Monthly Archives: December 2021

4:00 pm   The Christmas rally may be over.  None of the indices made new all-time highs today, despite the all-out effort to do so.  Next week is likely to be profit-taking.  I regret to say I will be absent … Continue reading →

8:20 am Good Morning! SPX futures may have completed its retracement at the 61.8% level at 4655.00 this morning.  It has been moving lower since then.  Just a note on Cycles; trending moves are very likely to follow precise Cyclical  … Continue reading →

2:15 pm SPX made two 8.6-hour declines from the high at 4731.99.  Today it has complete an 8.6-hour rally from the low.  It may now be ready for another 17.2-hour decline from here, closing out the day before Christmas Eve … Continue reading →

1:45 pm SPX made two 8.6-hour declining impulses.  It is now in a brief correction that may top out at the trendline near 4570.00.  The next decline may be a doozy, since its may be due for a new low … Continue reading →

3:42 pm BKX challenged its mid-Cycle support at 129.53 and the 200-day Moving Average at 128.84 today.  Although it may close above those supports, the die is cast for a major breakdown in liquidity.   2:02 pm SPX is desperate … Continue reading →

2:45 pm SPX is fast approaching its mid-Cycle support at 4660.00 where a sell signal may be made.  The experience of the past two weeks can be called a shake-out, where weak players make a hasty exit as the are … Continue reading →

2:45 pm SPX may complete the bounce at the 61.8% Fib retracement level at 4672.68.  Oddly, the Max Pain zone for today’s options expiration appears to be at 4770.00.  We may be spending the final hour of the day near … Continue reading →

  3:50 pm NDX has reversed at the 33% retracement level.  The decline may resume at this point. ZeroHedge observes, “A few days ago, with the Nasdaq at all time highs, we showed a striking chart: barely 40% of the Nasdaq’s … Continue reading →

1:48 pm NDX is challenging mid-Cycle support at 16132.39, potentially confirming its sell signal a second time this month.  Last Monday’s 5.6% rally deflated the shorts, but this time the decline may be much more convincing.  The NDX Hi-Lo Index … Continue reading →

7:50 am Good Morning! SPX futures rose to an overnight high of 4689.60 before settling down somewhat near 485.00.  SPX may have completed its first impulsive decline from the top at the close and is now in a corrective phase.  … Continue reading →