Monthly Archives: November 2022

3:35 pm SPX at 4100.00?  Usually the mid-Cycle resistance at 4027.23 would be the stopper for this rally.  However, due to other analysts calling for the SPX at 4100.00 I put the trendline across all the tops since January, not … Continue reading →

2:55 pm SPX bounced off Short-term support at 3936.50 and attempted a retracement which may have failed.  While it may have avoided short gamma at 3940.00 the first time, it may be revisiting it into the close. ZeroHedge advises, “In … Continue reading →

2:09 pm SPX is on an aggressive sell signal which may not be confirmed until it reaches/passes Short-term support at 3922.41.  The decline may persist until mid-Cycle support and trendline at 3821.71 where it may bounce.  However, this decline may … Continue reading →

9:15 am Good Morning! SPX futures reversed yesterday from a high at 4040.00 and continued to decline today, a Cyclical Pivot day and day 272 if the old Master Cycle.  The new Master cycle may prove to be short, but … Continue reading →

3:25 pm SPX has completed 30 trading days from the October 13 low, completing its final retracement push.  I had previously mentioned that Friday would be a day of strength and a pivot day, to boot.  It would be wise … Continue reading →

8:15 am Good Morning! SPX futures rose to 3968.50 this morning on light trading as it bounces between the 100-day Moving Average at 3908.97 and the mid-Cycle resistance at 4036.48.   Today is day 271 of the Master Cycle and the … Continue reading →

11:55 am Last week I had mentioned a final probe lower might be necessary to complete the current Master Cycle.  Today it may have arrived with support at 460.00 holding the low on day 258 of the Master Cycle.  There … Continue reading →

8:15 am Good Morning! SPX futures rose to a morning high of 3983.60, a 62% retracement of the prior decline.  Yesterday I had mentioned that the “normal” retracement would go to 4000.00.  The top of Wave [iv] appears to be … Continue reading →

11:50 am The last four months have been a good time to accumulate shares in the Ag Index, whichever fund/ETF you choose.  Today we find the index at day 254 of its Master Cycle with firm support at 460.00.  A … Continue reading →

8:10 am Good Morning! NDX futures bounced to 11923.00 in the overnight market, 50 points shy of the 100-day Moving Average at 11983.82.  Since then it has eased lower, but not to new lows.  Yesterday it rose to challenge the … Continue reading →