Monthly Archives: April 2024

April 12, 2024

3:05 pm SPX appears to be declining through the 50-day Moving Average at 5102.22 today. There is still an opportunity for a bounce above that level.  However, a decline beneath that support may bring a waterfall event on Monday.   … Continue reading

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April 11, 2024

8:00 am Good Morning! NDX futures have fallen to 17939.50 thus far this morning.  It has been on a confirmed sell signal since April 5 and may be poised to decline beneath its 50-day Moving Average at 17933.15 today.  Alternatively, … Continue reading

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April 10, 2024

7:45 am Good Morning! NDX futures have not sold off, suggesting a possible attempt at a new high near the Cycle Top at 18738.62.  Today is day 258 in the Cycles Model, an appropriate day for a reversal.  So, one … Continue reading

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April 9, 2024

8:00 am Good Morning! SPX futures are being pressed into an ever-smaller formation, appearing to be flat, but in fact, revealing a Triangle Wave B.  Today’s Cycles Model suggests a brief spike to 5220.00-5225.00 before a strong reversal.  SPX is … Continue reading

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April 8, 2024

8 :15 am Good Morning! NDX futures have been consolidating inside Friday’s trading range over the weekend thus far.  There appears to be an attempt to hold the trendline at 18100.00 with a backup support at the intermediate level at … Continue reading

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April 5, 2024

9:52 am Good Morning! Yesterday was noteworthy in the fact that the Cycle Top, at 5264.65, formerly support for the past two months, became resistance in the SPX.  Once that was tested, SPX declined sharply to Intermediate support at 5140.62, … Continue reading

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April 4, 2024

8:15 am Good Morning! NDX futures rose to an overnight high of 18279.30, nearly making the 61.8% Fibonacci retracement at 18292.00.  The Cycles Model suggests a probable brief retracement high this morning prior to resuming the decline. Intermediate support and … Continue reading

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April 3, 2024

10:27 am BKX is slowly losing its grip on the retracement rally.  It made an early Master Cycle high March 28, on day 248 and may need another week to prove the high.   In the meantime, critical support lies at … Continue reading

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April 2, 2024

10:22 am SPX has fallen beneath its Diagonal Trendline at 5220.00, giving a sell signal.  It has also challenged its Short-term support at 5189.00.   A further confirmation lies beneath Intermediate support at 5129.32.  Of critical concern is the 1987 trendline … Continue reading

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April 1, 2024

10:18 am BKX may be reversing from its retracement high on Thursday.  It has declined beneath its Cycle Top support at 104.37 creating a possible aggressive sell signal on day 249 of the Master Cycle.  The Wave structure is complete, … Continue reading

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