Category Archives: Uncategorized

Possible Short-Term Bottom Made on 04-12-22

Recent blogs have noted that the S&P 500 (SPX) decline since the 03/29/22 high could be an Elliott wave – Double Zigzag  corrective pattern.  The SPX – 30 – minute chart courtesy of Trading View updates the Elliott wave count. The 04/13/22 blog “Short – Term Bottom Forecast” illustrated two possible SPX Elliott wave counts. Continue reading “Possible Short-Term Bottom Made on 04-12-22”

Short – Term Bottom Forecast

The 04/12/22 blog “S&P 500 Decline is Losing Momentum” noted that the S&P 500 (SPX) may have completed an Elliott wave – Double Zigzag  correction at the 04/12/22 bottom. The first 30-minute SPX chart courtesy of Trading View illustrates  a completed Double Zigzag at the 04/12/22 bottom. On 04/13/22 the SPX rallied the entire day;Continue reading “Short – Term Bottom Forecast”

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”