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The S&P 500 (SPX) since its all-time high appears to be forming a series of "one's" and "two's " to the downside. This could be the prelude to a very large decline in early 2025. Short-term the SPX could rally into the low 6,000 area soon. If so his could be an important peak.

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Volume Profile puts market volume on a vertical axis. This allow you to discover support/resistance areas. The widest part of the profile is called Point of Control (POC). This is the level of strongest potential support/resistance. POC is at 5,790.00 which is close to a Fibonacci .382 retracement of the 08/05/24 to 12/17/24 rally. These two level imply...

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U.S. 30 - Year Yield/Rates (TYX) could rise to 8% in 2025. TYX completed an Elliott five - wave Impulse pattern from March 2020 to October 2023. Subsequently there was a clear Elliott wave Single Zigzag into the September 2024 bottom. TYX could be in the early phase of Primary wave , if so it could reach 8% in 2025. Weekly RSI is in the neutral zone at only...

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The strongest support/resistance using Volume Profile is called Point of Control (POC). Gold (XAUUSD) is nearing a zone around POC. This zone could be important resistance in one or two trading days.

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Bitcoin is near what could be a very important round number top. The three prior significant peaks in 2014,2017, and 2021 came in either November or December. BTCUSD is also near a multi-year rising trendline. Both RSI and MACD have bearish divergences. An important top could be made soon.

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In one or two trading days the Dow Jones Industrial Average (DJI) could complete an extended Elliott wave Impulse pattern that began on October 2022. Weekly RSI has multiple bearish divergences. If a top is made the decline could continue for several months.

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Voume Profile places volume on a vertical scale to determine areas of support/resistance. The widest part of the profile is called "Point of Control" (POC). This is where the strongest support and resistance could be. POC is at 5,704. Chart support is at 5674. A break below these levels could open the door for a plunge down to the 08/05/24 mini crash bottom.

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Russell 2000 (RUT) appears to have completed an Elliott wave Ending Diagonal Triangle (EDT) from 08/05/24 to 10/16/24. After completion of an EDT there’s typically a rapid retracement back to the EDT point of origin. In this case the 08/05/24 bottom. The price zone is near the 2,000 area, and the target time is 11/01/24 to 11/04/24. Daily Stochastic is still in...

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The Fibonacci sequence is as follows (1,1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ---to infinity) Within the last 34 – years there have been 4 significant SPX turns on or near October 11th. October 11, 2024 could be the 5th turn – this time a top. Additionally, the SPX - 2002 to 2007 was almost an exact Fibonacci 5 – years. If the current bull market which began...

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Sometimes individual stocks can have clear Elliott wave patterns. Since October 2022 Microsoft (MSFT) rallied in a clear Elliott five – wave extended Impulse pattern. The decline from its July 2024 top was impulsive followed by a clear Single Zigzag correction. A third wave down could now be developing. If so it could break below the August bottom and reach at...

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The S&P 500 (SPX) may have completed or could soon complete an extended Elliott five wave pattern up from the October 2022 bottom. Both weekly RSI and MACD have significant bearish divergences.

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Microsoft (MSFT) has a clear Elliott five – wave pattern for it’s July to August decline. The subsequent rally off the August bottom is a clear Elliott wave Single Zigzag correction. This pattern could be complete somewhere near a Fibonacci .618 retracement of the July to August decline. An important top could made sometime near the next U.S. – FOMC interest...

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An Elliott wave Primary degree peak could be made within the next few trading days. Momentum evidence supports this theory. Daily RSI and MACD both have significant bearish divergences. If a Primary degree peak is made, Gold could enter a mult-month decline.

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The Dow Jones Industrial Average (DJI) is nearing major Fibonacci resistance. When measuring large percentage gains, its more appropriate to compare growth rates. Within Elliott – Motive waves there’s usually a Fibonacci relationship between the first and fifth waves. Primary wave had a growth rate of 74% multiplied by the Fibonacci ratio of .618 equals...

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My 07/21/24 post on Gold noted its was hitting a long-term rising trendline from 2022 with a significant weekly RSI bearish divergence. Gold declined after that post but has now made a marginal new high. The situation has gotten more bearish. Daily RSI and MACD have bearish divergences. Gold also appears to be near completion of an Elliott wave – Ending...

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My 07/20/24 post “ S&P 500 - Fibonacci Time Cycle” noted the SPX could decline 20% into October 2024. Recent weekly momentum evidence supports that theory. Weekly Stochastic has a bearish line cross. Weekly RSI has moved below its moving average line. Today 07/25/24 SPX moved below the rising trendline from October 2023. There’s a good chance the SPX could...

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Last week Gold hit the long – term rising trendline from the peak made in 2022. Additionally weekly RSI had a double bearish divergence. These two factors suggest a near-term decline for Gold.

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Within the last 26 years the largest July to October S&P 500 – decline occurred after the July 1998 top. That decline into October 1998 was 22.50%. The next largest drop happened in 2011. The July 2011 peak was marginally below the May 2011 top. The decline from July to October 2011 was 20.80%. It was a Fibonacci 13- years between July 1998 and July 2011. ...