Monthly Archives: January 2024

10:52 am BKX may be setting up a bounce, since today is day 258 of the current Master Cycle.  It is competing with the January 5 high at 97.87 for the terminus of the current Cycle.  The Cycle Top at … Continue reading →

9:45 am BKX has declined beneath Intermediate support at 92.25, reinforcing the sell signal made last Friday at the Cycle Top at 95.06.  Today is day 257 of the Master Cycle.  I have labeled the January 5 high as a … Continue reading →

8:00 am Good Morning! SPX futures have eased lower but remain above the 1987 trendline at 4772.00 thus far.    The Cycle Top is at 4781.82.  Being beneath that implies a provisional sell signal.  A commonly used focal point may … Continue reading →

3:20 pm SPX may have completed its final probe higher.  If so, the rising trendline is at 4748.00.  Beneath it is a possible sell signal.   10:34 am BKX, our liquidity proxy, attempted a rally back above its Cycle Top  … Continue reading →

11:00 am BKX has declined beneath its Cycle Top support at 94.77.  Further confirmation lies beneath Intermediate support at 91.61.  The Cycles Model calls for an intensification of the decline beginning next week, so a prompt reaction may be necessary … Continue reading →

12:02 pm SPX has a potential of one more probe higher, but has possible structural limitations at 4781.00.  Currently the 1987 trendline is near 4763.00-4765.00.  The daily Cycle Top resistance is at 4769.67, imposing its own limitations on the rally.  … Continue reading →

3:43 pm SPX is closing right at the cusp of a breakdown after retracing 67% of the first week decline.  This appears to be a one-off event.  As mentioned this morning, it is attempting a close at “Max Pain” at … Continue reading →

11:08 am BKX, the market’s liquidity proxy, may have made its Master Cycle high on Friday.  Although there may be a few days left in the current Cycle, the retracement structure may be complete.  Evidence of this may be a … Continue reading →

1:31 pm Today is day 246 in the current Master Cycle for BKX.  You would think there may be another two weeks before a reversal may happen.  However, it is fast approaching the 61.8% Fibonacci retracement at 98.51 which may … Continue reading →

11:33 am SPX may be at the end of a less-than Fibonacci retracement at 30.1%, a very weak rebound from this morning’s new low.  We may see the decline resume with strength within the hour.     7:45 am Good … Continue reading →