Today 12/05/24 Bitcoin in U.S. dollars (BTCUSD) reached 100,000! The daily chart courtesy of Trading View shows the action. BTCUSD went as high as 104,000 before reaching a peak. This is on the far side of the leeway around 100,000. This factor plus what appears to be an incomplete Elliott wave pattern opens the doorContinue reading “Bitcoin Breakthrough – 12/05/24”
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Bitcoin 100,000!
On 11/22/24 Bitcoin (BTCUSD) reached 99,860 close to a major round number 100,000. Could this number represent significant resistance? An examination of BTCUSD history reveals some fascinating data. The monthly BTCUSD chart courtesy of Trading View shows the long-term view since its inception in December 2014. Each of the three important BTCUSD peaks came closeContinue reading “Bitcoin 100,000!”
Dow Jones Industrial Average – Long – Term Elliott Wave Count – 11/22/24
The Dow Jones Industrial Average (DJI) could soon complete and an Elliott wave pattern that began in October 2022. The weekly DJI chart courtesy of Trading View illustrates the long – term action. The DJI could be in the final part of an extended Elliott Impulse wave that began in October 2022. For stocks theContinue reading “Dow Jones Industrial Average – Long – Term Elliott Wave Count – 11/22/24”
Nvidia Corporation – Long -Term Elliott Wave Count 11/21/24
On 11/20/24 Nvidia Corporation (NVDA) released their third quarter of 2024 financial results. They beat revenue expectations by 5.96%. On 11/21/24 NVDA reached a new all-time high and ended the session up by .78% from the prior session closing price. The weekly NVDA chart courtesy of Trading View illustrates the long -term Elliott wave count.Continue reading “Nvidia Corporation – Long -Term Elliott Wave Count 11/21/24”
Gold – Elliott Wave Count – 11/14/24
Gold may have completed the first wave down of a multi-month decline. The daily Gold Futures Continuous contract courtesy of Trading View updates the action. The Gold bull market from the October 2022 bottom appears to have made a Primary degree peak on 10/31/24. October 2024 top had a double bearish RSI divergence, and theContinue reading “Gold – Elliott Wave Count – 11/14/24”
Long – Term Elliott Wave Count for S&P 500 and Russell 2000
Comparison of the S&P 500 (SPX) and Russell 2000 (RUT) could provide clues to what may happen in 2025. The weekly SPX chart courtesy of Trading View illustrates the Elliott wave pattern from the October 2022 bottom. The post October 2022 bull market is a textbook extended Elliott wave Impulse pattern. This structure begins withContinue reading “Long – Term Elliott Wave Count for S&P 500 and Russell 2000”
Russell 2000 – Impulse Down – Part Three
The 10/26/24 blog “Russell 2000 – Impulse Down – Part Two” illustrated that the Russell 2000 (RUT) may have made an important short-term peak on 10/25/24. Subsequently RUT moved above the 10/25/24 top and reached 2,260 on 10/30/24. Momentum evidence continues to suggest that RUT could reach the 2,000 area in one to two weeks.Continue reading “Russell 2000 – Impulse Down – Part Three”
The Birth of a Bull Market?
The 09/06/24 blog “U.S. Treasury Yield Update – 09/06/24” had these comments. “The other factor that could contribute to TYX trending lower is the U.S. FOMC interest rate decision on 09/18/24. It’s widely expected that they will cut short-term interest rates by at least .25 basis points, perhaps more. This could be a classic caseContinue reading “The Birth of a Bull Market?”
Russell 2000 – Impulse Down – Part Two
The 10/24/24 blog “Russell 2000 – Impulse Down” illustrated that the Russell 2000 (RUT) could rally into a target zone between 2,235 and 2,255. The 5 – minute RUT chart courtesy of Trading View shows what happened. The rally after the 10/23/24 bottom is a clear Elliott wave – Single Zigzag pattern which is presumablyContinue reading ” Russell 2000 – Impulse Down – Part Two”
Russell 2000 – Impulse Down
The Russell 2000 (RUT) – small cap stock index could be in the early part of a rapid move down to the 08/05/24 bottom. The 10/17/24 blog “Mixed Signals – Part Two” illustrated that RUT may have completed an Elliott wave – Ending Diagonal Triangle (EDT). The daily RUT chart courtesy of Trading View updatesContinue reading “Russell 2000 – Impulse Down”
Four Dimension Trading 