markrivest

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About me Independent investment advisor, trader and writer. Have written articles for Technical Analysis of Stocks & Commodities, Traders.com Advantage, Futuresmag.com and Finance Magnates.
Last visit Joined 3 months ago www.linkedin.com/in/mark-rivest-70401b47
Markets Allocation
19 % indices 9 % stocks 1 % commodities 71 % other
Top Mentioned Symbols
TVC:SPX 32% | 23 INDEX:SPX 14% | 10 DJI 12% | 9 UKX 10% | 7
markrivest markrivest DJI, 15, Short , 2 hours ago
DJI: DJIA Could Have Terminating Move Up on 12/5/16
5 1 1
DJI, 15 Short
DJIA Could Have Terminating Move Up on 12/5/16
The move down from the DJIA high at 19225 has been choppy and shallow - it appears to be a Horizontal Triangle. If its complete we can expect a sharp thrust up on 12/5/16. If so the rally may not last very long or go very much above 19225. The SPX and Nasdaq would likely rally with the DJIA and probably fail to ...
markrivest markrivest USO, D, Short , 9 hours ago
USO: USO/Crude Oil Could be Completing a Horizontal Triangle
28 1 3
USO, D Short
USO/Crude Oil Could be Completing a Horizontal Triangle
Two months ago both USO and Crude Oil appeared to be forming Horizontal Triangles from the February bottom. The pattern was subsequently validated. Now the possibility of a Horizontal Triangle has reappeared. If USO holds below 11.79 it will remain valid. A break over 11.79 will invalidate the pattern and opens ...
markrivest markrivest JJC, D, Short , 11 hours ago
JJC: High Reward Low Risk JJC/Copper Short
11 1 1
JJC, D Short
High Reward Low Risk JJC/Copper Short
The market with the clearest Elliott wave pattern, momentum divergence and sentiment extreme is Copper! This is an update to my JJC post last week. Since then the Elliott wave pattern has completed and turned down in the forecasted Fibonacci resistance area. There are clear RSI and MACD bearish divergences. The ...
markrivest markrivest IXIC, 15, Short , 2 days ago
IXIC: Nasdaq Bear Market Update
19 2 4
IXIC, 15 Short
Nasdaq Bear Market Update
My post on 11/30/16 noted that the Nasdaq had completed five waves down with bullish momentum divergences and to expect a rally on 12/1/16. On 12/1/16 the Nasdaq continued lower in an impulsive manner. Again it counts as a completed five wave pattern with bullish divergences. Assuming the pattern is complete a ...
markrivest markrivest IXIC, 15, Short , 2 days ago
IXIC: Watch the Nasdaq On December 1, 2016
41 0 4
IXIC, 15 Short
Watch the Nasdaq On December 1, 2016
My last post noted a possible SPX top. The wave count I illustrated was invalidated in the first five minutes of trading on 11/30/16. The SPX went on to make a new marginal all-time high and subsequently declined in what looks very much like a Double Zigzag correction. This patter implies at least another ...
markrivest markrivest SPX, 15, Short , 4 days ago
SPX: Possible SPX Top in Place
167 2 7
SPX, 15 Short
Possible SPX Top in Place
Today 11/29/16 the Nasdaq Composite made a new 2016 high that was unconfirmed by the other two main US stock indices; DJIA and SPX. This combined with the VIX non confirmation, FTSE bearish pattern and evidence of a significant Copper peak indicate US stocks may have reached an important top. The SPX high on ...
markrivest markrivest UKX, 15, Short , 4 days ago
UKX: FTSE In Early Phase of Decline
10 0 1
UKX, 15 Short
FTSE In Early Phase of Decline
My last FTSE post illustrated a possible Horizontal Triangle complete pointing to a continuation of the corrective rally. Today 11/29/16 the Horizontal Triangle was eliminated. It now appears that the corrective pattern is complete at 6880. and the next wave down has begun. If the wave count down from 6880 is ...
markrivest markrivest UKX, 15, 5 days ago
UKX: FTSE Corrective Rally Still Under Construction
26 0 4
UKX, 15
FTSE Corrective Rally Still Under Construction
The FTSE appears to be still forming a complex corrective pattern. It looks like a Horizontal Triangle wave "X" was completed on 11/28/16. If so we can expect another "A-B-C" rally up to at least the .618 resistance at 6887.40 If that doesn't hold many times after completion of a Horizontal Triangle, the ...
markrivest markrivest SPX, 15, Short , 6 days ago
SPX: SPX Intra Day Wave Count Nearly Complete
103 1 8
SPX, 15 Short
SPX Intra Day Wave Count Nearly Complete
I'm focusing on the SPX intraday wave count because within the last two trading days the wave count has become much clearer. Note that from the bottom made on 11/23/16 a clear extended five wave pattern is near completion. About a three to five point decline followed by a rally to a new high will complete a larger ...
markrivest markrivest SPX, D, Short , 6 days ago
SPX: SPX Resistance Zone
193 2 10
SPX, D Short
SPX Resistance Zone
The SPX since the 8/15/16 top could be forming an Elliott wave Expanding Flat. In this corrective pattern the initial decline is in three waves followed by a three wave rally that exceeds the point of origin of the three wave decline. In this case its the SPX top at 2193.80 made on 8/15/16. In Expanding Flats ...
markrivest markrivest UKX, 15, Short , 7 days ago
UKX: FTSE Corrective Pattern Top Could Be In Place
32 2 4
UKX, 15 Short
FTSE Corrective Pattern Top Could Be In Place
This is an update to the FTSE 15 minute charts I posted more than a week ago. If you want to learn Elliott wave theory observing FTSE - UKX since 11/10/16 is a great place to start. There is a very smooth and fast five wave decline followed by a very slow and choppy corrective pattern, in this case a Double ...
markrivest markrivest JJC, D, Short , 7 days ago
JJC: Tremendous Evidence Indicates Important JJC/Copper Peak
37 0 5
JJC, D Short
Tremendous Evidence Indicates Important JJC/Copper Peak
The Copper ETF- JJC has a very clear Elliott wave pattern and appears to be near completion of a Double Zigzag that began in January 2016. Additional evidence that suggests a top. 1) RSI is in the overbought zone with a bearish divergence. 2) MACD Histogram has a bearish divergence. 3) The nearest Copper futures ...
markrivest markrivest VIX, D, 7 days ago
VIX: VIX Divergence With SPX
74 2 3
VIX, D
VIX Divergence With SPX
On 11/25/16 the SPX made a new closing high. The VIX failed to go below the low it has made in the last three trading days. This is a signal the SPX is nearing a top. There's additional evidence of stocks topping which I'll detail in later posts. Mark
markrivest markrivest VIX, 60, 9 days ago
VIX: How to Use the VIX Intraday
119 2 3
VIX, 60
How to Use the VIX Intraday
At the close of trading November 23rd the hourly VIX had a divergence vs. the SPX higher high. This implies a top could be near for the SPX. Watch the Intraday VIX on November 25th. If the divergence continues it will be more evidence that the SPX could be about to turn down, especially if after the close the ...
markrivest markrivest VIX, D, 9 days ago
VIX: How to Use the VIX to Find Stock Market Tops
86 0 5
VIX, D
How to Use the VIX to Find Stock Market Tops
The VIX is a great tool to find SPX bottoms, especially if you use Bollinger Bands with the VIX. Note how the SPX is at or near a bottom when the VIX spikes above the upper Bollinger Band. Finding SPX tops is different. Many traders mistakenly think that when the VIX is reaching a bottom it signals an SPX top. ...
markrivest markrivest DJI, 15, Short , 11 days ago
DJI: DJIA In Final Rally Stage
58 3 3
DJI, 15 Short
DJIA In Final Rally Stage
The DJIA appears to be nearing the peak of the post Horizontal Triangle rally. There's some doubt as to where the Horizontal Triangle ended. The second bottom made on 11/18/16 looks like the better of the two because the sharp move up after that bottom is more in the nature of what usually happens after a ...
markrivest markrivest DJI, 15, Short , 12 days ago
DJI: DJIA Horizontal Triangle Complete - Top Soon
72 4 5
DJI, 15 Short
DJIA Horizontal Triangle Complete - Top Soon
Today 11/21/16 the DJIA moved above 18934.10 confirming completion of an Elliott wave Horizontal Triangle. The DJIA is now in wave (5). Usually after a Horizontal Triangle the post triangle move up, the 5th wave is equal to the widest part of the triangle. In this triangle it is 128.00 added to the wave (4) ...
markrivest markrivest DJI, 15, Short , 15 days ago
DJI: DJIA base before final rally
76 1 5
DJI, 15 Short
DJIA base before final rally
The Elliott wave Horizontal Triangle pattern that was illustrated in my 11/16/16 post appeared to be complete. Today 11/17/16 the DJIA choppy side ways pattern continued. There are two possible termination points, the first one is at DJIA 18,845.30 - this would be a five wave Horizontal Triangle. The second ...
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