Uncategorized – Page 19 – Four Dimension Trading

Probable Crude Oil Top – 09/28/23

The 09/17/23 Blog “Crude Oil Elliott Wave Pattern – 09/15/23” noted that an Elliott wave – Inverse Expanding Flat could be nearing completion, with a broad topping zone of 91.50 to 94.80. Bullseye target at 94.31. The 09/27/23 blog “Crude Oli in Topping Zone” noted Crude Oil could hit the daily rising trend line andContinue reading “Probable Crude Oil Top – 09/28/23”

Crude Oil in Topping Zone

The 09/17/23 blog “Crude Oil Elliott Wave Pattern 09/15/23” noted that Crude Oil – Continuous Futures (CL2!) could make a significant top in the 91.50 to 94.80 zone. On 09/27/23 – CL2! – entered the topping zone. The daily CL2! – chart courtesy of Trading View updates the action. It now appears that the peakContinue reading “Crude Oil in Topping Zone”

Possible Major S&P 500 – Bottom October 2023

Seasonal patterns for stocks are bearish until October. A break below a strong support zone could trigger a mini – crash bottoming sometime in October 2023. The recent blog “S&P 500 – Support Levels – 09/20/23” noted, (The first support area is the double bottoms of 06/26/23 and 08/18/23. The important level is 4,328.08 madeContinue reading “Possible Major S&P 500 – Bottom October 2023”

Upside Target for U.S. Treasury Yield

The 09/09/23 blog “U.S. Interest Rates Ready to Thrust Higher” noted that long – term U.S. interest rates/yields could soon make new highs. Also noted, (The most important point on the chart is the 08/21/23 peak at 4.474 which is labeled Minor wave “1”.) Today 09/21/23 U.S. 30 – year treasury yields (TYX) blasted aboveContinue reading “Upside Target for U.S. Treasury Yield”

Crude Oil Elliott Wave Pattern – 09/15/23

The 04/16/23 blog “Crude Oil Elliott Wave Pattern – 04/14/23” illustrated that Crude Oil – Continuous Futures (CL2!) had completed a Primary degree Elliott Impulse wave at 64.58 on 03/20/23. Subsequently Crude Oil rallied and then made a marginal new low at 63.60 on 05/04/23. The 05/07/23 blog “Crude Oil Update – 05/05/23” updated theContinue reading ” Crude Oil Elliott Wave Pattern – 09/15/23″

S&P 500 – Upside Target Hit – 09/14/23

The 09/13/23 blog “S&P 500 – Elliott Wave Count Update – 09/13/23” illustrated that the S&P 500 (SPX) could rally to a chart resistance area. Today 09/14/23 the SPX hit that upside target. Also noted in the 09/13/23 blog (The shallow and choppy decline from the SPX 09/11/23 top at 4,490.77 labeled Minuette wave (a)Continue reading “S&P 500 – Upside Target Hit – 09/14/23”

S&P 500 – Elliott Wave Count Update – 09/13/23

The 09/12/23 blog noted “The SPX since its 07/27/23 top could be forming a series of “one’s” and “two’s” down”. This is still the most likely Elliott wave count, however the second wave “two” – up of the series may still be under development. The 15-minute S&P 500 (SPX) chart courtesy of Trading View updatesContinue reading “S&P 500 – Elliott Wave Count Update – 09/13/23”

S&P 500 – Short-Term Elliott Wave Count – 09/12/23

The S&P 500 (SPX) could be developing a very bearish Elliott wave count. The hourly SPX chart courtesy of Trading View updates the action. The SPX since its 07/27/23 top could be forming a series of “one’s” and “two’s” down. Minor waves “1”- “2” and Minute wave “I” – “ii” are main portions of theContinue reading “S&P 500 – Short-Term Elliott Wave Count – 09/12/23”

U.S. Interest Rates Ready to Thrust Higher?

Amazingly clear Elliott wave patterns indicate U.S. long-term rates/yields could soon make new highs. The 09/02/23 blog “U.S. Interest Rates Could Soon Make New 2023 Highs” illustrated the daily the CBOE 30- year Treasury Yield chart (TYX) courtesy of Trading View. Subsequent action supports the theory of long – term U.S. interest rates movingContinue reading “U.S. Interest Rates Ready to Thrust Higher?”

U.S. Interest Rates Could Soon Make New 2023 Highs

The next U.S. FOMC decision on short-term U.S. interest rates is 09/20/23. Between now and then there’s likely to be considerable speculation on what action the FOMC could take. Rather than partake in a guessing game, focus on what’s happening at the long end of the U.S. interest rate curve. The daily CBOE 30 –Continue reading “U.S. Interest Rates Could Soon Make New 2023 Highs”