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Currently the Nasdaq Composite is the strongest of the three main U.S. stock indices. On 05/26/23 the Nasdaq Composite made a new post October 2022 rally high. The Dow Jones Industial Average failed by a wide margin. The S&P 500 came close to a new high but missed by 4 - ticks. The Nasdaq 100 is stronger than the Nasdaq Composite, and on 05/26/23 was just...

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A "Rule of the Majority Signal" occurs when one of the three main U.S. stock indices; SPX, IXIC, and DJI, makes a new high/low unaccompanied by the other two indices. The new trend of the U.S. stock market is with the two non confirming indices. There was a bearish Rule of the Majority signal on 05/22/23 when only IXIC made a new post October 2022 high. On...

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Last week there was a rare VIX topping Signal. This happens when the SPX makes a new rally high while the VIX makes a lower bottom. The last time this happened was in August 2022. Prior to then there was a VIX topping signal in January 2022. If the SPX drops next week it could be the start of adeep multi-month bear phase.

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Last week there was a rare VIX topping signal vs. the SPX. This happens when the SPX makes a new rally high while the VIX fails to make a new decline low. This signal occurs only one or two times a year. The last occurence was at the SPX mid - August 2022. Prior to August 2022 there was a VIX topping signal in January 2022. If the SPX declines next week it...

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Attention this is a RED ALERT! On 05/16/23 the Nasdaq Composite (IXIC) appears to have completed an Elliott wave Ending Diagonal Triangle. If so this could be the final wave up of the rally that began in October 2022. On 05/16/23 the IXIC advance/decline line was bearish. 15 -minute MACD and RSI have significant bearish divergences. May is the start of a...

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The seasonal bearish period for stocks is from May to October. The Nasdaq 100 and Nasdaq Composite have continued to make rally highs but the S&P 500 and Dow Jones Industrial Average have not. This is a very broad based bearish divergence. Focusing just on the NDQ shows it has bearish divergences on the RSI, MACD, and KST. NDQ has reached a top zone...

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For years Amazon (AMZN) was a leading U.S. Stock, yet since 2021 it has underperformed the broader market. AMZN high was in July of 2021 months before the Nasdaq Composite (IXIC) top. Subsequently AMZN declined in an Elliott five wave impulse pattern. AMZN retraced all of its rally since the March 2020 bottom while IXIC bottomed well above its major March 2020...

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Using the Trading View - Fib Time Zone indicator has produced a amazing result. Using the next full moon date of 05/05/23 as an anchor reveals a series of Fibonacci time peaks. The first is at 01/03/22 near the SPX all-time high of 01/04/22. The next is at 09/02/20 which was a short-term top. The pattern continues to 05/06/19 near the short -term top of...

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Three important momentum indicators all have bearish divergences. KST the slowest moving of the three has a single bearish divergence. The medium speed MACD has a double divegence as does the faster moving RSI. The next FOMC rate announcement is 05/03/23. The NDQ could rally into that date. If so it could be a rally to short.

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Since TSLA all-time high in November 2021, the rallies after each decline have been getting weaker. The rally after the first decline – phase – 1 retraced 83.3% of the drop. The next decline phase – 2 the bulls were only able to retrace 60.7% of the prior decline. In phase – 3 the most dynamic decline yet was 54.4%. On each successive drop the bulls...

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From March 2020 to January 2022 the SPX gained a spectacular 120%. The last time a U.S. stock index had a similar gigantic gain was the Nasdaq 100 - blowoff in the late 1990’s. Many of the stocks leading that mania had incredible gains that were subsequently lost in the 2000 to 2002 bear market. Some of the largest companies lost 80 to 90% of their stocks value...

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Today TSLA broke below its most recent bottom, the short - term rising trendline, and the 03/13/23 bottom. Daily RSI is at 33% the oversold zone begins at 30%. First short -term support is at the .618 retracement of the rally that began January 2023. Its more likely TSLA could find short- term support at the long - term rising trendline. This could be the...

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Tesla looks like its rolling over for the next major down wave. Weekly Stochastic has a bearish line cross. Weekly RSI has crossed its moving average line. Going into 2024 TSLA could ultimately reach the area of 20 to 30. A break below the long-term rising trendline could be very bearish. Mark

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On 04/12/23 the SPX rallied into an important Fibonacci cycle and did not decline. On 04/14/23 the SPX made a new rally high and looks ready for more upside action. The tops on 08/16/22 and 02/02/23 came with the daily RSI at or above the overbought zone without a bearish divergence. The same thing could happen at the next SPX top. If the SPX rallies into...

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This is an update to my 03/18/23 post "Bearish Elliott Wave Count. The price target zone for a top has been revised higher. The time target zone is on or near 04/12/23, no change from my time forecast post. Hourly RSI has still not reached the overbought zone above 70% and implies higher prices. No MACD bearsh divergences. The short-term Elliott wave...

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The Nasdaq 100 (NDQ) decline from its all-time high into the October 2022 bottom was an Elliott wave - Double Zigzag. The rally off the October 2022 bottom also appears to be a Double Zigzag that could complete soon. The actual length of the first ZIgzag up from the October bottom was 1726 points multiplied by 1.618 equals 2792 added to the "X" wave bottom of...

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Fibonacci time ratios indicate a major SPX turn could happen on 04/12/23. This type of analysis does not predict tops or bottoms, it all depends on what action a market is taking going into the turn date. If the current SPX rally continues for another 7 - trading days it could mean a major top is forming. The SPX 2022 decline lasted 195 trading days multiplied by...

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The recent U.S. bank failures have increased the chances that U.S. stocks could be on the verge of a sharp drop. The decline could start soon after the FOMC announcement on 03/22/23. In a few week the SPX could break below its bottom made on 10/13/22. Mark