Monthly Archives: October 2022

October 31, 2022

9:46 am The Agriculture Index rose out of its 269-day Master Cycle low this morning.  The Cycles Model calls for a potential rally lasting about 3 weeks.  This may be an aggressive buy signal.  Once it rallies above its 50-day … Continue reading

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October 28, 2022

2:05 pm SPX may be completing the final Wave of Minute Wave [c] near 3900.00, which is round number resistance.  Another resistance nearby is the 100-day Moving Average at 3910.00.  The current Cycle has taken 51.6 days from the August … Continue reading

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October 27, 2022

6:30 am I will be out of town to attend the funeral of my uncle.  Here are a few early thoughts. SPX futures rose to an overnight high of 3856.00, but have since receded to the flat line as I … Continue reading

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October 26, 2022

3:33 pm NDX as reversed and fallen beneath Intermediate-term support at 11447.00, creating an aggressive sell signal.  Confirmation lies at the Lip of the Cup with Handle formation at 11045.00.  Intermediate Wave (C) of Primary Wave [3] promises to be … Continue reading

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October 25, 2022

    1:46 pm The question “Who’s on first?”  is being answered today.  I had previously commented about the unusual flow of liquidity in the markets.  But the behavior of the market tells us some big player was (or soon … Continue reading

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October 24, 2022

3:30 am This is like reporting on a runaway train.  It is on the same track, just gone further.  I had mentioned a seventh reversal may happen instead of five.  Such is the case.  Prepare for a 12.9-market day decline. … Continue reading

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October 21, 2022

8:20 am Good Morning! SPX futures are now beneath the Lip of the Cup with Handle formation at 3650.00, having reached a low of 3632.40 thus far.  The probability is that the formation is being activated with the anticipation of … Continue reading

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October 20, 2022

1:55 pm SPX has tumbled beneath Short-term support at 3672.00 for the second time in two days and has made a lower low.  The next support lies at 3650.00, where short gamma intensifies. Zerohedge informs us, ” Short term options speculation … Continue reading

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October 19, 2022

1:40 pm TNX has spiked higher, partially due to the Band of England putting bonds on the market in November ad partially due to the reaction the bond market in the US has received.  Today’s 20-year Treasury auction is the … Continue reading

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October 18, 2022

1:30 pm SPX opened…and peaked today at the completion of market day 43 from the June 16 top…to the hour.  This leaves us 17.2 market days of (panic) decline to complete Primary Wave [3] in a 60.2 market day Cycle.  … Continue reading

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