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The S&P 500 stocks above their 20 – day moving average has reached near the levels of the SPX 2022 bear market. If not already peaked the SPX rally could terminate in one or two trading days.

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The S&P 500 (SPX) could soon have a cross of the 50 – day Simple Moving Average (SMA) below the 200 – day SMA. This is called a Death Cross and is usually the prelude to more decline. In this case after the crossing the SPX could drop to 4,500 in a few trading days.

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Tesla Inc. (TSLA) Elliott wave count implies more downside action. Daily Stochastic is overbought and implies Minor wave"4" could be complete. TSLA could make a significant bottom in the 150 to 175 area.

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When the 50 – day Simple Moving Average (SMA) crosses below the 200 – day SMA it’s called a “Death Cross” and frequently signals additional selling. The S&P 500 (SPX) is close to a Death Cross!

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Recent action of TSLA appears to be an Elliott Impulse wave. If so, this could mean more downside action. The most likely first downside target is in the 185 area. So far daily RSI is only marginally into the oversold zone. Please note the extremes RSI reached before a turn happened. MACD has only a small bullish divergence which also implies more downside...

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An Elliott – Impulse wave down from the S&P 500 (SPX) all-time high appears to be complete. If so, this could be the first wave of a larger developing bear trend. Evidence from the 15 – minute MACD and RSI support this theory. Both had bullish divergences at the 02/28/25 intraday bottom. This is a typical action after a fifth wave termination. There’s a good...

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The S&P 500 (SPX) appears to be forming an Elliott Impulse wave down from the all-time high made on 02/19/25. A short-term bottom in the 5,570 to 5,960 area on 02/25/25. Watch 30-minute RSI for possible bullish divergence.

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The S&P 500 (SPX) could be nearing completion of an Elliott wave – Ending Diagonal Triangle (EDT) that began after the 11/04/24 bottom. This formation is the terminal phase of a larger degree trend. Price frequently throws over the trendline connecting the peaks of the third and first waves. In this case the target zone is SPX 6,145 to 6,165. Time zone for...

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The S&P 500 (SPX) could be very near the completion of a 28 – month extended Elliott Impulse wave that began in October 2022. There are always alternate Elliott wave counts. Followers to my website will notice that the count illustrated in this post is slightly different to what was shown on the website. Both wave counts have the same message – a multi –...

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Attention – this is a Red Alert! This is a Red alert! The main three U.S. stock indices, S&P 500 (SPX), Nasdaq Composite (IXIC), and Dow Jones Industrial Average (DJI) have recorded a major bearish momentum divergence. In December 2024 all three indices recorded new all-time highs. Last week for several days only SPX reached a new all-time high. This...

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The Dow Jones Industrial Average (DJI) since it’s 12/04/24 all – time high has a very clear Elliott wave pattern. From 12/04/24 to 12/20/24 there is a clear five wave Impulse pattern. Followed by an Elliott wave – Expanding Flat correction. Primary target for a top is at the Fibonacci .618 retracement of the 12/04/24 to 01/13/25 decline. Right near this target...

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Since the late October to mid – November 2024 decline Gold has gone sideways and could be forming an Elliott wave – Horizontal Triangle. Within this structure there’s usually a Fibonacci relationship between alternate waves. In this case wave “D” is close to .618 of wave “B” Wave “C” is close to .618 of wave “A”. If the wave count is correct Gold could decline...

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Using the Ichimoku Cloud indicator is a great tool to determine long-term trends and occasionally trend changes. Note on the Gold chart price stayed below both cloud boundaries from May to November 2022. Then in mid-November price decisively moved above both cloud boundary lines. The size of the price move is a main clue of potential trend changes. In March...

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The S&P 500 (SPX) may have completed an extended Elliott - Impulse wave. The movement began in March 2009 and counts as complete at the December 2024 peak. Note the very long-term RSI double bearish divergence. If this count is correct the SPX could be in a bear market that lasts into 2026. Major support is the October 2022 bottom.

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On 01/02/25 the SPX made a maginal new low from its decline since early December 2024. The bears could not follow through on the break out. Hourly RSI and MACD had bullish divergences on the days low. A multi-day rally may have begun. If so it could provide a great opportunity to short stocks.

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My prior post noted an SPX area that could terminate the rally that began on 12/20/24. Subsequently the SPX rallied just above the target zone illustrated in the prior post. The rally termination point came just below the point were Sub Minuette wavr "a" equals sub minuette wave "c". The sharp decline on 12/27/24 appears to be the beginning of at least a...

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The S&P 500 (SPX) since its all-time high appears to be forming a series of "one's" and "two's " to the downside. This could be the prelude to a very large decline in early 2025. Short-term the SPX could rally into the low 6,000 area soon. If so his could be an important peak.

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Volume Profile puts market volume on a vertical axis. This allow you to discover support/resistance areas. The widest part of the profile is called Point of Control (POC). This is the level of strongest potential support/resistance. POC is at 5,790.00 which is close to a Fibonacci .382 retracement of the 08/05/24 to 12/17/24 rally. These two level imply...