Category Archives: Elliott Wave

S&P 500 – Short -Term Elliott Wave Forecast – 11/11/22

This blog is an update to the S&P 500 (SPX) Elliott wave count posted on 11/09/22. The 30 – minute SPX chart courtesy of Trading View updates the action. The presumed Intermediate wave (2) bottomed on 11/03/22 and retraced almost an exact Fibonacci .50 retrace of Intermediate wave (1). The subsequent rally appears  to beContinue reading “S&P 500 – Short -Term Elliott Wave Forecast – 11/11/22“

S&P 500 – Short -Term Elliott Wave Forecast – 11/09/22

The SPX 500 (SPX) rally  from 10/13/22 to 11/01/22  appears   to  have completed an extended Elliott wave impulse pattern. The 30 – minute SPX chart courtesy of Trading View illustrates  the action. The decline from the 11/01/22 top looks like a developing  Zigzag correction.  If so, it could complete near the 3,650 area which isContinue reading “S&P 500 – Short -Term Elliott Wave Forecast – 11/09/22“

Dow Jones Industrial Average Could Make a New High in 2023  

The 2023 Stock Trader’s  Almanac has been published. This annual book has a tremendous amount of statistical data about the US stock market.  One of the sections in this year’s  edition is  titled  “Why a 50% Gain in the Dow is  Possible from its 2022 Low to its 2023 High”.  The article details  the actionsContinue reading “Dow Jones Industrial Average Could Make a New High in 2023  “

Elliott Wave Alternate Bullish Interpretations – 09/30/22

As of 09/30/22 momentum and sentiment evidence implied the S&P 500 (SPX) could be forming a double bottom vs. its mid – June 2022 low.  This blog examines  two possible Elliott wave alternate bullish counts. In Elliott wave theory there are always at least two alternate wave counts, bearish and bullish. Frequently there can beContinue reading “Elliott Wave Alternate Bullish Interpretations – 09/30/22“

Elliott Wave – Alternate Bearish Interpretation –09/23/22

The 07/21/22 blog “S&P 500 – Elliott Wave Count – 07/21/22” noted that the 2022 US stock market decline was taking a complex pattern similar to the 2000 to 2002 bear market.  The January to June 2022 S&P 500 (SPX) drop was a complex and choppy pattern.  The Elliott wave guideline for alternation among  wavesContinue reading “Elliott Wave – Alternate Bearish Interpretation –09/23/22“

      S&P 500 – Elliott Wave Count – 07/21/22

The 05/28/22 blog “Examination of Two Major Bear Markets” noted that the 2022 decline of US stock market was taking a complex  pattern similar to the 2000 to 2002 bear market.   The daily S&P 500 (SPX) chart courtesy of Trading View updates the Elliott wave count. Normally the complex Elliott wave patterns such asContinue reading ”      S&P 500 – Elliott Wave Count – 07/21/22″

Philippine Stock  Exchange Index Bullish Signals

In the short – term the Philippine Stock Exchange Index (PSEI) has been relatively weaker than the S&P 500 (SPX).  The SPX recent bottom came on 06/17/22, the PSEI didn’t bottom until 06/23/22. On  07/15/22 the PSEI appeared to be on track to make a  new 2022 low, the rally on 07/18/22 appears to haveContinue reading “Philippine Stock  Exchange Index Bullish Signals”

Long-Term Momentum Implies a  Multi-Week Stock Rally

The decline in US stocks from January 2022 to June  has  brought weekly and monthly Stochastics into the oversold zone.  The rally since the late June bottom could ease  the oversold condition.  Action from the S&P 500 (SPX) October 2007 to March 2009 bear market gives  clues as  to how long a  post June 2022Continue reading “Long-Term Momentum Implies a  Multi-Week Stock Rally”

Nasdaq Composite Update – June 30, 2022

The 06/27/22 blog “S&P 500 Could Rally to 4,100”  noted that a break above S&P 500 (SPX) resistance  in the 3940 area  could open  a move to moderate resistance at 4,020 and possibly 4,100.  On 06/28/22 the SPX marginally broke above 3,940 and then declined. The SPX broke below support that was noted at 3,890,Continue reading “Nasdaq Composite Update – June 30, 2022”

Examination of the Philippine Stock Market

The Society of Technical Analysts based in  Philippine’s has invited me  to speak to their group via zoom about the outlook for the US and Philippine stock markets. The relationship between the Philippine Stock Exchange (PSEI) and the S&P 500 (SPX) reveals clues relevant to the global stock market. The monthly PSEI and SPX chartContinue reading “Examination of the Philippine Stock Market”