Gold in U.S. dollars (XAUUSD) could soon make a primary degree peak. The daily Gold chart courtesy of Trading View illustrates the Elliott wave count since October 2022. Elliott wave analysis is a process of breaking markets into segments. You start from the most significant high or low to discover the main segment. From thatContinue reading “Gold – Elliott Wave Count – 09/13/24”
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Dow Jones Industrial Average Important Top – 08/30/24
Recent blogs on this website illustrated the Dow Jones Industrial Average (DJI) could make an important top on 09/03/24. It now appears an important top may have been made on 08/30/24. The DJI 5 – minute chart courtesy of Trading View updates the action. From the 08/22/24 bottom the DJI appeared to be forming anContinue reading “Dow Jones Industrial Average Important Top – 08/30/24”
Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024
The Dow Jones Industrial Average (DJI) has reached potentially strong resistance at a very interesting time. Labor Day in the U.S. is almost like the start of a new year. Summer vacations end, most schools resume, and sometimes stocks market bears come out of hibernation. There have been two very significant U.S. stock market declinesContinue reading “Dow Jones Industrial Average – Fibonacci Price and Time Relationships – August 2024”
Dow Jones Industrial Average – Trendlines
The 08/29/24 blog “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24” illustrated the Dow Jones Industrial Average (DJI) was approaching a rising trendline connecting the December 2022 and July 2024 peaks. On 08/30/24 the DJI came closer to the trendline when it made another new all-time high. There’s also aContinue reading ” Dow Jones Industrial Average – Trendlines”
Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24
On 08/29/24 the Dow Jones Industrial Average (DJI) made another new all-time high unconfirmed by the S&P 500 and the Nasdaq Composite. The DJI may have also completed an Elliott wave – extended Impulse pattern from the October 2022 bottom. The daily DJI chart courtesy of Trading View illustrates the long – term Elliott waveContinue reading “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 08/29/24”
Gold Update – 08/23/24
The 08/17/24 blog “Super Bearish Message from Gold and Silver” illustrated that Gold (XAUUSD) could be forming the final wave of an Elliott wave – Ending Diagonal Triangle (EDT). Typically, EDT’s fifth wave has a throw over of the trendline connecting the termination points of the first and third wave. This occurred on 08/20/24 oneContinue reading “Gold Update – 08/23/24”
August Stock Rally Climax?
The 08/22/24 blog “Buy the Rumor – Sell the News – 08/22/24” noted. “On 08/23/24 FOMC – chairman Jerome Powell speaks at the annual Jackson Hole symposium. Perhaps the Speech could trigger the Minute wave [v] final rally of the post 08/05/24 bull move”. There’s was a rally on Powell’s comments. Could the presumed MinuteContinue reading “August Stock Rally Climax?”
Buy the Rumor – Sell the News – 8/22/24
The manic rally from the mini crash bottom made on 08/05/24 could terminate on 08/23/24. The 08/11/24 blog “U.S. Stock Market Forecast – Late 2024” speculated that post 08/05/24 rally could be choppy and peak sometime in mid – September 2024. What’s happened so far has been a very sharp rally that could end inContinue reading “Buy the Rumor – Sell the News – 8/22/24”
Relentless Stock Rally – 08/21/24
The near vertical rally of the S&P 500 (SPX) continues. The one – hour SPX chart courtesy of Trading View updates the action. The only significant change on an hourly basis is the RSI significant bearish divergence AT THE 08/21/24 peak. The big problem from an Elliott wave perspective are the very shallow declines,Continue reading “Relentless Stock Rally – 08/21/24”
Approaching Price and Time Zones – 08/16/24
On 08/16/24 the S&P 500 (SPX) came within 4.19 points of completing a presumed Inverse Expanding Flat correction. This pattern could be complete in the next three trading days. The one – hour SPX chart courtesy of Trading View updates the action from the all-time high made on 07/16/24. The 08/15/24 blog “S&P 500 –Continue reading “Approaching Price and Time Zones – 08/16/24”
Four Dimension Trading 