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
11 % indices 8 % stocks 2 % forex 80 % other
Top Mentioned Symbols
TVC:SPX 50% | 79 DJI 6% | 11 UKX 6% | 10 INDEX:SPX 6% | 10
markrivest markrivest SPX, D, Long ,
SPX: Progress of SPX Minor Wave 5
146 0 8
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
99 2 6
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
97 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
126 1 14
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
128 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
101 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
170 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

markrivest markrivest SPX, 15, Short ,
SPX: Elliott Wave Tutorial 4/5/17
190 3 10
SPX, 15 Short
Elliott Wave Tutorial 4/5/17

Minor wave 4 could still be under construction, taking the form of a Horizontal Triangle. (see" Elliott Wave Principle" pages 48- 50) Both Minute waves "a" and "b" have taken the form of Double Zigzags under the guideline for alternation we can expect Minute wave "c" to take the form of a Single Zigzag. Minute wave "b" has no Fibonacci relationship with Minute ...

markrivest markrivest SPX, 15, Short ,
SPX: SPX Opening Call 3/30/17- possible EDT top 2364-2366
165 0 7
SPX, 15 Short
SPX Opening Call 3/30/17- possible EDT top 2364-2366

My original target for Minor wave 4 was 2280-2300 on 3/27/17 After 3/24 it looked like a bottom was made. On 3/27 the SPX made new lows and appeared headed to a least 2300, instead it went up on 3/28. It is possible Minor wave 4 could still be under construction, regardless of the larger wave structure there appears to be an Ending Diagonal Triangle forming near ...

markrivest markrivest SPX, 15, Short ,
SPX: Minor Wave 4 Still in Progress
193 5 10
SPX, 15 Short
Minor Wave 4 Still in Progress

Today 3/27/17 the SPX broke through Fib support and appears to be headed to my original support target zone of 2280 - 2300. Minor wave 4 could be forming a Elliott wave Double Zigzag. The second wave (b) is probably forming a Horizontal Triangle. Wave "b" = 1.618 x "a" Wave "c" = "a" Wave "c" = .618 of "b" If this count is correct the SPX could open ...

markrivest markrivest SPX, 60, Long ,
SPX: SPX Minor Wave "4" Probable Low at 2335.70
344 5 20
SPX, 60 Long
SPX Minor Wave "4" Probable Low at 2335.70

Please see my post on 3/2/17 - "Progress of Minor Wave 4" and my post on 3/12/17 "SPX Bottom Time Target 3/27/17" In every market, and for individual stocks there is a point where the majority recognize the primary trend. For stock bull markets, this usually comes about 2/3 into the rise off of a significant bottom. In the case of the SPX, that significant ...

markrivest markrivest SPX, 60,
SPX: SPX Opening Call 3/24/17
159 4 9
SPX, 60
SPX Opening Call 3/24/17

There is a possibility that Minor wave "4" bottomed on 3/22/17 at SPX 2336.50. So far there has been very little sell off in US stocks from the failure to pass a health care bill. That could change today. The DAX which may have finished an Ending Diagonal Triangle at its last 2017 high has not declined much - which is unusual for a post EDT top. The picture ...

markrivest markrivest SPX, 15,
SPX: SPX Opening Call 3/22/17
221 2 16
SPX, 15
SPX Opening Call 3/22/17

Today 3/22/17 could be a choppy day. The best Elliott wave count has the SPX possibly forming an Ending Diagonal Triangle from the high at 2360. If so there could be a small rally after the 9:30 AM -ET open then a decline below the low 3/21/17 There is Fib support in the 2340 -2337 area. If the SPX bottoms in that area there could be a rally up to resistance ...

markrivest markrivest SPX, 15, Short ,
SPX: SPX Opening Call 3/21/17
265 8 18
SPX, 15 Short
SPX Opening Call 3/21/17

The recent SPX peak at 2390 appears to be Minute wave X of a developing Minor wave 4 down. The decline from SPX 2390 looks like a leading Diagonal Triangle. If the SPX can rally to the 2380 area in the first hour of 3/21/7 this could be an excellent short opportunity. Minor wave 4 bottom target date is 3/27/17 price zone 2280-2300

markrivest markrivest DAX, D, Short ,
DAX: DAX Minor Wave 3 Top
253 2 13
DAX, D Short
DAX Minor Wave 3 Top

The DAX appears to have completed its Minor wave "3" up from the February 2016 bottom. Minute wave "V" of the structure is a very clear Elliott wave Ending Diagonal Triangle. If so the decline could quickly reach the EDT point of origin in the 11470 area. Mark

markrivest markrivest SPX, 15, Short ,
SPX: Progress of SPX Minor Wave 4 - 3/18/17
141 0 12
SPX, 15 Short
Progress of SPX Minor Wave 4 - 3/18/17

My last post speculated the SPX could reach the low 2390 area before resuming a probable Minor wave "4" decline to at least 2300. This could still happen because sub minuette wave iv may be forming a Horizontal Triangle. This count will be eliminated on a break below 2377.20 The 15 minute RSI is bearish as the closing level is below recent short term ...

markrivest markrivest SPX, 15, Short ,
SPX: Progress of SPX Minor wave 4
111 0 8
SPX, 15 Short
Progress of SPX Minor wave 4

Minute wave "b" of Minor wave "4" appears to be forming an Expanding Flat. See pages 45-47 of "Elliott Wave Principal". There are three Fibonacci coordinates in the area of SPX 2090.50 and 2091.20 allowing for leeway the broader target is 2390 - 2392.50. Price target could be hit in the first hour of trading on 3/17/17. If a top is made in the price/time ...

markrivest markrivest SPX, D, Short ,
SPX: SPX Bottom Time Target 3/27/17
196 3 13
SPX, D Short
SPX Bottom Time Target 3/27/17

There are amazing Fibonacci time relationships within the SPX bull market from 2/11/16 Wave 1 = 47 TD Wave 2 = 47 TD This meets the Elliott wave guideline for wave equality. Minor wave 3 is 2.618 times the combined times of waves 1 and 2 or the inverse of .382 AMAZING! Time forecast wave 2 of 47 TD x .382 = 18 TD + 3/1/17 = 3/27/17 Mark

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