The national stock index with the clearest Elliot wave pattern since October 2022 has been the UK 100 (UKX). The following list of blogs chronicles the UKX amazing progress. The 03/13/23 blog “Major UK 100 Top is Probably in Place” noted “On 02/16/23 the UK 100 reached 8,047, this could be a major top!” TheContinue reading “UK 100 Could be Collapsing.”
Category Archives: Uncategorized
Bearish Signals From the German Stock Index
The German Stock Index (DEU40) appears to be in the early phase of a significant bear move. The daily DEU40 chart courtesy of Trading View illustrates the action. In mid – June 2023 the DEU40 made a new all-time high. The pattern up from September 2022 bottom counts as an Elliott – five wave Impulse. Continue reading “Bearish Signals From the German Stock Index”
Vietnam 30 Stock Index Hits Powerful Resistance
The FTSE Vietnam 30 Stock Index (VN30) has reached and moved down from potentially powerful resistance. This could be additional evidence that the next wave down of a global stock bear market may have begun. Fibonacci retracement points are like magnets for price. After price reaches a Fibonacci level its frequently becomes a barrier. InContinue reading “Vietnam 30 Stock Index Hits Powerful Resistance”
Start of the Final Rally?
The 06/21/23 blog “Shallow Correction – 06/21/23” noted the SPX could bottom in the 4,330 area. On 06/26/23 the SPX bottomed out at 4,328.08. The SPX 30- minute chart courtesy of Trading View updates the action. The decline after the peak labeled Minuette wave (b) was an Elliott wave – Ending Diagonal Triangle (EDT). AfterContinue reading “Start of the Final Rally?”
Probable Short-Term Bottom – 06/26/23
Today 06/26/23 the S&P 500 (SPX) ended the session down 19.50 points, with 67% of NYSE stocks advancing vs. 32% stocks declining. This bullish divergence implies the SPX may have made a short – term bottom today or could bottom early on 06/27/23. The SPX 15 – minute chart courtesy of Trading View updates theContinue reading “Probable Short-Term Bottom – 06/26/23”
U.S. Stocks Thrusting Up
Several weeks ago, it appeared the S&P 500 (SPX) could be forming an Elliott wave – Inverse Horizontal Triangle from the 06/17/22 bottom. This wave count is now invalid. Recently this website noted that the SPX may be forming an Elliott wave – Ending Diagonal Triangle from the 10/13/22 low. This wave count could stillContinue reading “U.S. Stocks Thrusting Up”
Closer to a Top Than a Bottom
The action of U.S. stocks continues to be amazing. On 06/09/23 the S&P 500 (SPX) ended the session up from the prior session close. Yet for most of the trading day more stocks on the NYSE declined than advanced. At the close of the 06/09/23 session 33% of NYSE stocks advanced vs. 64% declining. It’sContinue reading “Closer to a Top Than a Bottom”
Bullish Resuscitation
For more than a month the U.S. stock market momentum has been weakening. As the market climbed it seemed to be gasping and wheezing as fewer stocks participated with each uptick. Death of the rally appeared imminent. Then on 06/02/23 the U.S. May Payroll report showed the economy was stronger than expected – theContinue reading “Bullish Resuscitation”
This Could be the Start of Something Big
The something big could be a multi – month decline to at least the S&P 500 (SPX) October 2022 bottom. The SPX 15 –minute chart courtesy of Trading View examines the short – term picture. The SPX drop from its 05/19/23 top appears to be a developing Elliott impulse wave and today, 05/24/23 broke belowContinue reading “This Could be the Start of Something Big”
U.S. Stock Indices – Elliott Wave Update
Recently the S&P 500 (SPX) moved above its 05/01/23 peak and invalided one of several alternate Elliott wave counts. What has not been invalidated is the probability that the U.S. stock market could be on the verge of a multi-month decline. Elliott wave counts for the SPX and Dow Jones Industrial Average (DJI) provide cluesContinue reading “U.S. Stock Indices – Elliott Wave Update”
Four Dimension Trading 