Monthly Archives: August 2021

12:17 pm In the meantime, the NDX has made a partial retracement of its decline and appears poised for the next (most powerful) phase of its decline.  Because its peaked on August 5, its decline may take 12.9 days.  NDX … Continue reading →

10:25 am Now that SPX has risen to a new high, it appears to be aimed directly at the Cycle Top resistance at 4468.30.  The triangle formation tells us that this is the final move to the peak. The VIX … Continue reading →

11:07 am NDX may be challenging its trendline at 15050.00.  You may either use the trendline as an aggressive sell signal or wait for a cross beneath Short-term support at 14967.00 for confirmation. In addition, SPX appears to have declined … Continue reading →

7:45 am Good Morning! SPX appears to have completed Wave iii of (c) in Wave [v] of 5.  You may be viewing 8 of the 9 degrees of trend and the 9th may be on its way.    I am … Continue reading →

2:54 pm I’m finding this hard to believe, but it appears that Wave v of (c) may have truncated.  In other words, all of the components are there, but it has fallen short of its target beyond this morning’s high … Continue reading →

1:03 pm This market may get crazy here.  The venue is bifurcating with the primary outlook is a rally to the Cycle Top at 4457.76 as the primary target.  (NDX has made a new all-time high today.  The DJIA has … Continue reading →

8:00 am Good Morning! SPX futures have backed down to 4413.10 in a brief pullback.  The Wave pattern is much clearer and indicates a potential rally to the Cycle Top at 4460.44.  It may come in two more pushes higher … Continue reading →

12:38 pm While SPX remains above 4400.00, things could go south quickly.  This morning’s low at 4373.00 is testing Short-term support.  Tomorrow’s options lean towarde puts beneath 4400.00 with a critical mass being reached below 4375.00.  We are looking for … Continue reading →

7:40 am Good morning! SPX futures are higher this morning, but not making new highs.  Thursday’s high at 4429.97 remains the peak of this Cycle at day 262 but the breakdown has not occurred.  In the options market, the calls … Continue reading →