Monthly Archives: July 2023

1020 am I have had some questions from readers about the “Long View” in the SPX.   I actually became aware of this trendline in 1987, as the SPX found support on it at the October 22 low.  That gave me … Continue reading →

7:50 am Good Morning! NDX futures bounced from its 3-month trendline at 15425.00 to make a partial retracement to 15617.50, beneath the Cycle Top resistance at 15648.95.  It remains on an aggressive sell signal.   The Master Cycle high remains on … Continue reading →

2:28 pm SPX finally gave an aggressive sell signal, falling beneath the two-month trendline at 4565.00-4570.00.  Today is day 266 of the Master Cycle, so the chances of new highs has declined.  SPX is still finding its new direction, so … Continue reading →

1:40 pm Here’s some advance notice on SPX.  It has been testing the 2-month tendline for the past week and may be about to trigger an aggressive sell signal.  The trendline lies at 4550.00 and is likely to be broken … Continue reading →

8:00 am Good Morning! NDX futures have bounced to 15516.10 this morning, beneath the Cycle Top support/resistance at 15520.00.  It is on an aggressive sell signal.  The sell signal becomes a confirmed sell signal beneath Intermediate support and the smaller … Continue reading →

10:16 am The Banking Index is in day 255 of its Master Cycle.  It appears that the Cycle reversal may be a result of the FOMC announcement on Wednesday, day 257.  It is interesting how Cycle turns may occur on … Continue reading →

3:21 pm SPX is testing the 2-month trendline at 4535.00 (was 4525.00 yesterday).  A decline beneath this second support reinforces the aggressive sell signal.   7:15 am Good Morning! NDX futures bounced to 15557.10 this morning in the expected retracement … Continue reading →

3:35 pm SPX futures may be bouncing off the Diagonal trendline at 4525.00.  The 2-moth trendline is a clear demarcation for a sell signal.  Keep that in mind as tomorrow may be the largest July op-ex in history. ZeroHedge remarks, … Continue reading →

7:45 am Good Morning! NDX futures are hovering near yesterday’s intra-day high as they struggle against overhead trendline resistance.  Today is day 258 of the Master Cycle.  It is time to anticipate a reversal as the Cyclical structure may be … Continue reading →

10:15 am BKX has resumed its probe higher and may extend the current Master Cycle another week or longer.  Today is day 249.  The formation is rather complex, but may  become clearer over the next week.  Reducing bond yields increase … Continue reading →