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.
Joined
Markets Allocation
10 % indices 7 % stocks 2 % forex 81 % other
Top Mentioned Symbols
TVC:SPX 52% | 88 DJI 7% | 12 UKX 5% | 10 INDEX:SPX 5% | 10
markrivest markrivest SPX, D, Short ,
SPX: Confirmation of Very Important SPX Top
245 8 12
SPX, D Short
Confirmation of Very Important SPX Top

Today 6/20/17 the SPX moved down after hitting a very powerful Fibonacci resistance point at 2453. Please see my prior post on this subject. Daily RSI and Stochastics gave sell signals confirming the peak. Elliott wave count from the March bottom is complete. Initial downside target is in the SPX 2320 to 2340 area some time in mid July. This forecast comes ...

markrivest markrivest SPX, D, Short ,
SPX: Major SPX Fibonacci Resistance Target Hit!!!
210 4 11
SPX, D Short
Major SPX Fibonacci Resistance Target Hit!!!

My prior posts noted a 6 year Fib target at SPX 2454.10. Todays 6/19/17 high was less than 1 point from the target!!!!! There is another 2 year Fib target at SPX 2459. SPX daily RSI and MACD are bearish Daily VIX gave a bearish divergence signal today. Any SPX move up on 6/20/17 could be marginal. This could be the best opportunity to short stocks in ...

markrivest markrivest DJI, 30, Short ,
DJI: Nasdaq 100 Severe Bearish Divergence
172 6 9
DJI, 30 Short
Nasdaq 100 Severe Bearish Divergence

For several months the Nasdaq 100 (NDX) has been one of the strongest US stock indexes. Since the sharp drop on 6/9/17 the NDX has underperformed both the Dow Jones Industrial Average (DJIA) and the S&P 500. Very short term the DJIA appears to be completing an Elliott wave - Ending Diagonal Triangle. *see the trend lines on the DJIA bar chart. IMPORTANT! ...

markrivest markrivest SPX, 120, Short ,
SPX: SPX on Target to 2450-2460 Resistance
312 6 18
SPX, 120 Short
SPX on Target to 2450-2460 Resistance

Please see my 2/19/17 post on SPX Fibonacci price targets. June 9, 2017 the US stock market had a very sharp decline limited to the technology sector. The broader market, in particular the DJIA and Russell 2000 (RUT) were up on the day. Very short term it appears the US stock bull market is still alive, at least for a few more days. The SPX broke above a ...

markrivest markrivest SPX, D, Short ,
SPX: SPX Hits Major Restistance on Time Cycle Day
280 12 21
SPX, D Short
SPX Hits Major Restistance on Time Cycle Day

Please see my SPX posts on 2/19/17 and 3/12/17 In my 2/19/17 post I noted long term Fibonacci coordinates targeting resistance at 2454.10 and 2459.30, these are derived from SPX price structures two and six years ago. When using long term Fib points allow for leeway- close counts. More exact Fib points will be found on a time frame of one year or less. The ...

markrivest markrivest SPX, D,
SPX: US Stock Market Momentum Deteriorates
218 12 18
SPX, D
US Stock Market Momentum Deteriorates

As the SPX nears major Fibonacci resistance in the 2450-2460 area - ***please see my prior posts*** momentum is deteriorating. Currently there are double bearish divergences on the daily RSI and MACD. The number of stocks on the NYSE making new 52- weeks highs has been rapidly deteriorating. I have three separate Fibonacci time cycles pointing to an SPX turn ...

markrivest markrivest SPX, 15, Long ,
SPX: Progress of SPX Minor Wave 5 update 5-17-17
259 10 17
SPX, 15 Long
Progress of SPX Minor Wave 5 update 5-17-17

Today 5/17/17 US stocks had a big decline on political news, but the real news is that the SPX bottomed very close to two Fibonacci coordinates. It appears the SPX has completed Minute wave "ii" of Minor wave 5 in the form of an Elliott wave Expanding Flat. Momentum evidence backs up this count as both 15 minute RSI and MACD have significant bullish divergences ...

markrivest markrivest SPX, 15, Long ,
SPX: Progress of SPX Minor wave 5 - 5-8-17
132 4 10
SPX, 15 Long
Progress of SPX Minor wave 5 - 5-8-17

Today 5/8/17 the SPX made a marginal new high before pulling back. The decline ended at a .618 retrace of Minuette wave (i). High probability for more upside action May 9-11. Possible major top in the area of SPX 2450-2460

markrivest markrivest DAX, D,
DAX: DAX Update 5-8-17
101 0 9
DAX, D
DAX Update 5-8-17

DAX appears to be in Minor wave 5 up from the early 2016 bottom. Mark

markrivest markrivest SPX, D, Long ,
SPX: SPX Bullish into Full Moon on 5/10/17
178 4 14
SPX, D Long
SPX Bullish into Full Moon on 5/10/17

The 60 minute SPX chart gives a different perspective to the bullish upside potential to the 2450-2460 area on 5/10/17 or 5/11/17. Since March 1, 2017 top at 2401 the pattern is a cup and handle - a bullish formation. Another way of looking at the situation is to understand where the bears stop loss orders could be placed. Here we have a tight double top at SPX ...

markrivest markrivest SPX, 15, Long ,
SPX: Progress of SPX Minor Wave 5 -  5/6/17
105 0 7
SPX, 15 Long
Progress of SPX Minor Wave 5 - 5/6/17

The SPX appears to be on track to hit major Fibonacci coordinates in the area of SPX 2450-2460. Please see my prior SPX posts. There is a Fibonacci time target of 5/8/17 as a potential turn date. Fibonacci price coordinates are more reliable than time coordinates. It is doubtful the SPX could reach the 2450-2460 area on 5/8/17, if the price target is hit it is ...

markrivest markrivest SPX, D, Long ,
SPX: Progress of SPX Minor Wave 5
174 0 9
SPX, D Long
Progress of SPX Minor Wave 5

Please see my 2/19/17 post SPX Major Top Forecast 2450-2465 In this post I illustrate two long term Fib calculations that target major Fib resistance at SPX 2454.10 and 2459.30 Recently Minor wave 4 completed a Horizontal Triangle at SPX 2335.10. When calculating the target for a post Triangle thrust, use the end point not the low point of a H-Triangle - which ...

markrivest markrivest SPX, 60, Long ,
SPX: SPX Probably in Minor Wave Five
104 2 7
SPX, 60 Long
SPX Probably in Minor Wave Five

My last post speculated that Minor wave 4 Horizontal Triangle completed at the low of 4/18/17. It now appears the Triangle ended 4/19/17 which is a Fibonacci 34 trading days since the termination of Minor wave 3 on 3/1/17. The move up from the 3/19/17 bottom is impulsive and probably the early part of Minor wave 5, which when complete will terminate a five wave ...

markrivest markrivest SPX, 60, Long ,
SPX: Minor Wave 4 Horizontal Triangle Completed
107 0 7
SPX, 60 Long
Minor Wave 4 Horizontal Triangle Completed

The SPX appears to have completed a Horizontal Triangle on 4/18/17. Use the low made on 4/18/17 as a stop on long positions. If Minor wave 5 is underway minimum upside target is SPX 2401. Mark

markrivest markrivest VIX, D,
VIX: Watch the VIX April 17-19
139 1 13
VIX, D
Watch the VIX April 17-19

The VIX may spike April 17-19 possibly because of worries about Korea. In three out of the last four times the Daily RSI on the VIX has gone above 70% its been a good time to go long US stocks. In the Brexit "crisis" there was a RSI divergence. The declining trend-line may also prove to be a guide to catching a VIX spike top. If the SPX declines into the ...

markrivest markrivest SPX, 60,
SPX: Elliott Wave Tutorial Update 4/14/17
133 0 7
SPX, 60
Elliott Wave Tutorial Update 4/14/17

This is an update to my 4/5/17 post in which two downside targets were listed. The SPX had a bulls-eye hit of the first target at 2337.30 the subsequent rally did not last and as of the close 4/13/17 the SPX was just below the 2nd target of 2329.80. This is where the supposed Minute wave "c" is .618 of Minute wave "a". Bullish factor: Decline from 2378.70 is ...

markrivest markrivest SPX, 45, Long ,
SPX: SPX 4/11/17 Morning Call - Update
102 0 6
SPX, 45 Long
SPX 4/11/17 Morning Call - Update

Today 4/11/17 the SPX bottomed in the expected price and time target zone. Use the low of 4/11/17 as the stop level if long. For the 4/12/17 open. If your risk exposure is less than 3%, go long the open and buy any pull backs from the SPX 4/11/17 close as long as the SPX is above the 4/11/17 bottom. Mark

markrivest markrivest SPX, 15, Short ,
SPX: SPX Opening Call 4/11/17
181 2 11
SPX, 15 Short
SPX Opening Call 4/11/17

This is an update to my Elliott wave tutorial on 4/5/17. The Horizontal Triangle discussed in that post appears to be still under construction. Minute wave "c" could be complete today if a bottom is made in the SPX 2336-2342 area. There are two Fib points in this zone plus chart support. If target is hit close shorts and go long. Mark

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