On 01/19/23 the S&P 500 (SPX) surged up 1.23% and made a new all-time high. On the surface it appears this could be in the start part of another manic rally. An examination of U.S. stock market momentum suggests something else. The daily S&P 500 – Advanced/Decline line ($SPXADP) chart courtesy of StockCharts.com updates itsContinue reading “U.S. Stock Market Momentum Update – 01/19/24”
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S&P 500 – Short-Term Elliott Wave Count – 01/12/24
There are always alternate Elliott wave counts. To determine the most likely path requires analysis of market momentum and sentiment. Recent momentum readings continue to suggest a short-term decline to at least the S&P 500 (SPX) 4,550 area. Recent blogs on this website have illustrated the bearish momentum messages from the S&P 500 – BullishContinue reading “S&P 500 – Short-Term Elliott Wave Count – 01/12/24”
Bitcoin Drops Fast From Important Resistance
On 01/11/24 – Bitcoin in U.S. dollars (BTCUSD) reached important Fibonacci resistance and then rapidly declined. Several factors indicate this could just be the start of at least a multi-month bear phase. The weekly BTCUSD chart courtesy of Trading View illustrates the big picture. The BTCUSD all-time high was in November 2021 it then fellContinue reading “Bitcoin Drops Fast From Important Resistance”
Intraday Elliott Wave Count for the S&P 500 – 01/05/24
The prior blog noted the S&P 500 (SPX) could find support near the 4,550 area. The intraday SPX – Elliott intraday wave count and momentum indicators suggest a brief bounce could develop. The SPX – 15 – minute chart courtesy of Trading View zooms in on the Elliott wave count from the 12/28/23 high. NoteContinue reading “Intraday Elliott Wave Count for the S&P 500 – 01/05/24”
Amazing Fibonacci Calculations – December 2023
Momentum and Fibonacci evidence indicates U.S stocks may have made at least an intermediate top. After the 12/20/23 micro crash in U.S. stocks it appeared that an intermediate peak could be in place. Incredibly all three of the main U.S. stock indices continued to rally and moved above their respective pre micro crash highs. TheContinue reading “Amazing Fibonacci Calculations – December 2023”
U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23
An intermediate bottom for 30 – year U.S. Treasury Yields could be in place. The weekly CBOE 30 YR Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long- term Elliott wave count. The TYX move up from March 2020 to October 2023 appears to be a completed Elliott wave – Impulse pattern. Continue reading “U.S. 30 – Year Treasury Yield – Elliott Wave Count – 12/28/23”
Probable Intermediate Top – 12/20/23
Today 12/20/23 the S&P 500 (SPX) had its fastest and deepest decline since the U.S. stock buying mania began on 10/27/23. When something different happens it usually means a developing trend change. In this case an intermediate decline that could continue for several days or a few weeks. The 3 -hour SPX chart courtesy ofContinue reading “Probable Intermediate Top – 12/20/23”
Projection for Dow Jones Industrial Average – Significant Top
The Dow Jones Industrial Average (DJI) long – term Elliott wave count is similar to the S&P 500 (SPX). Both indices could be in Elliott wave – Expanding Flats that began in January 2022. Two Fibonacci price projections indicate areas where the DJI could make an important peak. The monthly DJI chart courtesy of TradingContinue reading “Projection for Dow Jones Industrial Average – Significant Top”
Projection for S&P 500 – Significant Top
If the S&P 500 (SPX) can make a new all-time high it could herald a new bear market. The 12/14//23 blog noted that the Dow Jones Industrial Average could be forming a Primary degree wave “B” of an Elliott wave – Expanding Flat that began in January 2022. The SPX could be in the processContinue reading “Projection for S&P 500 – Significant Top”
Dow Jones Industrial Average – Long -Term Elliott Wave Count December 2023
On 12/13/23 the Dow Jones Industrial Average (DJI) made a new all-time high. The form of the DJI rally from the October 2022 bottom was choppy, suggesting a corrective pattern. How can the DJI make a new all-time high and be in a correction? In Elliott wave there are two patterns that correct anContinue reading “Dow Jones Industrial Average – Long -Term Elliott Wave Count December 2023”
Four Dimension Trading 