Monthly Archives: March 2021

10:40 am TNX has made a new high at 10.39 this morning, increasing the jitters in equities.  There are two possible patterns hare, both ultimately leading to higher yields.  The first is that the Master Cycle, which corresponds with Primary … Continue reading →

12:24 pm TNX bounced back above 15.00 after a brief foray beneath it.  Today may be the last show of strength as TNX is due for a decline that may take it down to the 50-day Moving Average.  A Trading … Continue reading →

2:36 pm The DJIA has made yet another all-time high while the SPX refuses to go down and it remains within 40 points of its high.  Tomorrow is day 258 for the Dow Cycle, only three days earlier than the … Continue reading →

11:54 am NDX appears to be slipping beneath the Neckline/Lip at 13735.00 which may end the surge from yesterday’s closing low.  While the Lip of a Cup with Handle formation is somewhat permeable, the Neckline of a Head & Shoulders … Continue reading →

12:52 pm SPX may be completing its Head & Shoulders formation imminently.  The right shoulder reaches equality with the left shoulder at 3900.12.  In this case it may be stopped by Short-term resistance at 3878.64.  The last three weeks have … Continue reading →

9:00 am Good Morning! SPX completed a 12.9 day Cycle at 2:00 pm yesterday.  However, the Master Cycle have up to 8.6 days to go, completing on March 17.  If correct, we are due for a bounce that may stay … Continue reading →

3:06 pm SPX has broken the uptrend from last March’s low.  It has retested the trendline and may resume its decline with greater momentum. ZeroHedge reports, “Just out from Tradestation: Valued Futures Clients, Due to potential market volatility, reduced intraday … Continue reading →

3:20 pm NDX broke through the neckline/lip of the Cup with Handle formation.   This should prepare us for a panic decline that is likely to catch on to the SPX and DJIA.  The Hi-Lo indices appear to be off kilter … Continue reading →

10:51 am NDX is approaching its 50-day Moving Average at 13106.17.  A cross beneath it would produce a powerful (confirmed) sell signal.  The 1987 crash had both a Head & Shoulders and Cup with Handle formations.  Both were met in … Continue reading →

8:00 am Good Morning! SPX futures have challenged the mid-Cycle (Intermediate-term) resistance at 3852.74 this morning.  This bounce may be Minute Wave (c) of Minor Wave 2.  The 50% Fibonacci retracement of Wave 1 is at 3859.09.  The 61.8% Fib … Continue reading →