Long- and short-term Fibonacci time and price relationships imply an important U.S. 30 – Year Treasury Yield (TYX) bottom could be made late August/early September 2024. The weekly TYX chart courtesy of Trading View examines the long-term picture. One of the main aspects of Elliott wave analysis is that corrections of movements are usuallyContinue reading “U.S. 30 – Year Treasury Yield- Fibonacci Time and Price Analysis.”
Category Archives: Uncategorized
U.S. 30 – Year Treasury Yield – Elliott Wave Count – 08/02/24
Yield/rate for U.S. 30 – Year Treasury bonds could make an important bottom late August to early September 2024. The 02/01/24 blog “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 02/01/24” illustrated that a short-term rally of U.S. 30 – year Treasury yield (TYX) could be complete, and the next phase downContinue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 08/02/24”
Nasdaq 100 – Elliott Wave Count – 07/31/24
The Nasdaq 100 (NDX) is at a crossroads. The action on 08/01/24 could determine the near – term course for U.S . stocks. The daily NDX chart courtesy of Trading View shows the first alternate Elliott wave count. The NDX from its 07/10/24 all-time high has a very clear Elliott wave count. The general formContinue reading “Nasdaq 100 – Elliott Wave Count – 07/31/24”
Short- Term S&P 500 – Elliott Wave Analysis – 7/24/24
The easiest way to understand Elliott wave theory is to view markets or stocks in segments. Currently the most important S&P 500 (SPX) segment is the 04/19/24 to 07/16/24 rally. The consequences of the recent decline could provide directional clues for the remainder of 2024. The daily SPX chart courtesy of Trading View illustrates theContinue reading “Short- Term S&P 500 – Elliott Wave Analysis – 7/24/24”
Russell 2000 – Long -Term Elliott Wave Count – 07/12/24.
The recent Russell 2000 (RUT) upsurge could soon end. The weekly RUT chart courtesy of Trading View illustrates the long-term Elliott wave count. The best Elliott wave count for the November 2021 to October 2023 decline is a Single Zigzag corrective pattern. Note that the mid portion of the bear market labeled Intermediate wave (B)Continue reading “Russell 2000 – Long -Term Elliott Wave Count – 07/12/24.”
Major S&P 500 – Fibonacci Resistance
This is big! This websites prior post noted that the S&P 500 (SPX) was not near any long-term Fibonacci resistance. This analysis was based on the long -term SPX wave count from the March 2009 bottom. The SPX rally from March 2009 to April 2010 was presumed to be Primary wave [1] of a multiContinue reading “Major S&P 500 – Fibonacci Resistance”
S&P 500 – Long – Term Alternate Elliott Wave Count -07/05/24
The most likely Elliott wave count for the S&P 500 (SPX) since the January 2022 peak is that an Expanding Flat correction could be forming. In this count the first wave “A” is a corrective pattern. The second wave “B” is also a corrective pattern and exceeds the point of origin of the first wave. Continue reading “S&P 500 – Long – Term Alternate Elliott Wave Count -07/05/24”
Long – Term Analysis of Asian Stock Markets
Four Asian stock markets reveal interesting long-term patterns. The weekly Vietnan Stock Index (VN30) courtesy of Trading View shows its action since 2021. The VN30 – November 2021 to November 2022 decline formed an extended Elliott wave Impulse pattern, which implies the first phase of a larger developing bear market. Note that the subsequent bullContinue reading “Long – Term Analysis of Asian Stock Markets”
The Incredible Shrinking U.S. Stock Market
On 06/12/24 the S&P 500 (SPX) and the Nasdaq Composite(IXIC) made new all-time highs. How can the U.S. stock market be shrinking? The answer is illustrated in the Nasdaq new highs chart courtesy of Barchart.com. The process of shrinking – 52 – week highs has been underway for several months. Note that at each lowerContinue reading “The Incredible Shrinking U.S. Stock Market”
Elliott Wave Analysis of the Main U.S. Stock Indices – 03/31/24.
Most U.S. stock indices appears to have made significant peaks. However, one main stock index could still make a new all-time high. The 30 – minute Nasdaq Composite (IXIC) chart courtesy of Trading View illustrates its short-term action. On 05/28/24 the IXIC made an all-time high unconfirmed by the Dow Jones Industrial Average (DJI) andContinue reading “Elliott Wave Analysis of the Main U.S. Stock Indices – 03/31/24.”
Four Dimension Trading 