Monthly Archives: November 2021

November 15, 2021

2:27 pm I made a statement in error this morning.  I claimed that there was no Master Cyce terminus in the next two weeks.  I was wrong.  I tagged the November 5 high as the end of the Master Cycle … Continue reading

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November 12, 2021

1:02 pm The SPX has reached one of its possible retracement values where Minute Wave [c] is equal to Wave [a] at 483.00.  However, the Elliott Wave structure may not be complete and the 61.8% retracement is at 4685.02.  In … Continue reading

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November 11, 2021

11:02 am A curious thing is happening here.  At about noon today, the SPX may complete its first declining Cycle and retracement in 30.1 hours (4.3 days).  It has been stopped at the 38.2% retracement value at 4664.55 and doesn’t … Continue reading

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November 10, 2021

4:15 pm Should have bought those puts… ZeroHedge remarks, “People hated puts when they should have loved them We saw people puke puts just in time for the reversal. Nothing new really, but it adds to the complex psychology of … Continue reading

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November 9, 2021

1:13 pm VIX is challenging its 50-day Moving Average at 18.46.  However, there is a triple resistance in very close range (18.74) that must be overcome to confirm the buy signal.   A breakout here would be nice, but there is … Continue reading

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November 8, 2021

7:50 am Good Morning! SPX futures are positive, but no new high was made this weekend.   SPX closed Friday above its Cycle Top support at 4690.03, leaving it capable of going higher.  Today is day 249 of the Master Cycle … Continue reading

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November 5, 2021

10:00 am The GSCI Ag Index is in a pullback, which is counter-intuitive while equities are melting up.  The 43-week Moving Average at 410.55 puts a baseline under the uptrend, limiting potential pullbacks.  The 50-day Moving Average is at 417.17, … Continue reading

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November 4, 2021

8:15 am Good Morning! Just when the market reaches its upper trendline (Cycle Top) it has a throw-over.  SPX futures hit a new all-time high of 4667.70 this morning.  Today is 31 calendar days from the October 4 low.  The … Continue reading

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November 3, 2021

10:50 am Crude Oil futures slipped beneath the Cycle Top support at 81.93 this morning.  This would be considered an aggressive sell signal.   The Cyclse Model projects a possible low occurring the week after options expiration. ZeroHedge reports, “Oil prices … Continue reading

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November 2, 2021

9:20 am Good Morning! SPX futures reached an overnight high of 4617.70, not wanting to giv up its perch near Monday’s high.  Wednesday’s options are very light, but bullish above 4595.00.  Options gamma may not influence the SPX as strongly … Continue reading

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