Monthly Archives: June 2021

8:30 am We are attending a family gathering at a northern lake for the next two days.  I will not be available for the blog tomorrow and possibly Thursday. NDX futures made a new all-time (futures) high at 14512.38 at … Continue reading →

6:30 pm During the week of May 10 I was looking for the all-time high in the equities markets.  Sure enough, the DJIA made its all-time high that very day (day 250 of that Master Cycle).  However, 5 weeks later, … Continue reading →

8:00 pm SPX nearly reached the Wave relationship where [v] equals [i] at 4291.00.  The topping formation is clearly an ending Diagonal, with overlapping Waves of (a)-(b)-(c).  It is interesting that the positive gamma generated by this week’s options expiration … Continue reading →

10:40 am SPX is now complete to the upside.  There are 5 distinct Waves in the final Wave C and its components.  In addition, The hourly Cycles Model suggests a break in the uptrend by noon today.  No guarantees, but … Continue reading →

7:05 am Good Morning! My eldest daughter is getting married tomorrow and, being the father of the bride, I have a lot of responsibilities over the next two days.  I may not be able to comment as often as I … Continue reading →

8:25 am Good Morning! SPX made the 61.8% retracement level, but may not be finished.  SPX futures are mildly positive, but no breakout above yesterday’s futures high at 4224.88.  Friday’s low appears to be the bottom of Wave 1.  Yesterday’s … Continue reading →

2:10 pm SPX tested Short-term resistance at 4224.12 and pulled back.  That may be a sufficient move for a reversal.  Make sure that you have at least a partial short position, although I would venture to say that this is … Continue reading →

7:45 am Good Morning! NDX futures remained glued to the Cycle Top at 14197.84 during most of the overnight session.  Tis morning near 6:30 am the futures began their descent, but remain above 14100.00 as I write.  The trendline at … Continue reading →

7:45 am Good Morning! NDX futures sold off to 13842.12, then bounced to 13939.88 ion a partial recovery.   It is on a sell signal with further confirmation at the 50-day Moving Average at 13689.74.  The immediate target is the March … Continue reading →

3:14 pm TNX has broken above its 100-day Moving Average and is testing the 50-day Moving Average at 15.98.  With the Master Cycle low last Friday, an aggressive buy signal (Sell UST) with confirmation at the 50-day.  Friday appears to … Continue reading →