Monthly Archives: May 2022

8:10 am Good Morning! Hope springs eternal as the NDX futures rallied to a new retracement high at 12552.90 this morning.  Yesterday was “relatively” calm as the Cycles Model suggested.  Today, on the other hand, is likely to be a … Continue reading →

9:45 am The Ag Index may have made its Master Cycle Low yesterday on day 270.  That leave an irregular correction wit a resumption of the rally through the end of May.  The Head & Shoulder formation offers a significant … Continue reading →

3:33pm SPX has declined beneath 4000.00 where there are virtually no calls.  This is a pure short gamma play with no support.  A limit down day (or two) awaits.  Watch out below! ZeroHedge observes, “Nasdaq is now down 3% since … Continue reading →

2:41 pm What’s amazing is how badly the NYSE is being “hollowed out”  and still seems relatively orderly.  That is because a lot of passive investors do not yet realize how exposed to risk they really are.  When that happens, … Continue reading →

11:05 am BKX has been in an overlapping, contentious decline from January 13, 2022.  Although there may be different interpretations, the decline may be an extended one, with the worst at our doorstep.  The new Master Cycle is not due … Continue reading →

10:06 am You may recall that I had suggested a “normal” retracement may go back to 4300.00.  Well, SPX appears to have formed a Triangle this morning at a minute scale that suggests the retracement to 4300.00 may indeed happen.  … Continue reading →

11:53 am SPX appears to be weaker than one would expect for a normal retracement.  I would revise the target for the correction to merely rise to 4220.00-4230.00, should current weakness continue.   Be aware that a reversal may be abrupt … Continue reading →

3:19 pm The Ag Index may have just made a very shallow, irregular correction on day 263 of its Master Cycle.  We should await a clear reversal pattern with a probe above the Cycle Top resistance at 580.63 to take … Continue reading →