Monthly Archives: May 2024

10:35 am SPX is in a “throw-over” mode above the Cycle Top and upper trendline at 5305.00.  An aggressive sell signal may be made beneath 5305.00.  A trendline (confirmed) sell signal may be available beneath 5275.00.  Sentiment appears at an … Continue reading →

2:26 pm SPX has made its target.  Prepare for a reversal.  An aggressive sell signal may be made beneath the 2-hour Top at 5290.00.  Confirmation lies beneath the 50-day Moving Average at 5148.50.   9:55 am SPX is approaching its … Continue reading →

3:28 pm SPX has reached its next resistance at 5250.00, which may ordinarily be the end of the rally.  Today’s structure that triggered the probe higher was a Triangle formation that allows a final surge before the end of the … Continue reading →

8:30 am Good Morning! SPX futures made a weekend high at 5236.00, missing Friday’s high at 5239.66.  Today is day 255 in the Master Cycle.  There may be an allowance for a new marginal all-time high, but a full week … Continue reading →

7:30 am Good Morning! NDX futures have rallied to 18208.90, a new retracement high.  Today is day 252 in the current Master Cycle.  The turn window is wide open and NDX appears to be completing its probe .  Overhead resistance … Continue reading →

11:15 am The same liquidity impulse that is raising BKX higher is also allowing the broader markets to go higher.  SPX has now been elevated above the Fibonacci zone at 5200.00.  I put the next “stop” at 5250.00.  A rally … Continue reading →

8:00 am Good Morning! NDX futures have hit a morning low of  18044..00, suggesting the rally may have weakened overnight.  If so, we must look for a violation of support at the 50-day Moving Average at 17933.52, which may produce … Continue reading →

8:00 am Good Morning! NDX futures are consolidating within yesterday’s trading range after retracing 75% of its decline from March 22.  While the Cycles Model allows almost two more weeks of rally, NDX appears to have reached an early turning … Continue reading →

8:15 am Good Morning! SPX futures have risen to a new retracement high at 5148.00 this morning.  The Cycles Model allows up to two more weeks of possible rally. However, today is day 248, where early turns may happen.  SPX … Continue reading →

2:09 pm SPX is rising back above its 50-day Moving Average at 5125.00.  The next hurdle is close by at 5138.00.  Once above thos3e hurdles, it may have a target of 5370.00-5400.00.  However, next week opens the door for a … Continue reading →