Monthly Archives: December 2021

8:30 am Good Morning! SPX futures are in decline, approaching the aggressive sell level at 4675.00 (sound familiar?)  Confirmation may come at the Short-term and mid-Cycle supports at 4642.56.  Apparently a 3-day short-covering rally does not sho on the Cycles … Continue reading →

2:47 pm TNX rose to 15.37 this morning until short covering came in before the 10-year Treasury auction.  The Cycles Model shows strength of trend continuing through the weekend, suggesting TNX may breakout above the 50-day Moving Average at 15.9 … Continue reading →

10:55 am SPX has spent 10 hours in the short squeeze rally instead of the 8.6 that I had proposed.  The reason is that the structure of the rally is an A-B-C correction, which generally does not follow Cycle structure … Continue reading →

2:47 pm SPX finally reveals its structure as it completes a Wave (c) of [ii].  I have been warning of a coming panic and now it is time.  The Decline to Friday’s low was 8.6 days.  The Cycles Model suggests … Continue reading →

3:45 pm SPX is finally beneath the trendline this afternoon.   The VIX is above 32.00 and the hi-Lo is currently at -120.00.  The Decline is underway.   Panic next week? ZeroHedge observes, “S&P 500 futures have a distinctly bearish tone after a … Continue reading →

3:10 pm SPX has taken 10 hours into the afternoon high from yesterday’s high.  It is said that both time and price requirements must be met to complete a Cycle.  the 61.8% retracement is at 4596.37.  Thus far, the bounce … Continue reading →

4:10 pm On a periodic basis I check the 2-hour, daily, weekly and monthly charts for consistency.  One of the problems with hourly and even daily charts is “drift,” where trendlines, formation outlines and even labels tend to become out … Continue reading →