Category Archives: Elliott Wave

S&P 500  Decline is Losing Momentum

The 30-minute S&P 500 (SPX) chart courtesy of Trading View illustrates the recent action. At the 04/12/22 low there were double bullish divergences on the 30- minute MACD and RSI.  The overall drop since the 03/29/22 high is choppy and characteristic of Elliott wave – Double Zigzag corrective patterns. The SPX Bullish Percent Index brokeContinue reading “S&P 500  Decline is Losing Momentum”

Three Paths For the S&P 500 04-11-22

Today 04/11/22 the S&P 500 (SPX) broke below important support at 4450 and opened the door for three possible Elliott wave counts.  Two of the counts assume a  new bear market is under development. One wave count assumes the SPX drop from 03/29/22 is a correction within an ongoing bull market.       The first 30Continue reading “Three Paths For the S&P 500 04-11-22”

       Bull Market in US Government Treasury Yields

The chart courtesy of Trading View illustrates the yields on the 30- year US Government Treasury bonds (TYX), the 10 – year US Government Treasury notes (TNX), and  the 5 – year US Government Treasury Notes (FVX).   Trading  View illustrates the  current FVX  yield as 27.56, I’ve modified the chart to show the yield atContinue reading ”       Bull Market in US Government Treasury Yields”

Support Reached and Breached

During  the first half of the S&P 500 (SPX) 04/06/22 trading session the bottom was 4460.00, only a few points below the .382 retracement of the 03/14/22 to 03/29/22 rally.  The exact level is 4463.72. There’s also a secondary Fibonacci coordinate of Minor wave “C” equaling Minor wave “A” at 4455.63. It looked as  ifContinue reading “Support Reached and Breached”

Declining into Support

Today 03/31/22 the S&P 500 (SPX) closed at the low of the day in the largest and longest correction since the 03/14/22 bottom.  The 15-minute SPX chart courtesy of Trading View illustrates the recent action. The 03/21/22 blog “S&P 500 – Fibonacci Time Connection Between 2010 and 2022.  Illustrated that an Elliott wave – HorizontalContinue reading “Declining into Support”

    Short – Term Top Could be in Place 03-22-22

On 03/22/22 the S&P 500 (SPX) may have completed a short-term top. The 15-minute SPX chart courtesy of Trading View illustrates the short -term Elliott wave count. There’s a  five – wave impulse pattern up from the presumed Primary wave “4” Horizontal Triangle termination  point.  Within the five-wave structure Minor wave “5” is  close 50%Continue reading ”    Short – Term Top Could be in Place 03-22-22″

S&P 500 – Fibonacci Time Connection Between 2010 and 2022

The 03/15/22 blog “S&P500 – Fibonacci Time Analysis 03-15-22” noted that there could be a Fibonacci time relationship between the S&P 500 (SPX) presumed Primary wave “2” decline April to June 2010 with the SPX January to March 2022  Primary wave “4” decline.  On 03/15/22 it looked like the SPX decline from 01/04/22  was anContinue reading “S&P 500 – Fibonacci Time Connection Between 2010 and 2022”

Detailed Examination of an Ending Diagonal Triangle

The prior blog illustrated a presumed Elliott wave – Expanding Flat correction for the S&P 500 (SPX)  that’s been developing since November 2021.  This blog zooms in on the third part  of the Expanding Flat.   This  phase began at the all-time high in early January 2022 and appears to be an Elliott wave – EndingContinue reading “Detailed Examination of an Ending Diagonal Triangle”

Expanding Flat Could be Nearing Completion

Elliott Wave – Ending Diagonal Triangles (EDT) are  termination  patterns that appear only in the fifth wave positions of motive waves and in wave “C” of corrective waves.  They frequently show up in the  “C” wave of Expanding Flats. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates an  Expanding Flat that beganContinue reading “Expanding Flat Could be Nearing Completion”