Monthly Archives: November 2023

2:55 pm As mentioned before, NDX may be the first index to give a sell signal.  Be prepared for a bounce to 16000.00-16060.00 before a larger reversal down.  A decline beneath short-term support at 15744.00 confirms the aggressive sell.  The … Continue reading →

7:45 am Good Morning! My vision is coming back, but not 100%.  I will do my best to give a shortened summary. NDX futures are consolidating beneath Last Wednesday’s high.  Since NDX has lost its leadership in the rally, it … Continue reading →

10:25 am BKX, our liquidity proxy, has been repelled from the 200-day Moving Average, currently at 83.11, twice thus far.  It may be considered on an aggressive sell signal with confirmation at the mid-Cycle support/resistance line at 80.90.  The Fed … Continue reading →

8:10 am Good Morning! NDX futures rose to 16011.00 this morning as the index continues to consolidate beneath Monday’s high at 16056.76.  Yesterday’s action may have caused an island reversal, leaving a gap between Tuesday’s open at 15951.00 and Monday’s … Continue reading →

8:30 am Good Morning! NDX futures slid beneath 16000.00, declining to 15975.00.  Today is day 253 in the Master Cycle, leaving an approximate week of possible gains in the rally.  The Cycles Model suggests that, should the rally use this … Continue reading →

8:20 am Good Morning! SPX futures are consolidating beneath Wednesday’s high on day 247.  Today is day 252, leaving this week as a possible turn window, if not already.  Seasonality may keep SPX elevated this week.  However, the index is … Continue reading →

10:36 am BKX, our liquidity proxy, is probing near the 61.8% Fibonacci retracement level at 83.18.  It has exceeded the mid-Cycle resistance at 81.61, which may be used as a sell signal on the way lower.  The Cycles Model proposes … Continue reading →

8:00 am Good Morning! US Tech futures are lower this morning, to 15757.00.  Be aware that there is minor support at 05725.00, beneath which no support can be found to 15535.00.  This may lend itself to a gap down, leaving … Continue reading →

12:10 pm BKX is nearing its 61.8% Fibonacci retracement at 83.78.  After some consideration, I have concluded that this bounce is merely a two-week “bump” in the down trend.  Prepare for a decline similar to, if not greater than, the … Continue reading →

12:42 SPX has made the 61.8% Fibonacci retracement value of the decline since July 27.  This is a common retracement value for a Wave (2) retracement.   7:45 am Good Morning! SPX futures declined to 4393.00 over the weekend, but … Continue reading →