Monthly Archives: September 2021

September 30, 2021

12:52 pm SPX has lost its grip on its support at the 100-day Movig Average at 4345.00 and is now entering the panic phase of the market.  Gamma is seriously negative below 4400.00 and may only beget more selling.  Can … Continue reading

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September 29, 2021

11:40 am While SPX hugs its Max Pain zone at 4375.00 to 4400.00, NDX is also walking a tightrope in the options arena.  QQQ (359.95) is the best example where a slip may plunge it into the abyss.  At the … Continue reading

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September 28, 2021 Pray for our Country

2:55 pm SPX bounced from the 100-day MovingAverage at 4341.00 at 1:00 pm.  It appears that the bounce may be ending shortly.  The 38.2% retracement level is at 4391.05, if it can make it.  This is no time for taking … Continue reading

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September 27, 2021

12:10 pm SPX is nearing the end of a probable Triangle formation.  Once complete, it may rise to 4475.00 to 4485.00.    Triangles often precede the final Wave in a series.  Standby for a final push higher this afternoon.  Once … Continue reading

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September 24, 2021 Pray for our Country

12;00 PM For those of your who may not be aware, the La Palma Volcano has intensified its eruptions and opened up yet another vent.  The threat of a tsunami intensifies, although the NOAA?National Weather Service has not recognized it … Continue reading

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September 23, 2021, Pray for Our Country

10:45 am I had originally labelled the Waves at 1-2-3.  However, the overlap and dimensions suggest otherwise.  I have concluded that we are either in a (1)-(2) or (A)-(B) formation in a Leading Diagonal Wave (1).  The rally is now … Continue reading

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September 22, 2021

8:05 am Good Morning! SPX futures rose to an overnight high of 4388.50, cchallenging the Cycle Bottom resistance at 4376.39, but staying beneath yesterday’s high of 4394.87.  This is meant to work off the oversold condition so that Stochastics reach … Continue reading

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September 21, 2021

10:05 am SPX rallied to the 50% Fib retracement level at 4396.49 in the first hour, a bit higher than expected.  The Cycles Model suggests the decline resumes this morning with the largest panic-selling episode just ahead.  While we may … Continue reading

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September 20, 2021, Pray for Our Country

2:45 pm SPX bounced at Nomura’s final support (before oblivion) at 4310.00, having gone past the 100-day at 4328.00.  Whether it holds or not is still in question.  A decline beneath 4300.00 introduces the concept of a running correction, that … Continue reading

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September 17, 2021

12:38 pm SPY may be on the verge of a gamma meltdown as there are 17,000 more put contracs than calls at 446.00.  At 445.00 there are 33,500 more puts than calls.  At 444.00 there are 28,000 more puts than … Continue reading

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