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On 11/09/20 the S&P 500 (SPX) may have completed an Elliott five wave extended impulse pattern from the bottom made on 10/30/20. The hourly SPX chart courtesy of Trading View illustrates the action from the 10/30/20 bottom. The tricky part of the wave count is the supposed Minuette wave (v).  This could be a TruncatedContinue reading “S&P 500 Could be in Short – Term Decline”

Today 10/30/20 the S&P 500 (SPX) made a new low for the decline from its secondary high made on 10/12/20. The Dow Jones Transportation Average (DJT) which made an all-time high on 10/20/20 did not make a new decline low and held above its 10/29/20 bottom.  This stronger performance relative to the SPX hints theContinue reading “Dow Jones Transportation Average – An Important Bottom?”

The previous post examined the weekly Elliott Wave count of Zoom Video Communications Inc.  stock symbol (ZM).  After a stock has increased more than seven times in ten months some analysists could state the stock had reached its peak.  Perhaps this is true for ZM, however there could be one more buying opportunity. The hourlyContinue reading “Profiting From Zoom”

The prior post focused on Exchange Traded Fund – XLP  as a guide to help with the Elliott Wave count for the US stock market.  The following weekly chart courtesy of Trading View shows an individual stock which so far has  a textbook Elliott Wave pattern. Sometimes small cap stocks involved in speculative buying maniasContinue reading “Additional Elliott Wave Confirmation”

Elliott Wave analysis provides a roadmap of where a market or a stock could potentially be in its cycle.  When studying the stock market, the S&P 500 (SPX) because of its large capitalization and following usually has the clearest Elliott Wave patterns.  Analysis is enhanced by comparing the wave counts of one stock index vs.Continue reading “The Clearest Elliott Wave Roadmap”

Sometimes in Elliott Wave analysis its difficult to differentiate wave degree, this happens when one movement is smaller/larger than waves of the same degree.  This appears to be the case soon after the S&P 500 (SPX) bottom of 9/24/20.  The first rally and decline could be the first two waves of a five wave ElliottContinue reading “Important S&P 500 Bottom on 10/7/20?”

Our thoughts and prayers go out to US President Donald Trump and First Lady Melania Trump for a rapid recovery from the Coronavirus. This unexpected event trigger a panic in the financial markets and altered the near-term direction of the US stock market.  My previous post “S&P 500 Continues to Rise” gave a recommendation toContinue reading “Market Situation After Unexpected Event”

The posts on this site have examined the history of US stocks over the period of two centuries down to the last few years.  Now it’s time to focus on the most recent actions, in particular the sharp decline in US stocks September 2 to 4, 2020.  The first daily S&P 500 (SPX) chart fromContinue reading “S&P 500 – Near Term Activity”

Within the time dimension there are several methods to determine market turn points.  Seasonality and periodic time cycles are two of the more common ways, however they lack precision.   Fibonacci time cycles, while unknown to many market analysts, can at times be incredibly accurate.  R.N Elliott discoverer of the Wave theory also found that marketsContinue reading “Forecast – Bull Market Termination Date – 2021”

Today, August 18, 2020 the S&P 500 (SPX) broke above its February 2020 top to make a new all-time high.  My April 1, 2020 Trading View SPX post speculated a new bull phase was underway that could continue until sometime in 2021.  Todays breakthrough is an important confirmation of the forecast.  Today’s new all-time highContinue reading “Long-Term Forecast to the Year – 2043”