal Triangle.  The daily TYX chart courtesy of Trading View updates its action. On 07/07/23 TYX exceeded the peakContinue reading “Examination of Long and Short – Term Interest Rates – 07/07/23”

UK 100 Could be Collapsing.

The national stock index with the clearest Elliot wave pattern since October 2022 has been the UK 100 (UKX).  The following list of blogs chronicles the UKX amazing progress. The 03/13/23 blog “Major UK 100 Top is Probably in Place” noted  “On 02/16/23 the UK 100  reached 8,047, this could be a major top!” TheContinue reading “UK 100 Could be Collapsing.”

Bearish Signals From the German Stock Index

The German Stock Index (DEU40) appears to be in the early phase of a significant bear move. The daily DEU40 chart courtesy of Trading View illustrates the action. In mid – June 2023 the DEU40 made a new all-time high.  The  pattern up from September 2022 bottom counts as an Elliott – five wave Impulse. Continue reading “Bearish Signals From the German Stock Index”

Vietnam 30 Stock Index Hits Powerful Resistance

The FTSE Vietnam 30 Stock Index (VN30) has reached and moved down from potentially powerful resistance.  This could be additional evidence that the next wave down of a global stock bear market may have begun.  Fibonacci retracement points are like magnets for price.  After price reaches a Fibonacci level its frequently becomes a barrier.   InContinue reading “Vietnam 30 Stock Index Hits Powerful Resistance”

Start of the Final Rally?

The 06/21/23 blog “Shallow Correction – 06/21/23” noted the SPX could bottom in the 4,330 area.  On 06/26/23 the SPX bottomed out at 4,328.08. The SPX 30- minute chart courtesy of Trading View updates the action. The decline after the peak labeled Minuette wave (b) was an Elliott wave – Ending Diagonal Triangle (EDT).  AfterContinue reading “Start of the Final Rally?”

Probable Short-Term Bottom – 06/26/23

Today 06/26/23 the S&P 500 (SPX) ended the session down 19.50 points, with 67% of NYSE stocks advancing vs. 32% stocks declining.  This bullish divergence implies the SPX may have made a short – term bottom today or could bottom early on 06/27/23. The SPX 15 – minute chart courtesy of Trading View updates theContinue reading “Probable Short-Term Bottom – 06/26/23”

U.S. Stocks Thrusting Up

Several weeks ago, it appeared the S&P 500 (SPX) could be forming an Elliott wave – Inverse Horizontal Triangle from the 06/17/22 bottom.  This wave count is now invalid.  Recently this website noted that the SPX may be forming an Elliott wave – Ending Diagonal Triangle from the 10/13/22 low.   This wave count could stillContinue reading “U.S. Stocks Thrusting Up”