Monthly Archives: August 2022

7:45 am Good Morning! SPX futures have declined to 4266.00, on their way to trendline support at 4225.00.  SPX left a “shooting star” candle and closed just above mid-Cycle support at 4298.00. It missed the 200-day Moving Average by a … Continue reading →

8:30 am Yesterday may have been the Master Cycle high for the Ag Index.  Today will tell whether a reversal is in store.  Despite the rising fundamentals, it appears the GKX is due to decline over the next two months, … Continue reading →

3:43 pm SPX has reached its mid-Cycle resistance at 4300.58 today.  Mid-Cycle is different from the 200-day Moving Average due to an 185-day calculation.  Cycles do not work on integers divided by 10.  However, many will claim that it has … Continue reading →

7:55 am Good Morning! NDX futures are consolidating beneath yesterday’s high.  The bounce off yesterday’s low lifted the NDX to 13388.10, a 41% retracement of the decline off the top.  It has since eased lower.  Despite the notion that the … Continue reading →

12:15 pm I have completed a Cycle study of the most recent events and have found that my Cycle interval of 18.5 is still at work.  From the May 20 low to the June 17 low was 28 days (18.5 … Continue reading →

 5:00 pm The final high was in the last hour of the day.  Will there be an Island Reversal or even a Limit Down day tomorrow?   1:10 pm SPX rallied toward  the Cycle Top at 4213.94 and above long … Continue reading →

12:28 pm The Ag Index only has a week to go in the current Master Cycle.  This looks dicey, but I am leaning toward another low, just to foil the experts.  In the meantime, some market gurus are calling for … Continue reading →

12:33 pm SPX is testing its modified Ending Diagonal trendline at 4135.00.  The odds of yet another rally higher are slim, but may not be completely ruled out until SPX breaks down beneath trendline support.  Additional confirmation of the breakdown … Continue reading →

4:01 pm Imagine that!  Closing price at Max Pain 4145.00.   2:28 pm SPX stopped its retracement at 4151.58, short of the Ending Diagonal trendline and 2-hour Cycle Top.  It is on an aggressive sell signal with confirmation beneath the … Continue reading →

8:30 am Good Morning! SPX futures inched higher, to 4170.70 this morning.  Today is day 255 of the Master Cycle. This is the final phase of the rally where we may see a pullback, then the final probe to 4200.00.The … Continue reading →