Stock Market Showed Its Cards

Do you Want to Feel Like a Smart Investor?

The Premium Newsletter provides key information about the stock market’s trends that you need to know.

Golden insights about the Stock Market, Commodities, Crypto, Bonds & Forex, several times a week.

Upgrade to Premium at a rock bottom promotional price of $39/month.

We’d like to take a break in our “regularly scheduled programing” with a sponsored message.

We are truly grateful for your engagement with sponsor ads and free newsletter recommendations. Your support is crucial for us to continue publishing the free newsletter.

This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

Invest Now

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

SPX Technical Analysis

• SPX had a bullish engulfing candle after the bearish engulfing candle in the previous week.

• The bullish engulfing candle after a downtrend is a bullish reversal pattern, but it is not bulletproof.

• SPX bounced off the downtrend line of the red wedge and closed above 10W EMA, which is positive.

• It closed just below the previously broken smaller green wedge, representing resistance. But SPX can continue to a new high underneath the green wedge. 

• From the daily SPX chart, we can see that SPX gapped over the grey channel and 50D MA, which are bullish developments.

• The bounce also produced an initial five waves up, which is bullish.

• According to the Elliott Wave Theory, one should expect a 3-wave pullback after five waves up followed by at least another 5-wave sequence.

• However, I expect to complete five waves up of minute degree: (i)-(ii)-(iii)-(iv)-(v).

Sentiment

• The Fear & Greed Index moved decisively toward the neutral region. 

• We would like to see it move to a high greed or extreme greed area before looking to topping signs.

• The chart below is of longer-term significance.

• It shows that there is a risk in the stock market when the market capitalization is significant compared to GDP. 

• Presently, the market cap to GDP ratio is waiving a red flag, but it is not a short-term timing signal.

Follow BraVoCycles on X

• Consider following me on X (former Twitter) in addition to the newsletter, as I often post valuable information there in real time between the newsletters.

  • The McClellan Volume Summation Index is a good indicator of internal market health.

To continue reading about Market Summary, US Markets, Elliott Wave and Technical analysis of US Markets, volatility, as well as commodities, bonds, forex, currencies or crypto, upgrade to Premium Pro. . .

Finally, a message from a sponsor you all have been intrigued by lately…

Savvy Investors Know Where to Get Their News—Do You?

Here’s the truth: Most financial media focuses on clicks, not clarity. The Daily Upside, created by Wall Street insiders, delivers valuable insights—free. Join 1M+ readers and subscribe today!

Join 1M+ readers and subscribe today!

Shop our Book and Software Recommendations

Have a question? Want to leave us feedback?

Contact us at: [email protected]

Read our Disclaimer

Become a paying subscriber of Market Twists & Turns - Pro to get access to the rest of this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

• • All the benefits of our Free and Basic tiers, plus
• • Ad free
• • Downloadable pdf version of the full length newsletter
• • Updates and opportunities 4-5x/week on
• • Individual major stocks and ETFs
• • International markets, forex, cryptocurrencies, bonds and commodities
• • All featuring advanced cycle methods for market timing with expert Elliott Wave and technical analysis, and more...