Monthly Archives: April 2022

2:30 pm NDX is beneath the Lip of the Cup with Handle formation for the second time.  There is likely to be no recovery as the mutual funds are all lined up to sell in the final hour of the … Continue reading →

3:42 pm BKX, our liquidity proxy, is proof that liquidity is being drained from the markets.  the Cycles Model suggests the new Master Cycle may decline through the last week of June. ZeroHedge observes, “As three of America’s largest banks … Continue reading →

7:20 am Good Morning! I am leaving early to assist a son in a project that may take all day.  I’ll do my best with the little time I have. SPX futures declined further to 4154.70 early this morning.  It … Continue reading →

4:00 pm NDX just took out the March 15 low at 13020.40 and is now officially in a bear market with a loss of 22.4%.  The chances of a recovery are nil. ZeroHedge observes, “As Elon Musk made yet more … Continue reading →

11:20 am Crude oil futures took a beating today, down over 6% this morning.  Last week I had warned that WTIC is due to collapse in an Intermediate Wave (C) of Primary Wave [2].  The Cycles Model suggests the decline … Continue reading →

3:50 pm SPX continues its decline.  This is not a time to take profits yet.  The next bounce may be at the trendline at 4100.00.   7:40 am Good Morning! NDX futures probed lower in the overnight session, to a … Continue reading →

7:45 am Good Morning! SPX futures rose to a morning high at 4501.20, just beneath the mid-Cycle resistance at 4507.80 and the 50% retracement values at 4509.50.  Friday’s options expiration shows Max Pain at 4450.00, near yesterday’s close.  Options gamma … Continue reading →

9:47 am The Ag Index continues to retest the neckline at 570.50 in preparation of another move higher.  Today is day 251 of the Master Cycle.  I am not looking for a turn yet, as there is an increase of … Continue reading →

2:30 pm Market Has Reached “Exhaustion Equilibrium”, Gamma-Hedging Flow Impacts Will Only Get Worse From Here Make sure you are short beneath the 50-day Moving Average at 4420.00.   1:37 pm The Ag Index is back-testing a probable support line … Continue reading →

3:20 pm SPX could not rise to the 50-day Moving Average at 421.14 today, showing profound weakness.  Should SPX decline beneath 4370.00, it may continue the decline to new lows.  Otherwise, there may be another attempt to retrace more of … Continue reading →