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”
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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”
The Triangle Phenomenon
The 10/17/24 blog “Mixed Signals – Part – Two” illustrated that the Russell 2000 (RUT) may have completed an Elliott wave – Ending Diagonal Triangle” from its 08/05/24 bottom. Amazingly one of the three main U.S. stock indices and a major stock may have also completed the same pattern. The 4 – hour Nasdaq CompositeContinue reading ” The Triangle Phenomenon”
Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24
The 09/15/24 blog “Microsoft and Alphabet Inc. Elliott Wave Patterns” illustrated resistance zones where both stocks could peak. Subsequently their respective upper price targets have been reached and new declines have begun. The daily Microsoft (MSFT) chart courtesy of Trading View shows the Elliott wave count since its 07/05/24 peak. MSFT – 07/05/24 to 08/05/24Continue reading “Microsoft and Alphabet Inc. Elliott Wave Patterns – 10/18/24”
Mixed Signals – Part – Two
Trading of U.S. stocks on 10/17/24 was almost the opposite of what happened on 10/15/24. Today 10/17/24 the Russell 2000 (RUT) ended the session down while the Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) ended up on the day. S&P 500 (SPX) was marginally down. On 10/15/24 the RUT was up on theContinue reading “Mixed Signals – Part – Two”
Mixed Signals – 10/16/24
The S&P 500 (SPX) bullseye target for a long-term Fibonacci time cycle was 10/11/16. On 10/14/24 one trading day later SPX made a new all-time high. The next day SPX failed to make a new high, and of the three main U.S. stock indices only the Dow Jones Industrial Average (DJI) made a new high.Continue reading “Mixed Signals – 10/16/24”
Long-Term S&P 500 – Elliott Wave Count – 09/20/24
The S&P 500 (SPX) may have completed an extended Elliott five wave pattern from the October 2022 bottom. The weekly SPX chart courtesy of Trading View updates the action. The move up from October 2022 to January 2023 is a series of one’s and two’s which is the basing pattern for a long and powerfulContinue reading “Long-Term S&P 500 – Elliott Wave Count – 09/20/24”
Four Dimension Trading 