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
23 % indices 5 % stocks 2 % commodities 71 % other
Top Mentioned Symbols
TVC:SPX 43% | 112 SP:SPX 18% | 48 DJI 6% | 16 IXIC 4% | 12
markrivest markrivest SPX, 240, Long ,
SPX: SPX Still Looks Triangulish
361 5 5
SPX, 240 Long
SPX Still Looks Triangulish

It appears the SPX is still in a Elliott wave Horizontal Triangle from the 1/26/18 all-time high. The rally from the bottom made on 4/2/18 to 4/18/18 looks like a choppy corrective pattern which is what you would expect in a Horizontal Triangle, where the sub waves divide into three wave patterns. Additional proof that what has been forming from 1/26/18 is a ...

markrivest markrivest ESM2018, 15, Long ,
ESM2018: SPX Pre Open Update 4/16/18 - Watch SPX 2680.26
75 0 5
ESM2018, 15 Long
SPX Pre Open Update 4/16/18 - Watch SPX 2680.26

In over night trading the S&P 500 - June E-mini contract moved up while several Asian stock markets went down. Normally the overnight US stock futures track Asian stocks. What happened in the Hang Seng (HSI) exchange is very interesting. It appears to have been forming an Elliott wave Horizontal Triangle from 1/29/18 - confirming the SPX pattern. It may have ...

markrivest markrivest SPX, 30, Long ,
SPX: SPX Nearing or at End of Horizontal Triangle
457 3 10
SPX, 30 Long
SPX Nearing or at End of Horizontal Triangle

Over the last several weeks it has appeared laughable to even suggest going long US stocks. As recently as 4/2/18 it looked like we were at the doorstep of financial crisis. On 4/13/18 the US launched an attack on Syria. There's a possibility the Russians could get involved. Some in the US news media are saying the US president is mentally unstable. Scary times ...

markrivest markrivest DJI, 1M, Long ,
DJI: Major SPX Top Forecast at 3050 in May 2018 - Part Four of Four
222 2 7
DJI, 1M Long
Major SPX Top Forecast at 3050 in May 2018 - Part Four of Four

The US stock market is seasonally bullish from November to May. Within the current nine year bull market two intermediate tops have occured in May. May 2011 and 2015. The DJI could hold a clue to the termination time for the bull market from 2009. Between January 2000 and March 2009 the DJI formed an Elliott wave Expanding flat correction. The entire correction ...

markrivest markrivest SPX, 1D, Long ,
SPX: Major SPX Top Forecast at 3050 in May 2018 - Part Three of Four
476 5 6
SPX, 1D Long
Major SPX Top Forecast at 3050 in May 2018 - Part Three of Four

A common relationship within an Elliott five wave pattern is that wave "one" is equal to wave "five" Minor wave 1 up from the SPX bottom at 1810.10 was followed by a Combination wave 2 that exceeded the orthodox peak of wave 1. In this case the measurement is made from the actual peak at SPX 2120.55. The growth rate from SPX 1810.10 to 2120.55 is 17.10% When ...

markrivest markrivest SPX, 1W, Long ,
SPX: Major SPX Top Forecast at 3050 in May 2018 - Part Two of Four
264 2 5
SPX, 1W Long
Major SPX Top Forecast at 3050 in May 2018 - Part Two of Four

The main Fibonacci coordinate for the forecast of SPX 3050 comes from the bear market October 2007 to March 2009. This decline from 1576.09 to 666.79 was 909.30 points multiplied by 2.618 equals 2380.54 + 666.79 = 3047.33 target top. The decline from 2007 to 2009 also targeted the May 2015 intermediate top. 909.30 points multiplied by 1.618 equals 1471.24 +666.79 ...

markrivest markrivest SPX, 15, Long ,
SPX: Major SPX Top Forecast at 3050 in May 2018 - Part 1 of 4
175 0 6
SPX, 15 Long
Major SPX Top Forecast at 3050 in May 2018 - Part 1 of 4

This is the first post of four projecting what could be a major SPX top at 3050 sometime in May 2018. Please read all four posts to get a complete picture. My March 30, 2018 post speculated that the SPX may have completed a five wave Elliott Wave Horizontal Triangle on March 28, 2018. Sometimes Horizontal Triangles can expand to nine wave patterns. This could ...

markrivest markrivest SPX, 1D, Long ,
SPX: Powerful Bullish Signal From the Put/Call ratio
275 5 11
SPX, 1D Long
Powerful Bullish Signal From the Put/Call ratio

Just after the SPX 3/23/18 bottom I posted that there were many bullish signal indicating a bottom could be in place. I also noted that the strongest signal came from the CBOE Put/Call ratio. Note on this chart that whenever the Put/Call ratio decisively exceeded the 1.40 level it was a great time to go long the SPX. I think there's a very high probability the ...

markrivest markrivest SPX, 1D, Long ,
SPX: SPX Daily Horizontal Triangle Could be Complete
202 2 10
SPX, 1D Long
SPX Daily Horizontal Triangle Could be Complete

Sometime within an Elliott wave Horizontal Triangle wave "d" and "e" are much smaller in proportion to waves "a", "b", and "c". This happens frequently on an intraday scale, there's strong evidence that this may have happened with the SPX Horizontal Triangle forming since 1/26/18. From the 3/23/18 bottom the SPX rallied in three waves and then declined in three ...

markrivest markrivest SPX, 1D, Long ,
SPX: Price and Time Targets for SPX Wave "D"
512 2 11
SPX, 1D Long
Price and Time Targets for SPX Wave "D"

The powerful move up for US stocks on 3/26/18 strongly implies that the low of what could be wave "C" of a developing Elliott wave - Horizontal Triangle is in place. A move below the SPX low on 3/23/18 will eliminate the wave count. The supposed wave "C" was .618 of wave "A". If wave "D" is .618 of "B" this targets SPX 2752 as a top for wave "D" The declining ...

markrivest markrivest SPX, 1D, Long ,
SPX: Green Alert! Multiple Bullish Stock Indicators on 3/23/18
634 0 12
SPX, 1D Long
Green Alert! Multiple Bullish Stock Indicators on 3/23/18

This is a Green Alert - Meaning bullish- go long US stocks. My last SPX post noted powerful support at SPX 2699 to 2706. It takes powerful moves to break power support and that's exactly what happened on 3/22/18 and 3/23/18 The SPX is now at the next support in which the supposed wave "c" down is .618 of the supposed wave "a" down. Several weeks ago after the ...

markrivest markrivest DEU30, 1D, Long ,
DEU30: Updated Daily DAX Elliott Wave Count
135 2 6
DEU30, 1D Long
Updated Daily DAX Elliott Wave Count

The DAX is nearing a .382 retrace of the bull market from early 2016 with double bullish divergences on both the RSI and MACD. An important intermediate bottom could be in place or in place on 3/26/18. I will have an updated SPX wave count on 3/25/18. Mark

markrivest markrivest DEU30, 1M, Long ,
DEU30: Updated Long Term DAX - Elliott Wave Count
116 1 5
DEU30, 1M Long
Updated Long Term DAX - Elliott Wave Count

DAX could be near a very important bottom. Updated daily DAX in my next post will have details. Mark

markrivest markrivest RUT, 60, Long ,
RUT: Probable Bottom for US Stock Indices on 3/19/18
58 0 3
RUT, 60 Long
Probable Bottom for US Stock Indices on 3/19/18

There was a Fibonacci time cycle of 34 trading days from the SPX all time high due on 3/19/18 There was a New moon on 3/17/18 and Vernal Equinox on 3/20/18, this is a similar to the set up of the SPX Brexit bottom made on 6/27/16. Today the SPX bottomed 5 points below the powerful support zone illustrated in my previous post. You always have leeway around Fib ...

markrivest markrivest SPX, 30,
SPX: SPX Buying Opportunity on 3/19/18 or 3/21/18
513 5 8
SPX, 30
SPX Buying Opportunity on 3/19/18 or 3/21/18

In my 3/17/18 post I speculated that the DJI could be forming a Elliott wave - Horizontal Triangle. The SPX from the 2/9/18 mini crash bottom appears to have a different pattern, and forming a series of "ones" and "twos" to the upside. Currently in the second wave "two" down. Very strong Fibonacci evidence indicates the SPX could find powerful support in the ...

markrivest markrivest DJI, 120,
DJI: DJI may have completed Elliott wave - Horizontal Triangle
379 0 14
DJI, 120
DJI may have completed Elliott wave - Horizontal Triangle

Just after the early February 2018 mini crash I posted that a Elliott wave - Horizontal wave "4" could be forming. Its possible the DJI has completed this pattern. Many times three will be Fibonacci ratios between alternating waves of a Horizontal Triangle. These are the ratios among the wave of the current supposed Horizontal Triangle. c - 1582.60/a - 3249.80 = ...

markrivest markrivest SPX, 15,
SPX: SPX and RSI Analysis
339 2 6
SPX, 15
SPX and RSI Analysis

This week I discovered that there could be SPX resistance at the declining trend line near prior chart resistance at the SPX 2757 area, illustrated in my prior post Before the SPX open on 3/9/18 it appeared the SPX was headed into this area and I expected a near term peak. Unfortunately I did not examine the 15 minute RSI which was at its highest point since ...

markrivest markrivest SPX, 30,
SPX: Watch SPX 2757
253 2 6
SPX, 30
Watch SPX 2757

US stock futures up on jobs report. There could be a pause at chart and declining trend line resistance around 2757. If top in that area - decline could last only until 3/19/18. I will have more details in my next post. Mark

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