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Declining into Support

Today 03/31/22 the S&P 500 (SPX) closed at the low of the day in the largest and longest correction since the 03/14/22 bottom.  The 15-minute SPX chart courtesy of Trading View illustrates the recent action. The 03/21/22 blog “S&P 500 – Fibonacci Time Connection Between 2010 and 2022.  Illustrated that an Elliott wave – HorizontalContinue reading “Declining into Support”

    Short – Term Top Could be in Place 03-22-22

On 03/22/22 the S&P 500 (SPX) may have completed a short-term top. The 15-minute SPX chart courtesy of Trading View illustrates the short -term Elliott wave count. There’s a  five – wave impulse pattern up from the presumed Primary wave “4” Horizontal Triangle termination  point.  Within the five-wave structure Minor wave “5” is  close 50%Continue reading ”    Short – Term Top Could be in Place 03-22-22″

S&P 500 – Fibonacci Time Connection Between 2010 and 2022

The 03/15/22 blog “S&P500 – Fibonacci Time Analysis 03-15-22” noted that there could be a Fibonacci time relationship between the S&P 500 (SPX) presumed Primary wave “2” decline April to June 2010 with the SPX January to March 2022  Primary wave “4” decline.  On 03/15/22 it looked like the SPX decline from 01/04/22  was anContinue reading “S&P 500 – Fibonacci Time Connection Between 2010 and 2022”

Detailed Examination of an Ending Diagonal Triangle

The prior blog illustrated a presumed Elliott wave – Expanding Flat correction for the S&P 500 (SPX)  that’s been developing since November 2021.  This blog zooms in on the third part  of the Expanding Flat.   This  phase began at the all-time high in early January 2022 and appears to be an Elliott wave – EndingContinue reading “Detailed Examination of an Ending Diagonal Triangle”

Expanding Flat Could be Nearing Completion

Elliott Wave – Ending Diagonal Triangles (EDT) are  termination  patterns that appear only in the fifth wave positions of motive waves and in wave “C” of corrective waves.  They frequently show up in the  “C” wave of Expanding Flats. The hourly S&P 500 (SPX) chart courtesy of Trading View illustrates an  Expanding Flat that beganContinue reading “Expanding Flat Could be Nearing Completion”

      Examination of US and German Stock Markets

After the 02/24/22 bottom US stocks appeared to be poised for a rapid move up, but after two days a trading range developed. Meanwhile,  German stocks as  measured by the DEU40 have continued to make new decline lows. Evidence from the DEU40 could be providing clues as  to the near-term direction for the global stockContinue reading ”      Examination of US and German Stock Markets”

S&P 500 – Target Top – 4920

Several recent blogs have noted that the S&P 500 (SPX) could be headed towards major Fibonacci resistance at SPX 4889.  This projection was based upon the presumed SPX – Primary wave “4” termination point made in late October 2020.  The January to February 2022 decline may have changed the long-term SPX – Elliott wave count.Continue reading “S&P 500 – Target Top – 4920”

S&P 500 – Long -Term Elliott Wave Count – 02-25-22

If the S&P 500 (SPX) can soon make a new all -time high, where does the January to February 2022 decline fit in the long-term Elliott wave count?  An examination of the secular bull market rallies and declines reveal some fascinating clues. The SPX – monthly chart courtesy of Trading View illustrates the most likelyContinue reading “S&P 500 – Long -Term Elliott Wave Count – 02-25-22”

S&P 500 Bullish and Bearish – Elliott Wave Counts

On 02/18/22 the S&P 500 (SPX) decline to the edge of what could be  important support. The daily SPX chart courtesy of Trading View illustrates a bullish Elliott wave count. The 02/17/22 blog “Potential Stock Buying Opportunity on 02-18-22” noted that an Elliott wave – Horizontal Triangle may have been completed on 02/17/22.  The keyContinue reading “S&P 500 Bullish and Bearish – Elliott Wave Counts”