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Study of the dimensions of; Price, Time, Momentum and Sentiment can give clues to market direction. The hard part is finding the data.
On the Log scale SPX chart, connecting the trend line from the October 2007 peak with the January 2018 peak indicated potential resistance September to October 2018.
This Price dimension evidence,plus Time dimension evidence that ...
My most recent SPX post speculated that the SPX could have bottomed on 10/26 or on 10/29. The SPX had a strong move up after its bottom on 10/29 and now have a daily Stochastic bullish cross over. In addition to the bullish momentum and sentiment evidence of a possible bottom - November is the most bullish month for US stocks.
This is the evidence. Of the last ...
Analysis of markets requires examination of all four market dimensions; Price, Time, Sentiment, and Momentum. Most of the time
significant market turns will come with evidence from all four dimensions. Most of the time does not mean all of the time. In prior posts I've mentioned going into the late
September peak that the SPX was not near any significant ...
Market analysis requires study of all four dimensions; Price, Time, Momentum and Sentiment.
Part of the Momentum study requires examining the international stock indices. Sometime a national stock index you don't even trade could be giving important signals
that could make you profitable in the national stock index you do trade.
It all about relative momentum ...
In my 10/7/18 post I noted that the last SPX rally into the all-time high was not impulsive and it implied the bull market would continue. On a larger scale
the entire SPX rally from the February is not impulsive. Today the SPX broke important support and my prior wave count is now invalid. Does this mean a new bear market has just begun? The answer is no. The ...
My prior SPX post noted that the rally into the all-time high was not impulsive and implied the bull market could continue higher.
I noted that one of the possible patterns forming could be an Elliott wave - Expanding Flat. It appears this is what happened. Fibonacci analysis
backs up this wave count. The exact .382 retrace of the entire bull move from the ...
Because of the many alternate Elliott wave counts, the SPX has been difficult to analyze. The SPX picture is clearing up. The best Elliott count indicates the SPX could be in the later part of an impulse wave that began in early May.
The strongest clue that the SPX bull market could continue to make new all-time highs comes from the September 7 - 21 rally. ...
Today 10/3/18 the TYX broke above important break above multi - year chart and .618 Fibonacci resistance.
This could be the most important event in the financial markets for 2018,
TYX has a strong probability to reach at least 4.00 %.
The entire yield curve will also probably have a strong move up.
The Emerging Markets (EEM) has a very clear Elliott wave pattern that could be an aid into timing of a significant global stock market top.
March to May 2018 had a considerable amount of chop. It now appears that Minute wave "i" - boxed was an Elliott wave Leading Diagonal Triangle (LDT).
And it appears that Minuette wave ( i ) of Minute wave i - boxed was also ...
The US main stock indices continue to have multiple Elliott wave alternative counts.
The UKX has a very clear Elliott wave count and could be a guide to help time a possible major global stock market top.
UKX decline from its all-time high was a clear double zigzag pattern.
Today 9/21/18 the UKX had a very strong rally that pushed above the .382 resistance ...
The FTSE 100 (UKX) could be in the final wave of a gigantic Elliott Wave -Ending Diagonal Triangle (EDT) that began in 2009. If so, this could be the largest EDT ever recorded.
UKX has just bounced off the rising weekly trend line while the weekly RSI and Stochastic have reached oversold levels that correspond with the low made at the last correction.
If this ...
My prior SPX post title said the week of 9/3/18 to 9/7/18 could be a bad week for the bears. It turned out to be a
good week for the bears. Is the decline from the SPX peak of 2916 on 8/29/18 the start of a much larger move down?
Doubtful, a check of elements from the dimensions of Price and Time strongly imply the recent decline is just a correction within an ...
In several of my recent posts I've noted that there have been several alternate counts for the SPX. For the last few weeks since June 28th
the rally has been steady and looks impulsive. I believe an Elliott wave Horizontal Triangle may have ended on 6/28/18 at SPX 2691.99. If so the SPX is now in a post triangle trust up which is common after completion of a ...
The clearest clue to RUT's Elliott wave pattern from early 2016 is what's happen in 2018.
It appears to be a series of "fours" and "fives" with each of the wave fours an Elliott wave Horizontal Triangle.
The most likely measurement of the move after completion of a Horizontal Triangle is to take the widest distance of the triangle and add this to the end point ...
Please see my RUT posts on 7/26/18, 6/21/18 and 5/9/18.
Next week RUT could reach the 1740 to 1750 zone,this is where long term and intermediate rising trend lines converge.
I still anticipate RUT to make a significant top before the SPX, DJI, and IXIC.
In 2000 RUT peaked 2 weeks before the SPX in 2007 RUT made a top 3 months before SPX.
If RUT tops next week ...
The EEM has bounced off its lower trend line with a daily RSI bullish divergence and bullish Stochastic cross over.
It looks like EEM could rally for about two weeks which may coincide with a move up for the DJI and SPX.
In several of my posts I've noted that stocks and stock indices almost always have a bearish RSI divergence at the completion of their bull moves.
I've discovered that this phenomenon is present at all time levels from monthly all the way down to the one minute scale.
The monthly DJI is a perfect example of using the RSI to discover tops.
Every significant peak ...
My prior SPX post noted that a bottom could have been made on either 8/10/18 or 8/13/18.
The decline lasted a little longer and has not reached the primary price target, but the evidence of a bottom today is stronger
than what I noted in the last post. Today the PC ratio reached the highest level since the early February bottom. Additionally
the 30 minute RSI ...