Monthly Archives: June 2022

9:54 am The Ag Index finally made its Master Cycle low yesterday, on day 277 of the last Cycle.  This opens the door for a rally that may last until the end of July, the only long opportunity on my … Continue reading →

12:55 pm The bounce in SPX may have been stopped by Cycle Bottom resistance at 3782.28.    SPX appears to have topped out at 3794.73 and has dropped beneath resistance, creating a sell signal.  The chart shows yet another possible  … Continue reading →

11:05 am SPX inverted and made a new bear market low at 3731.13 just before 11:00 am.  The attempted bounce has failed and SPX is now trading below water.  We can expect a deep dive today, as a new hourly … Continue reading →

10:40 am There is a chance that a bounce may be in order.  SPX has a huge set of (14840) put contracts at 3800.00 and there may be an effort to rise above that level.  The next large population of … Continue reading →

10:14 am The Ag Index may be finishing a late Master Cycle low on day 272 of its Master Cycle.  It may be obvious that the lower liquidity is having an impact on ag prices as well, but nowhere near … Continue reading →

3:11 pm SPX has fallen into short-gamma territory.  Short-term support at 4048.00 may provide a bounce, but it remains on a sell signal beneath 4120.00.  Buckle up for the ride. The NYSE Hi-Lo Index opened at -11.00 and has declined … Continue reading →

1:20 pm SPX is challenging the Lip at 4120.00 after what appears to be a “failed” Wave [v] of Wave C.  Dealers don’t want to let go of their grip prior to op-ex, but I suspect their hold on the … Continue reading →

2:22 pm VIX made a new Master Cycle low today on day 260 of its Master Cycle.   It may not be finished with its decline, as the mid-Cycle support at 23.29 may be the target.  This reinforces the observation that … Continue reading →

7:45 am Good Morning! NDX futures are retesting Intermediate-term resistance at 12732.89 after reaching for the Lip of the Cup with Handle formation on Friday.  Friday’s reversal from the Lip may be the triggering event for the new decline over … Continue reading →

8:30 pm While other analysts are trying to “map out” the decline based on prior crashes, each one is different.  What I am attempting to do is compare the magnitude of bearish formations, primarily the Cup with Handle.  There are … Continue reading →