Monthly Archives: December 2022

December 15, 2022

3:25 pm NDX has crossed back beneath the 50-day Moving Average at 11454.58.  The final support may be the Lip of the Cup with Handle at 11000.00.  There may be free-fall beneath it. ZeroHedge writes, “Over the weekend, we predicted that … Continue reading

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December 14, 2022

2:36 pm SPX has broken down beneath short-term support at 3995.59 and has bounced at the uptrend line at 3965.00.  It is on a sell signal with additional confirmation beneath the trendline and the mid-Cycle support at 3929.63.  Expect volatility … Continue reading

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December 13, 2022

1:52 pm BKX gave up all of its CPI spike gain and is back beneath the 50-day Moving Average at 102.74.  It remains on a sell signal, although an antacid may have helped the jumpy stomach this morning.  It’s downward … Continue reading

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December 12, 2022

8:00 am Good Morning! NDX futures rose to 11611.60 this morning, still beneath Friday’s high at 11707.08.  There are $3.7 trillion of expiring options on Friday, suggesting volatility ahead.  Today is day 258 of the equities Master Cycle.  Normally we … Continue reading

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December 9, 2022

11:45 am SPX may have reversed at 3975.90 at 11:45 am, as indicated this morning.  It achieved the Short-term resistance at 3984.00 before the cash open and may proceed lower for the duration of the day.  Be prepared for a … Continue reading

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December 8, 2022

11:30 am Crude oil futures plummeted to a new 2022 low at 71.14 this morning.  The Cycles Model suggests the current decline may last until the last week of December.  The Cup with Handle formation is still in play.  The … Continue reading

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December 7, 2022

8:15 am Good Morning! SPX futures have declined to a low of 3911.50 this morning, approaching Intermediate-term support at 3898.14.  There may be a short-term bounce at that level.  Should SPX bypass that support and go lower, the 50-day Moving … Continue reading

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December 6, 2022

10:15 am SPX has broken through the rally trendline at 3990.00, further confirming the sell signal.  The next target is the 50-day Moving average near 3814.96 – 3818.00(daily chart). ZeroHedge observes, “All of the US majors are in the red … Continue reading

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December 5, 2022

2:17 pm SPX is testing Short-term support at 3990.95.  Crossing beneath it would be a further confirmation of the sell signal.  Mike Wilson was the first analyst to mention a rally to 4100.00.  He is now saying, “It is done.” ZeroHedge … Continue reading

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December 2, 2022

9:47 am TNX extended its Master Cycle low this morning to day 276.  However, it has reversed to a higher level.  This may be considered an aggressive buy signal, but not confirmed until TNX rises above the 50-day Moving Average … Continue reading

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