Monthly Archives: January 2024

January 31, 2024

2:30 pm NDX has declined through its Cycle Top at 17252.00, putting it on an aggressive sell signal. ZeroHedge remarks, “Since The Fed’s (uber dovish) last meeting on December 13th, the dollar is down, bonds and gold are up, and … Continue reading

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January 30, 2024

1:42 pm BKX is making its final probe toward the 61.8% Fibonacci retracement value nine months after its last waterfall event.  Today is day 271 from the day of its panic low on May 4, 2023.  A new panic event … Continue reading

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January 29, 2024

8:00 am Good Morning! NDX futures remain flat near 17400 over the weekend.  A top has been made at 17665.26 on Wednesday, day 273.  Since then, NDX has eased back into “neutral” near 17400.00, neither making new highs nor breaking … Continue reading

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January 26, 2024

8:00 am Good Morning! NDX futures rose to 17474.80 this  morning after making its All-tim closing high yesterday.  The All-time intraday high was made on Wednesday.  Levels to watch for are the Cycle Top, at 17166.88, where an aggressive sell … Continue reading

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January 25, 2024

2:18 pm BKX, our liquidity proxy may have topped out its retracement at 96.66.  Should it remain beneath its Cycle Top resistance at 96.35, it may create an aggressive sell signal.  Confirmation of the sell signal lies beneath Intermediate support … Continue reading

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January 24, 2024

3:28 pm SPX appears to be making a round trip back to the flat line.  Just be aware that the daily Cycle Top is at 4820.00 where an aggressive sell may be made.  We may have just seen the blow-off … Continue reading

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January 23, 2024

9:37 am BKX, our liquidity proxy, may make another attempt at the Cycle Top at 95.93 today.  The Master Cycle low occurred on January 18 which gives the BKS about a week to complete a bounce, barring any catalyst that … Continue reading

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January 22, 2024

1:30 pm BKX is testing its Cycle Top resistance at 95.73 this morning after having made a Master Cycle low on Thursday, day 259.  A decline beneath Intermediate support at 93.41confirms a sell signal with further confirmation beneath the 50-day … Continue reading

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January 19, 2024

9:56 am BKX is on a bounce – 24.4% thus far.  Overhead resistance is at 93.08 which, if attained, would give a 30% retracement.  A normal retracement would seek the Cycle Top at 95.49, but the situation is eroding enough … Continue reading

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January 18, 2024

2:47 pm The SPX rally was stopped this morning at the Ending Diagonal at 4766. 10.  The afternoon rebound may have hit resistance at the 1987 trendline at 4775.00.  The retracement may have gone sufficiently high enough to allow the … Continue reading

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