Monthly Archives: November 2021

8:30 am Good Morning! SPX futures plunged beneath back beneath Intermediate-term support at 4616.50 this morning  to an overnight low of 4586.10 as the bear market resumes.   SPX completed a 4.3-day (top-to-top) Cycle at 1:00 pm yesterday and possibly set … Continue reading →

10:24 am However, the NYSE Hi-Lo Index only briefly opened positive and has declined since then.  This is not conducive to a strong, sustained rally.  Should the rally not be able to sustain itself in the next few hours, we … Continue reading →

11:42 am SPX fell beneath Intermediate-term support at 4599.82 and is back-testing that support/resistance area.  Nearby higher resistance is at 4620.00 -4625.00.  Should the SPX fail to exceed that level, the decline may resume shortly.   VIX is still beneath the … Continue reading →

8:00 am Good Morning! SPX futures have declined to a morning low of 4670.80.  It has already tested overhead (Short-term) resistance at 4689.02 and has since reversed.  Should investors attempt to hold the line at 4652.66, there may be another … Continue reading →

2:36 pm The NYSE Hi-Lo is now on a confirmed sell.  This is the final piece of the puzzle saying, “go short, young man!”   1:05 pm SPX is looking weak after it has completed an impulsive decline.  Normally we … Continue reading →

12:45 pm NDX also made a new all-time high, then threw a tantrum.  The trendline lies at 16400.00.  No signal yet, but its time to be alert. ZeroHedge remarks, “Update (1200ET): After Powell’s nomination, and a tailing 2Y Auction, it appears … Continue reading →

7:45 am Good Morning! SPX futures touched a new high of 4727.20 overnight, but are sinking away from the gamma-laden options strike at 4700.00 this morning.   The morning low was 4688.40 thus far.  Today is day 260 in the old … Continue reading →

11:00 am The Banking Index, proxy for market liquidity, has finally declined beneath Intermediate-term support at 138.44.  BKX declined beneath its Cycle Top support on November 3, but stayed glued to it for almost two weeks.  Today its departure signals … Continue reading →

3:10 pm TNX has settled down to its session low after the Treasury auction this afternoon.  It may retest its Intermediate-term support at 15.67 before resuming its rally. ZeroHedge observes, “After last week’s catastrophic 30Y auction, traders were keeping a … Continue reading →

10:33 am SPX is  in a tug-of-war between the bulls and the bears with the dealers attempting to keep it near Max Pain at 4685.00.  However, the Cycles Model implies a swift decline in the next week, which affords the … Continue reading →