Monthly Archives: June 2022

Note:  I will be absent from the blog during the week of July 4.  The blog may resume on July 11. 10:03 am BKX, our liquidity proxy, is now about to break into new lows not seen since February 2021.  … Continue reading →

3:23 pm VIX has been straddling the 50-day Moving Average and buy signal at 28.85 today.  The Triangle formation has been in a big stall since late January.  That is precisely what a Triangle is meant to do…buy time.  However, … Continue reading →

2:36 pm The equities decline continues.  The next probable support lies at 3800.00, shown in the chart.  Analysts are like deer in the headlights.  Nomura is waiting for the next shoe to drop.  Goldman finally admits “large cuts to earnings” … Continue reading →

8:15 am NDX futures have completed a 61.8% Fibonacci retracement from the June 17 low.  It is at a crossroads.  Is this a Wave 2 retracement, leading to a fast and furious Wave 3 and complete the 18.5-day Cycle mentioned … Continue reading →

7:50 am Good Morning! I am giving a shortened report this morning due to an outside commitment that may take the rest of the morning. SPX futures made a morning high of 3831.70, short of the June 15 high of … Continue reading →

5:00 pm BKX has been making new lows and The Cycles Model suggests that, after a brief show of strength this Friday (weekend?) it may resume its decline through mid-July before a bounce.  Is another Lehmann awaiting?  The news (below) … Continue reading →

11:40 am Crude oil futures remain on a sell signal, having made a new low today at 101.58.  The Cycles  Model suggests a continued decline to the last week of July.  There may be a bounce at mid-Cycle support at … Continue reading →

1:55 pm SPX made a 70% retracement of the June 16 decline.  It has not…overcome the gap left on Thursday open at 3788.19.  It may not have completed  Wave C of (5).  And it has not completed an Cyclical minimum … Continue reading →

7:40 am Good Morning! Due to today’s holiday, I am showing the “big picture” in the main indexes.  The Cycles Model shows a potential for two more market days of decline to reach completion of Primary Wave [1].  The Head … Continue reading →

1:15 pm Recall that today is day 256 of the Master Cycle.  It may be that, if SPX closes positive here, the decline may be over (First alternate).  However, today is day 11 of the decline from 4177.51.  The greater … Continue reading →