Category Archives: Elliott Wave

Possible Major Top in Place for US Stocks – 01- 07-22

On 01/04/22 two trading  days after a new moon the S&P 500 (SPX) completed what could be an Elliott – five wave impulse pattern from the 12/03/21 bottom.  It could also be the final Intermediate degree wave up from the SPX 10/30/20 bottom, this wave count has been illustrated in several blogs. The daily SPXContinue reading “Possible Major Top in Place for US Stocks – 01- 07-22”

The Clearest Elliott Wave Patterns – December 2021

Several blogs have illustrated that the SPDR – Consumer Staples Fund (XLP) has had one of the clearest Elliott wave patterns since the March 2020 bottom.  The 11/14/21 blog “Consumer Staples Fund on Track for Potential Major Top – December 2021” noted that XLP could have a major peak in the area  of 75.46. TheContinue reading “The Clearest Elliott Wave Patterns – December 2021”

S&P 500 Could be Basing For a Year End Rally – Part Three

On 12/23/21 the S&P 500 (SPX) moved above the high made on 12/16/21, this invalidated the Elliott wave count illustrated in the 12/21/21 blog.  That wave count had the SPX 12/20/21 bottom as a supposed Minor wave “C” of a developing Elliott wave – Horizontal Triangle.  If the 12/20/21 bottom was wave “C” then theContinue reading “S&P 500 Could be Basing For a Year End Rally – Part Three”

S&P 500 Could be Basing For a Year End Rally – Part Two

The prior blog noted the S&P 500 (SPX) could be forming an Elliott wave – Horizontal Triangle correction which could be the  prelude to a year end rally .  The SPX – 60 – minute chart courtesy of Trading View updates the progress  of the presumed Horizontal Triangle. The supposed Minor wave “C” declined deeperContinue reading “S&P 500 Could be Basing For a Year End Rally – Part Two”

S&P 500 Could be Basing For a Year End Rally

The S&P 500 (SPX) could be forming an Elliott wave – Horizontal Triangle.  If so, after its completion the SPX could have surge up in the last week of 2021 to the mid-4800 area. Horizontal Triangles appear only in the fourth wave positions of motive patterns, and in the “B” or “X” wave positions ofContinue reading “S&P 500 Could be Basing For a Year End Rally”

 Choppy Stock  Decline

The 11/30/21 blog “Bearish November Omen” noted that the intraday decline of the S&P 500 (SPX) since the 11/22/21 top looked corrective.  Subsequently the SPX decline continued to look corrective.  The SPX  – 15- minute chart courtesy of BigCharts.com illustrates  the intraday action since the 11/22/21 all-time high. The easiest way to explain Elliott waveContinue reading ” Choppy Stock  Decline”

S&P 500 on Track for Potential Major Top – December 2021

The 10/24/21 blog “Possible US Stock Market Top – December 2021” focused on long-term Fibonacci time cycles  that indicated US stocks could have a major top sometime in December 2021.  The 11/10/21 blog “Possible S&P 500 – Price Topping Zone”  illustrated long -term Fibonacci price analysis  forecasting the S&P 500 (SPX) could have major resistanceContinue reading “S&P 500 on Track for Potential Major Top – December 2021”

Consumer Staples Fund on Track for Potential Major Top – December 2021

Several blogs have illustrated that the SPDR Consumer Staples  fund – (XLP) since March 2020 has a clear Elliott wave pattern.  The most recent post was 07/03/21 “Consumer Staples Fund – Update July 2021” and noted that XLP could have  completed an Elliott five-wave impulse pattern from March 2020 to June 2021.  Subsequent to theContinue reading “Consumer Staples Fund on Track for Potential Major Top – December 2021”

Possible S&P 500 – Price Topping Zone

The 10/24/21 Blog “Possible US Stock Market Top – December 2021” used Fibonacci Time cycles  to forecast a possible significant top for US stocks sometime in December 2021.  This blog uses Fibonacci price analysis  on the S&P 500 (SPX) to discover a possible major top of the bull market that began March 2009. When makingContinue reading “Possible S&P 500 – Price Topping Zone”