Monthly Archives: August 2022

2:53 pm NDX has slipped above the Lip/Neckline at 13020.00 to reach the 38.2% retracement value at 13213.31.  I currently have no higher target for this rally.  Mid-Cycle resistance at 14002.00 may be a faint possibility.  Friday also stands as … Continue reading →

7:15 am Good Morning! NDX futures declined to 12797.50, beneath their 100-day Moving Average at 12879.76.  The Chart shows that NDX challenged the neckline at 13020.40 and failed to close above it yesterday.  There may be an aggressive sell signal … Continue reading →

2:03 pm SPX appears to be consolidating near its high.  It may still have yet another probe as high at 4225.00. the 50% retracement of the decline from January 4 to June 17.  Today is day 60 from the June … Continue reading →