Uncategorized – Page 23 – Four Dimension Trading

UK 100 Rollover

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!” The 04/02/23 blog “Britannia Rules the Elliott Waves” noted that after 02/16/23 “The decline was in a five- wave impulse which implies it’s the first wave down of a largerContinue reading “UK 100 Rollover”

Crude Oil Update – 05/05/23

The 04/16/23 blog “Crude Oil Elliott Wave Pattern – 04/14/23” illustrated that a Primary degree bottom for Crude Oil was probably made at the 03/20/23 bottom. About one week after that bottom Saudi Arabia announced an Oil production cut which pushed prices even higher. The 04/16/23 blog noted “The current rally and potential rally laterContinue reading “Crude Oil Update – 05/05/23”

Expanding Flat Correction Complete – Part – Two

Additional evidence that an Elliott wave – Expanding Flat correction probably completed at the S&P 500 (SPX) 05/04/23 bottom. The chart illustrates a textbook Elliott wave – Expanding Flat. The pattern when correcting bull moves is composed of three – waves down, three waves up, and five waves down. The SPX – 15-minute chartContinue reading “Expanding Flat Correction Complete – Part – Two”

Expanding Flat Correction Complete – 05/04/23

The 05/03/23 blog “Wild Oscillations” noted that the Fibonacci Inverse ratio of 1.145 was a characteristic of an Elliott wave – Expanding Flat or a Running Horizontal Triangle. Today 05/04/23 the S&P 500 (SPX) completed what appears to be an Expanding Flat. The SPX – 30 – minute chart courtesy of Trading View illustrates theContinue reading “Expanding Flat Correction Complete – 05/04/23”

Wild Oscillations

Since 04/25/23 the S&P 500 (SPX) has experienced dramatic swings up and down. On 04/25/23 the SPX had a powerful move down breaking strong support. Then suddenly on 04/27/23 a huge move up that pushed the SPX to a new post 03/13/23 rally high. Finally, just after the open of the SPX 05/02/23 session, aContinue reading “Wild Oscillations”

UK 100 Secondary Top Could be in Place – 04/27/23

The 04/23/23 blog “UK 100 at Sell Point? – 04/21/23” noted the UK 100 (UKX) had reached an area of chart resistance. Since then, the peak at 7,936 has held. The daily UKX chart courtesy of Trading View updates the action. Price has begun to rollover. The daily RSI has crossed below it’s movingContinue reading “UK 100 Secondary Top Could be in Place – 04/27/23”

Alphabet Inc. Could Signal an S&P 500 – Shorting Opportunity

It’s possible the S&P 500 (SPX) completed an Elliott wave – Inverse Horizontal Triangle, if so a multi- month decline may have begun. However, one important company Alphabet Inc. (GOOG) could be poised for a culminating rally. The daily SPX chart courtesy of Trading View illustrates its prime Elliott wave count since January 2022. TheContinue reading “Alphabet Inc. Could Signal an S&P 500 – Shorting Opportunity”

UK 100 at Sell Point? – 04/21/23

The 04/19/23 blog “UK 100 Near Sell Point – 04/19/23” noted “The UKX has reached the resistance zone and a small rally could complete the Minor wave “2” formation.” The 3 – hour UK 100 (UKX) chart courtesy of Trading View updates the action. The upper end of chart resistance was estimated to be 7,975,Continue reading “UK 100 at Sell Point? – 04/21/23”

The Next S&P 500 Support Level – Part – Two

The 04/20/23 blog noted that the S&P 500 (SPX) had two Fibonacci support levels. One at 4,107.81 and the other at 4,108.06. On 04/21/23 the SPX low was at 4,113.86 only 5.80 points from the prime Fibonacci coordinate. The SPX – 5 – minute chart courtesy of Trading View updates the action. The Elliott waveContinue reading “The Next S&P 500 Support Level – Part – Two”

UK 100 Near a Sell Point -04/19/23

The 04/02/23 blog “Britannia Rules the Elliott Waves” noted that if the UK 100 (UKX) exceeded a .618 retracement of the 02/16/23 to 03/20/23 decline – the next resistance was at 7,850 to 7,975. The 3-hour UKX chart courtesy of Trading View updates the action. The UKX has reached the resistance zone and a smallContinue reading “UK 100 Near a Sell Point -04/19/23”