Monthly Archives: April 2022

8:00 am Good Morning! NDX futures attempted to assault the 50-day Moving Average at 14325.05, but failed, pulling back beneath Intermediate-term support/resistance at 14242.77.  While still oversold, the inability to overcome that double resistance may condemn the NDX to a … Continue reading →

9:40 am BKX is making new lows lest than a week after making its Master Cycle low. This is unusual, but may be anticipated in a slingshot move (lower).  We may see another test of the Lip of the Cup … Continue reading →

2:44 pm SPX is now beneath 4400.00 and deeper in short gamma territory.  There may be a final push as high as 4471.00 made this morning to complete the corrective pattern in an expanded flat correction during Wednesday options expiration.  … Continue reading →

2:18 pm The Ag Index is approaching what may be a massive Head & Shoulders neckline at 571.00.  There is some argument that the neckline may be at the March high of 592.02, with a possible target closer to 950.00.  … Continue reading →

10:15 am BKX ahs plunged beneath the Lip of the Cup with Handle formation and has entered a bear market with a 22% loss from the all-time high.  Today is day 262 of the current Master Cycle.  Should BKX not … Continue reading →

2:15 pm FOMC Minutes Signal Bigger, Faster-Than-Expected QT, Multiple 50bps Hikes ZeroHedge explains… …and there it goes… 2:00 pm SPX bounced at 4460.00 to retest the mid-Cycle resistance at 4503.96.  There is a likelihood that dealers and hedge funds supporting … Continue reading →

8:15 am Good Morning! SPX futures made a 78.6% retracement yesterday, then started easing down in the overnight market.  For tomorrow’s expiring options, Max Pain is at 4570.00.  It is bounded by long gamma at 4600.00 and short gamma at … Continue reading →

1:45 pm SPX has made a 52% retracement and may  turn down at any time.  Investors may short the SPX beneath 4500.00. ZeroHedge advises, “We have perhaps seen the end of the recent meltup as Nomura warns markets are suffering … Continue reading →

9:40 am GKX appears to have had its Master Cycle low on Tuesday at 527.64 on day 263.  I had allowed for a deeper low as Wave C is equal to Wave A at 515.00.  However, corrections are modest in … Continue reading →