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”
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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”
Examination of US and German Stock Markets
After the 02/24/22 bottom US stocks appeared to be poised for a rapid move up, but after two days a trading range developed. Meanwhile, German stocks as measured by the DEU40 have continued to make new decline lows. Evidence from the DEU40 could be providing clues as to the near-term direction for the global stockContinue reading ” Examination of US and German Stock Markets”
S&P 500 – Target Top – 4920
Several recent blogs have noted that the S&P 500 (SPX) could be headed towards major Fibonacci resistance at SPX 4889. This projection was based upon the presumed SPX – Primary wave “4” termination point made in late October 2020. The January to February 2022 decline may have changed the long-term SPX – Elliott wave count.Continue reading “S&P 500 – Target Top – 4920”
S&P 500 – Long -Term Elliott Wave Count – 02-25-22
If the S&P 500 (SPX) can soon make a new all -time high, where does the January to February 2022 decline fit in the long-term Elliott wave count? An examination of the secular bull market rallies and declines reveal some fascinating clues. The SPX – monthly chart courtesy of Trading View illustrates the most likelyContinue reading “S&P 500 – Long -Term Elliott Wave Count – 02-25-22”
Dramatic Bullish Reversal
Since the US stock market all-time high in early January 2022 there have been clues that the subsequent decline may have only been a correction within an ongoing bull market. Clue #1: The S&P 500 (SPX) peak at 4818 was outside of the lower leeway zone for potential major Fibonacci resistance at 4889. The lowerContinue reading “Dramatic Bullish Reversal”
S&P 500 Bullish and Bearish – Elliott Wave Counts
On 02/18/22 the S&P 500 (SPX) decline to the edge of what could be important support. The daily SPX chart courtesy of Trading View illustrates a bullish Elliott wave count. The 02/17/22 blog “Potential Stock Buying Opportunity on 02-18-22” noted that an Elliott wave – Horizontal Triangle may have been completed on 02/17/22. The keyContinue reading “S&P 500 Bullish and Bearish – Elliott Wave Counts”
Potential Stock Buying Opportunity on 02-18-22
After the S&P 500 (SPX) 01/04/22 top the declines and rallies have been three – wave structures and appears be an Elliott wave – Horizontal Triangle which may have completed at the low made on 02/17/22. The SPX 30 – minute chart courtesy of Trading View illustrates the wave structure. There are Fibonacci relationships amongContinue reading “Potential Stock Buying Opportunity on 02-18-22”
The Bulls Strike Back
Elliott wave “fours” in standard impulse waves are normally shallow usually retracing a Fibonacci .382 of the third wave, or .382 of the movement from the start of wave “one” to the end of wave “three”. The reason for shallow retracements is that at whatever time scale, a change of trend is perceived, and counterContinue reading “The Bulls Strike Back”
Choppy Rallies and Choppy Declines
Since the S&P 500 (SPX) decline bottom made on 01/24/22 the moves up have been choppy, and the moves down have been choppy. An Elliott wave – Horizontal Triangle could be forming. This structure was examined the 01/14/22 blog “Important Cycle Point – 01-14-22” and in the 01/19/22 blog “Horizontal Triangle Update – 01-19-22.” HorizontalContinue reading ” Choppy Rallies and Choppy Declines”
Four Dimension Trading 