An important peak for U.S. stocks could be in place. The hourly S&P 500 (SPX) chart courtesy of Trading View updates the action. The 06/27/25 blog “It’s the Final Countdown!” noted that the SPX could make a new high and possibly peak in the first hour of trading on 06/30/25. The price range for aContinue reading ” A Turn in the Tide? – 07/01/25″
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It’s the Final Countdown!
On June 30, 2025, the S&P 500 (SPX) could complete the final wave of an Elliott pattern that began in March 2020. The 15 – minute SPX chart courtesy of Trading View examines the rally that began on 06/23/25. The fifth Minute degree wave of the presumed Elliott wave impulse that began on 06/23/25 couldContinue reading “It’s the Final Countdown!”
Fibonacci Resistance Zone
The S&P 500 (SPX) is near three important Fibonacci coordinates and could make a significant peak on 06/27/25. The weekly SPX chart courtesy of Trading View illustrates long – term Fibonacci resistance. Within Elliott motive waves there’s usually a Fibonacci relationship between the first and fifth waves. When measuring larger percentage movements, it’s usually moreContinue reading “Fibonacci Resistance Zone”
Five – Year Elliott Impulse Wave
The S&P 500 (SPX) could soon be completing a five – year Elliott Impulse wave that began in March of 2020. The weekly SPX chart courtesy of Trading View illustrates the long – term picture. The SPX could be completing a presumed Intermediate wave (5) up from the major bottom made in March 2020. AContinue reading “Five – Year Elliott Impulse Wave”
Reaction to Big News
The U.S. attack on the Iranian nuclear facility was HUGE news. Presumably the escalation of violence in the middle east could trigger a large global stock decline. It did not. The S&P 500 (SPX) opened the 06/23/25 session above the 06/20/25 session close, then rallied for 50 – minutes. During the subsequent decline SPX wentContinue reading “Reaction to Big News”
Termination Patterns Completed
All three of the main U.S. stock indices; S&P 500 (SPX), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) have completed upside Elliott wave – Ending Diagonal Triangles (EDT). There’s a high probability these indices could soon reach the bottoms made on 05/23/25. The one – hour SPX chart courtesy of Trading View updatesContinue reading “Termination Patterns Completed”
Crude Oil Spike Up – 06/13/25
The Israel attacks on Iran triggered a seven percent move up in Crude Oil price. This surge could be the early part of a multi-month bull market. The monthly Crude Oil – Continuous contract (CL2!) chart courtesy of Trading View illustrates the long-term view. A three-year Crude Oil bear market may have concluded at theContinue reading “Crude Oil Spike Up – 06/13/25”
Important Support and Resistance Levels for U.S. Stocks
Elliott wave patterns for the S&P 500 (SPX) reveal important points to watch on 06/09/25. After the 04/07/25 U.S. stock market bottom the Nasdaq 100 (NDQ) was leading the way higher. In mid – May – NDQ had a subtle sign of weakness. On 05/16/25 the S&P 500 (SPX) made a new rally high thatContinue reading “Important Support and Resistance Levels for U.S. Stocks”
Short-Term Bullish and Bearish S&P 500 Scenarios – 05/31/25
Elliott wave analysis reveals two courses the S&P 500 (SPX) could take in the coming days. First an update on the SPX action that was illustrated in the 05/29/25 blog. The 15 – minute SPX chart courtesy of Trading View shows what happened. On 05/29/25 the SPX broke below its prior day bottom. Normally aContinue reading “Short-Term Bullish and Bearish S&P 500 Scenarios – 05/31/25”
Stock Market Bulls Stike Back – 05/29/25
This website’s 05/25/25 blog illustrated that the S&P 500 (SPX) had a potentially bearish Elliott wave count. As it turns out the SPX – 200 – day Simple Moving Average (SMA) line support held. The daily SPX chart courtesy of Trading View illustrates what happened. Most of the time a market or stock will trendContinue reading “Stock Market Bulls Stike Back – 05/29/25”