Monthly Archives: February 2021

7:30 am I will be out most of the day, so I have given as comprehensive account as I can for what may transpire.  Be prepared! Good Morning! NDX futures are flat this morning after having bounced off the Head … Continue reading →

12:38 pm NDX is on a sell signal and declining fast to its Head & Shoulder neckline.  Beneath that is confirmation of a 15% plunge from the top.  The 200-day Moving Average is at 11564.00.  The 2011 trendline lies at … Continue reading →

February 23, 2021 8:00 am Good Morning! We should not be surprised to see NDX futures plummet beneath the 50-day Moving Average at 13048.35 this morning.  The NDX closed yesterday at the one-year uptrend line.  The break this morning closes … Continue reading →

February 22, 2021 8:00 am Good Morning! SPX futures have fallen to test Short-term support at 3866.44 this morning, having made a low of 3861.38 thus far.  This may be a result of the gamma-driving options market that kept SPX … Continue reading →

February 21, 2021 9:00 pm Good evening! When I first started reading about winter storm Uri, I felt sorry for those poor people in Texas who were unprepared for what was about to happen.  Then I found out that my … Continue reading →

February 12, 2021 12:55 pm The SPX rose to 3924.90 at noon today and has eased away from the high.  The hourly interval for this hourly Cycle appears to be 17 hours (17.2).  The prior Cycle interval was 13 (12.9).  … Continue reading →

February 11, 2021 1:45 pm TNX has clearly resumed its rally toward the Head & Shoulders target.  This may happen by options expiration, so this rally may be gamma-driven and potentially explosive.  Today’s 30-year auction may be a catalyst.  The … Continue reading →

February 10, 2021 10:45 am VIX has crossed above the 50-day Moving Average, giving us an aggressive buy (SPX sell) signal.  The NYSE Hi-Lo Index is at 491.00, due to the opening probe to the new high in the SPX … Continue reading →

February 9, 2021 2:40 pm SPX is bumping along the underside of a double trendline at 3918.00.  A reversal from this resistance may be severe, especially on day 271 of the Master Cycle.  The hourly Cycles have been remarkably precise … Continue reading →

February 8, 2021 10:45 am DBA broke through neckline resistance at 16.65.  This suggests a major push to the H&S target at 20.17 by the middle of March.   8:00 am Good Morning! SPX futures were repelled at round number … Continue reading →