Monthly Archives: November 2022

1:55 pm SPX just crossed beneath the Cycle Top support at 3982.16 and declined beneath yesterday ‘s low.  This may constitute an aggressive sell signal, while yesterday’s decline did not cross the Cycle Top support. ZeroHedge remarks, “Are we about … Continue reading →

1:44 pm WTI futures plummeted to a morning low of 85.69, beneath the 50-day Moving Average at 86.01.  It has since bounced back to retest Intermediate-term support/resistance at 86.65 and is declining again.  This creates a sell signal off the … Continue reading →

1:40 pm Time is the essence of Cycles.  In this case, 21.5 market days have elapsed from the October 13 low in the SPX.  This is a typical retracement time.  In addition, the Wave structure may be complete. There may … Continue reading →

1:27 pm SPX has made its extension and may have completed Wave [e] of E of (B).  If correct, the minimum decline may take SPX beneath 3000.00.  An aggressive sell signal awaits beneath the Cycle Top at 3911..00.  The Cycles … Continue reading →

1:46 pm TNX is still beneath its Cycle Top at 42.22, but received a jolt this afternoon in the form of a “Disastrous 10-Year Auction.”  Reception was so poor tat dealers had to take 24% of the offering.  They, in … Continue reading →

10:56 am Last week I had warned that crude oil may give a false signal to the upside.  Yesterday it did just that, exceeding its prior high and completing its Wave 4 formation and Master Cycle (day 266).  This is … Continue reading →

1:155 pm SPX has reached the halfway point in this hourly Cycle.  There may be a sharp probe toward the 50-day, but the rest of the Cycle may be very sharply down.  No one will be ready for what comes … Continue reading →

8:10 am Good Morning! Note:  I may be unable to report on my blog tomorrow due to pressing family matters. NDX futures declined to a morning low of 10780.00 thus far.   The next support level is at 10700, where a … Continue reading →

11:23 am SPX has been challenging the 50-day Moving Average at 3838.27 this morning.  Beneath that is a sell signal.  However, as long as it straddles the line, there is a chance of a quick move to the 2-hour Cycle … Continue reading →

11:40 am SPX is now testing the 50-day Moving Average at 3843.00.  A sell signal lurks beneath that level.  While the shorts are being cautious, today’s reversal may rule out the potential for a continued rally, as this morning’s probe … Continue reading →