Monthly Archives: October 2021

7:30 am Good Morning! My wife and I are leaving for a “destination wedding” at Boyne Falls this weekend.  The colors should be magnificent. SPX futures rose to an overnight high of 4457.80 where Wave [v] of C is .62 … Continue reading →

1:30 pm SPX has reached its target (Max Pain) allowing a minimum payout by the dealers and hedge funds.  By 3:00 pm, it will have completed a half-Trading Cycle  of 30.1 market days and 43 calendar days from the all-time … Continue reading →

2:33 pm While we were watching the SPX, another indicator has turned.  The BKX, a proxy for market liquidity, has reversed down from Monday’s high and the Cycle Top resistance at 140.05.  A Master Cycle reversal may be considered a … Continue reading →

1:35 pm Today’s action in the TNX may have confirmed last Friday’s Master Cycle high.  The Cycles Model now suggests a possible 5-week pullback in bonds.  This may be due more to a knee-jerk reaction to a sell-off in stocks … Continue reading →

11:05 am Theepochtimes comments on food prices, “Food prices across the world have risen to their highest levels in a decade on the back of tightening supply conditions coupled with robust demand, according to the Food and Agriculture Organization of the … Continue reading →

8:00 am Good Morning! SPX futures are hovering near 4400.00 this morning, no doubt due to the influence of options expiration at the close today.  At 4400.00, there is open interest of 5,833 call contracts and 4599 put contracts.  beneath … Continue reading →

11:30 am SPX overshot beyond the 17.2 hour time allotted and the 50% retracement level at 4412.00.  However it did fall short of the 61.8% retracement level at 4440.00 an the 50-day Moving Average at 4438.00.  The basic analysis remains … Continue reading →

3:20 pm As a further evidence of a bearish structure, the NYSE Hi-Lo Index opened negative and remains so going into the close.  The adjusted reading (sans the ETFs), which will not be available until morning, may be considerably more … Continue reading →

2:11 pm SPX spent precisely 8.6 hours in this retracement which fell short of the 50% Fibonacci level at 4371.34.  It is also 8.6 days from the Wave (B) high.  While it may go higher, it has relieved the oversold … Continue reading →

1:05 pm A momentous occasion…NDX just crossed beneath its Ending Diagonal trendline, implying a complete retracement of its rally since March 23, 2020.  For those of you who question my ‘Point 6″ of the Orthodox Broadening Top, the low at … Continue reading →