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.
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Markets Allocation
26 % indices 5 % stocks 2 % commodities 67 % other
Top Mentioned Symbols
TVC:SPX 40% | 112 SP:SPX 21% | 60 DJI 5% | 16 IXIC 4% | 12
markrivest markrivest SPX, 1M, Long ,
310 5 8
SPX, 1M Long
Could SPX Bull Market End on 8/20/18

There could be a time relationship between the SPX 1990 to 2000 bull market with the bull market that began in 2009. The 1990 to 2000 bull market was 3453 days adding this to the start day of the bull market that began on 3/6/09 targets 8/19/18 a Sunday. The nearest trading day is 8/20/18. Note the bullish Stochastic cross over. Important turns have occured ...

markrivest markrivest SPX, 1W, Long ,
310 1 7
SPX, 1W Long
Updated Long Term SPX Elliott Wave Count

My long term SPX forecast top remains at 3050 probably some time in August 2018. Update on long term time forecast will be posted soon. The reasons for the wave count change are. 1) The proportion of the supposed cycle wave "4" - boxed is too large to be a wave four correction of the rally from February 2016. 2) There is a Fibonacci relationship between the ...

markrivest markrivest SPX, 30, Long ,
294 1 9
SPX, 30 Long
Another Very Interesting SPX Alternate Wave Count

First congratulations to Trading View member brchart, who on June 28th commented on my SPX post that the SPX June 13th top may have been wave "d" of a still developing Elliott wave Horizontal Triangle from the January 2018 peak. Great work! This could be what's happening in the SPX. What makes this count a strong probability is the 30 minute P/C ratio. In an ...

markrivest markrivest SPX, 1D, Long ,
207 0 10
SPX, 1D Long
Powerful SPX Support at 2668 to 2683

There are a cluster of factors indicating very strong support at SPX 2668 to 2683. 1) A 50% retrace of the rally from 5/3/18 is at 2672.64. 2) Rising trend line is near 2668. 3) The 200 day SMA is near 2670. 4) Chart support - 5/29/18 bottom at 2676.81. 5) Post Horizontal Triangle target at 2682.48 - Elliott wave Horizontal Triangle from 6/25/18 to 7/3/18. The ...

markrivest markrivest SPX, 30, Long ,
338 11 13
SPX, 30 Long
Put/Call Ratio May Have Signaled SPX Bottom

Market analysis is not just the one dimension of price patterns. There are four dimensions, Price, Time, Sentiment and Momentum. Today 6/28/18 there were strong signals from the dimensions of Sentiment and Time that may have signaled a bottom for the SPX. Sentiment: Note that today the Put/Call ratio has reached the same level that it was at durning the May 3rd ...

markrivest markrivest RUT, 1D, Short ,
80 1 5
RUT, 1D Short
Significant RUT Top Could be in Place

The RUT appears to have completed a post triangle trust up from the end of the Horizontal Triangle on 5/1/18. The widest part of the Horizontal Triangle, the Jan to Feb decline was 179.09 added to the end point of the Horizontal Triangle of 1527.71 targets RUT 1706.80. The Actual top on 6/20/18 was 1708.09 a near perfect hit. Daily RSI has a bearish divergence ...

291 11 7
SPX, 1D
Another SPX Alternate Wave Count

The current SPX situation has several near term wave counts that could be under construction. This post deals with another possible alternate wave count. Most of the time after an Elliott wave Horizontal Triangle there's a dynamic thrust in the direction of the primary trend, which in this case is up. The rally after what I labeled minute wave "e" of minor wave ...

91 0 5
DEU30, 1D
Update to 3/24/18 Daily DAX Post

This is an update to my 3/23/18 daily DAX post, in which I noted the DAX - based upon Fibonacci and momentum analysis may have bottomed on 3/23/18 or could bottom on 3/26/18. On 3/26/18 the DAX made a marginal new correction low which turned out to be the bottom for a subsequent rally to 13204. The 13204 level is very close to a .786 retracement of the sharp ...

288 1 16
SPX, 1D
SPX Nearing Next Resistance Area

My prior posts noted SPX resistance in the 2800 area. This could be hit after the FOMC announcement on 6/13/18 Which is also a new moon - sometimes tops occur on new moons. In Elliott wave analysis there is always a bearish alternate count to bullish counts. Illustrated is one of two possible bearish counts that could be complete at SPX 2800. If necessary I ...

73 0 6
SYMC, 1D
Fantastic Shorting Prospect - SYMC

First, wait to short SYMC. A good hunter waits for the prey to reach ideal position before attacking. In the case of SYMC this could be late June. On 5/11/18 SYMC released their quarterly earnings and announced that an investigation about items not reported in the annual report. The stock broke through a double bottom in a massive one day plunge. This could ...

markrivest markrivest SPX, 1D, Long ,
248 3 12
SPX, 1D Long
Move Above SPX 2742 is a Powerful Signal

Not all support/resistance levels are equal. Two or more support/resistance points are stronger than one point, requiring more market force to break through. Usually great market force produces longer and more sustainable rallies/declines. Last week the SPX broke above the big .618 retrace level of the January to February decline. Additionally there was a ...

markrivest markrivest SPX, 60, Long ,
231 4 7
SPX, 60 Long
SPX Could Have Bullish Breakout on 6/4/18

Since mid - May the SPX appears to be building a base. The .618 retracement of the January to February decline is at SPX 2742.44. There's a double top at SPX 2742.10 and 2742.24. A move above this triple zone of resistance could be the start of a powerful multi-day rally. Short term traders could enter long positions - based on SPX related funds or futures above ...

markrivest markrivest CL2!, 1W, Short ,
61 0 7
CL2!, 1W Short
Crude Oil in Seasonal Correction

Hi all First a thanks and congratulations to fellow trading view member - The_Unwind, who two weeks ago sent me a private message saying Crude Oil could turn in the 72 to 73 area based on a .382 retrace of the entire Crude Oil bear market. A perfect .382 retrace is at 73.30, the high last week on the weekly chart was 72.90. The turn last week came on a ...

markrivest markrivest SPX, 15, Long ,
275 2 10
SPX, 15 Long
SPX Poised for 200 Point Rally

Typically wave "one" of a standard five wave impulse has a retracement of 60 to 66%. The exception is during a post triangle thrust. In prior posts I've note that the SPX decline from its all -time high was probably an Elliott wave - Horizontal Triangle. The triangle appears to be complete and a post triangle thrust up could be under construction. The SPX low ...

markrivest markrivest SPX, 120, Long ,
299 0 12
SPX, 120 Long
Progress of SPX - Post Triangle Thrust Up

My prior post noted that the SPX probably completed a Elliott wave - Horizontal Triangle at the 5/3/18 bottom of 2594. After completion of a Horizontal Triangle there is usually a strong thrust in the direction of the primary trend, which in this case is up. Note that the rally from 2594 has been smooth and steady, which is typical of Elliott impulse waves. If a ...

markrivest markrivest RUT, 1D, Long ,
84 0 7
RUT, 1D Long
RUT Nearing All - Time High

Since March the RUT has been more bullish than the DJIA and SPX. This was a good sign that the US stock market was not in the early phase of a large bear market. Now RUT appears to be just a few trading days from making a new all -time high. Watch the RUT and the declining daily trend line. If the RUT breaches this line it will be one more piece of evidence ...

markrivest markrivest SPX, 30, Long ,
581 7 14
SPX, 30 Long
SPX Could be in Trust up to 3050

Since early February 2018 I've posted that the SPX could be forming an Elliott wave Horizontal Triangle. Now in early May there's solid Fibonacci evidence that the SPX Horizontal Triangle could be complete at the bottom made on 5/3/18 at 2594.62 Within a Horizontal Triangle the most common Fibonacci relationships occur between alternate sub waves such as wave ...

markrivest markrivest SPX, 240, Long ,
481 7 7
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 ...

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