Monthly Archives: September 2022

3:40 pm SPX has made a new low and is challenging the Lip of the Cup with Handle formation.  We may see the SPX reach 3400.00 in the next week or so whether it closes above or beneath the trendline … Continue reading →

3:15 pm SPX may be bouncing off the trendline at 3610.00 at this time.  All indications are that the decline may continue, whether crossing the trendline before the close or overnight. ZeroHedge comments, “To quote Jim Cramer, “they have no … Continue reading →

11:52 am SPX may be completing its bounce to yesterday’s high at 3717.53 where strong resistance lies.  Today’s day of strength appears to be the exact opposite of yesterday’s day of weakness where it tested the larger Lip of the … Continue reading →

2:27 pm SPX has taken out the June 16 low and is likely to challenge the Lip of the massive Cup with Handle formation at 3600.00.  The next two days may be instructive, as the target for the Cup with … Continue reading →

3:45 pm Today’s assignment for the dealers was to keep SPX above short gamma at 3650.00.  Mission accomplished…for today.  Tuesday and Wednesday both appear to be serious down days.   10:19 am One of the reasons for the bounce in … Continue reading →

SPECIAL REPORT I had shown the above chart of the TNX at least twice over the summer, indicating that I was monitoring its progress.  Then in September I noted the breakout and calculated the target for this move.  What it … Continue reading →

3:55 pm Today’s low nearly made it to the June 16 low at 3636.87 as it bounced from the Cycle Bottom at 3645.66.  However, There may yet be another probe lower on Monday.  It is too early to tell, as … Continue reading →

12:41 pm SPX is on a bounce that may be an attempt to get above the short gamma zone at 3750.00..  However, overhead resistance lies at 3780.00, making it difficult to do so.  Should it rise above 3780.00, it may … Continue reading →

3:25 pm The SPX did indeed make a new low…and tested 3900.00 to boot.  This afternoon had some pain for both the longs and the shorts.  Now the SPX is back below 3850.00 and testing short gamma for the second … Continue reading →

10:00 am SPX is now testing short gamma zone beneath 3850.00.  A plunge beneath that level confirms the continuation of the downtrend.  The trendline at 3875.00 remains as resistance.  Yesterday’s “bullish hammer” as reported by TME appears to be a … Continue reading →