Monthly Archives: April 2023

3:16 pm GKX finally completed an 8.6-month Cycle in the form of an expanded flat correction.  Earlier this week I warned that it may have been targeting the trend channel at 424.00.  Today’s move was sufficient to fulfill that target.  … Continue reading →

12:08 pm The Ag Index broke through a very narrow trading band support at 439.11 on day 279 of the Master Cycle.  There is a trendline support at 324.00 which may stop the decline in the next few days.  If … Continue reading →

8:00 am Good Morning! NDX futures bounced to 12912.20 in the overnight session, attempting to emerge out of short gamma, but pulled back substantially from there.  The return of (downside) trending strength was anticipated in the Cycles Model.  It suggests … Continue reading →

11:57 am BKX has fallen beneath the Cycle Bottom support at 81.16, confirming the sell signal after reversing from the 50-day Moving Average at 85.95 on the 19th of April.  The new Master Cycle is projected to run until mid-June.  … Continue reading →

9:32 am BKX may be resuming its decline following the reversal on April 19.  The next decline may be as strong (or stronger) as the first, leading to a possible 50% decline, in line with the Head & Shoulders target.  … Continue reading →

8:00 am Good Morning! SPX futures are consolidating after having broken beneath the rising trendline on day 247.  The Cycles Model suggests that, if the reversal has been made, the next week may give us a panic decline.  The Model … Continue reading →

7:20 am Good Morning! SPX futures have crossed beneath the trendline at 4145.00, giving a probable aggressive sell signal.  I cannot stay to comment further.  Confirmation is at the 50-day Moving Average at 4040.11.  The punchbowl is down to its … Continue reading →

6:30 am Good Morning! SPX futures have challenged the rising trendline at 4130.00, making a potential aggressive sell signal.  Aggressive signals offer a high risk, high reward pivot point at which volatility is still capable of taking either direction.  However, … Continue reading →

8:20 am Good Morning! Note:  I will be absent from blogging on Wednesday and Thursday.  Friday will be my next opportunity to comment. NDX futures have risen to 13193.30 this morning.  As mentioned yesterday, NDX has yet another probe higher … Continue reading →

1:23 pm SPX is testing the trendline leading to a breakdown.  The likely path to a reversal may yet be another final probe to 4150.00 before doing so.   8:00 am NDX futures remain flat with the April 4 high … Continue reading →