Today 01/22/25 the S&P 500 (SPX) made a new all-time high unconfirmed by the Dow Jones Industrial Average (DJI) and the Nasdaq Composite. This by itself is a potentially very bearish momentum signal. The daily SPX chart courtesy of BigCharts.com updates its action. BigCharts.com – Slow Stochastic indicator is very effective in discovering potential trendContinue reading “All – Time High S&P 500 – 01/22/25”
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The MAGA Rallies
After the election of Donald Trump as U.S. President on 11/05/24 the Dow Jones Industrial Average (DJIA) rallied for 19- trading days. Currently the DJIA is rising just prior to Trump’s inauguration as President on 01/20/25. Could this latest “Make America Great Again” (MAGA) rally be the start of a multi- month bull market orContinue reading “The MAGA Rallies”
Dow Jones Industrial Average Bearish Elliott Wave Pattern
An amazingly clear Elliott wave patter for the Dow Jones Industrial Average (DJI) indicates U.S. stocks could soon make a very important peak. Most of the time the S&P 500 has the clearest Elliott wave patterns. Since early December 2024 the DJI has the clearest Elliott wave count supported by extraordinary Fibonacci relationships. The hourlyContinue reading “Dow Jones Industrial Average Bearish Elliott Wave Pattern”
A Golden Triangle?
Gold in U.S. dollars since the late October 2024 peak appears to be forming an Elliott wave – Horizontal Triangle. Elliott wave – Horizontal Triangles are corrective formations composed of five sub waves. Each sub wave further subdivide into three wave or a combination of three wave patterns. They are net sideways movements and formContinue reading “A Golden Triangle?”
U.S. Stock Market Short-Term Rise Complete?
The 01/02/25 blog “Probable Short-Term Rise for U.S. Stocks – 01/02/25” noted “Near – term the bulls appear poised for a rebound”. The subsequent rally only lasted two trading days, and on 01/10/25 the rise was completely retraced. Is the new low the start of a major move down? Momentum evidence reveals some interesting clues,Continue reading “U.S. Stock Market Short-Term Rise Complete?”
Gold Elliott Wave Count – 01/03/25
The 12/15/24 blog “Gold Downside Forecast – December 2024” noted Gold Continuous Futures could reach 2,500 to 2,450 in late December 2024. Price subsequently declined, then rallied. Elliott wave analysis and the Ichimoku Cloud indicator provide clues to what may happen in the coming weeks. The daily Continuous Gold Futures (GC1!) courtesy of Trading ViewContinue reading “Gold Elliott Wave Count – 01/03/25”
Long- Term S&P 500 – Elliott Wave Count – 01/01/25
There’s a high probability that the October 2022 to December 2024 – S&P 500 (SPX) bull market is a completed Elliott wave extended Impulse pattern. The weekly SPX chart courtesy of Trading View updates the long- term action. After the October 2022 bottom the SPX formed a series of “one’s and two’s” This pattern isContinue reading “Long- Term S&P 500 – Elliott Wave Count – 01/01/25”
U.S. 10 Year Treasury Note – Bearish Forecast
In March of 2020 the U.S. 10 Year Treasury Note made a major top. The subsequent decline lasted more than three years. The rally from October 2023 to September 2024 has the characteristics of a bounce within a still developing secular bear market. The move down from the September 2024 peak could be the startContinue reading “U.S. 10 Year Treasury Note – Bearish Forecast”
U.S. Stocks Move Down – 12/27/24
This websites prior blog illustrated that the S&P 500 (SPX) had reached Fibonacci and overhead resistance and noted. “The wave “c” of a presumed Elliott Wave – Single Zigzag may have terminated on 12/26/24”. The 60-minute SPX chart courtesy of Trading View shows what happened. All three of the main U.S stock indices had significantContinue reading “U.S. Stocks Move Down – 12/27/24”
Santa Claus Rally – 12/26/24
The 12/24/24 blog “Fascinating Elliott Wave Patterns – 12/24/24” noted. “The sharp rally on 12/20/24 could be the “a” wave of an Elliott wave – Single Zigzag. If so, there’s a good chance for the SPX to rally beyond its 12/19/24 high sometime on 12/23/24 or 12/24/24.” The wave “c” of a presumed Elliott WaveContinue reading “Santa Claus Rally – 12/26/24”