Monthly Archives: August 2021

3:33 pm Note:  I have booked an early morning flight to see my mother, who was admitted to the hospital Sunday afternoon.  The needed surgery to correct her condition may not be possible, since her cardiologist is concerned that her … Continue reading →

1:47 pm It originally appeared that the SPX at 4500.00 met all the requirements for the rally.  But the Fed will not allow a sell-off before Jackson Hole.  The revised target is now 4520.00 (+/-).  Today is day 261 in … Continue reading →

11:03  am SPX is heading for Short-term support, where there may be a bounce.  Should it decline through it, the next support is at the mid-Cycle and trendline at 4411.14.  This jolt to the market may be stronger than originally expected.  … Continue reading →

2:30 pm 4501.08…That’s all it needs, folks!   11:50 am SPX has now exceeded its EW target of 4495.00.  It is very likely that it may rise to 4500.00 or higher.  We are very close to a reversal.  It’s time … Continue reading →

2:32 pm It appears that we are now counting “wriggles” in the pattern.  This is a small extension with a probable target near 4495.00.    All trends end in a 5-Wave impulse, down to the last degree.  I am observing at … Continue reading →

3:39 On day 257 we may see a reversal within 24 hours.  Draw your own conclusion. A very frustrated NorthmanTrader reiterates, “Following all time highs last week markets actually also got to within an inch of a complete breakdown. Again. And … Continue reading →

10:25 am I appears that the retracement may attempt a retest of the shoprt-term trading channel trendline near 4460.00, although Short-term resistance at 4436.00 may be tough with the 61.8% Fibonacci retracemennt at 4437.19.  What happens after that is a … Continue reading →

10:55 am The NYSE Hi-Lo Index opened at -23.00 in a decline, but has bounced, though in the negative.  The sell signal remains intact.   The NDX Hi-Lo Index declined to -97.00 and may be triggering another sel signal.   10:45 … Continue reading →

3:00 pm With a new all-time high in the making, it’s time to reassess the Cycles.  The last Master Cycle bottomed on July 19 (day 252).  Today is day 250 of the current Master Cycle.  The amazing thing is that … Continue reading →

8:50 am The GSCI Ag Index broke out above its previous high at 427.51 yesterday, indicating the rally is in full swing.  The Cycles Model suggests it may continue to the week of August 23.  The next resistance is at … Continue reading →