The S&P 500 (SPX) Elliott wave pattern suggest more downside action. The 30 – minute SPX chart courtesy of Trading View illustrates its presumed Elliott wave count since its all-time high on 12/06/24. The SPX since 12/06/24 appears to be developing a series of “one’s” and “two’s” to the downside. This is a very bearishContinue reading “Fascinating Elliott Wave Patterns – 12/20/24”
Category Archives: Uncategorized
U.S. Stocks Ready to Bounce?
This websites prior blog noted the S&P 500 (SPX) had ended the 12/18/24 main session near two support levels. The daily SPX chart courtesy of Trading View updates the action. The SPX on 12/19/24 failed to break below the upper line of the Ichimoku Cloud and chart support at 5.853.01. The 15 – minute SPXContinue reading “U.S. Stocks Ready to Bounce?”
Gold Downside Forecast – December 2024
Gold could make a bottom very late in 2024 or early 2025. The daily Gold Continuous Futures (GC1!) courtesy of Trading View illustrates its action since March 2024. On 10/31/24 Gold Futures peaked at 2,801.20, the subsequent 10 – trading day decline was a five – wave Elliott Impulse pattern. If so, this couldContinue reading “Gold Downside Forecast – December 2024”
U.S. Interest Rates Surge Higher
With anticipation of a U.S. FOMC short -term rate cut next week, longer – term U.S. rates are rising. The weekly CBOE 30- Year Treasury Bond Yield (TYX) chart courtesy of Trading View illustrates the long-term Elliott wave count. From March 2020 to October 2023 TYX rallied in a clear five wave extended Impulse pattern. Continue reading “U.S. Interest Rates Surge Higher”
Tesla Revival
Tesla Inc. (TSLA) was lagging the broader U.S. stock market, now its emerging as a leader. This renewed strength could extend the rally in U.S. stocks. The main characteristic of the U.S. stock market in 2024 has been narrow leadership. While many stocks have failed to make new 52-week highs, a small minority, particularly theContinue reading ” Tesla Revival”
Bitcoin Breakthrough – 12/05/24
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”
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”
Four Dimension Trading 