Monthly Archives: June 2024

10:40 am SPX is rising to new all-time highs.  NDX is also at a new ATH.  The DJIA has not exceeded its May 20 high.  Most of the money flow for this market is coming from overseas.  There are two … Continue reading →

10:09 am The Ag Index suddenly took a dive beneath its prior low and may have triggered a Head & Shoulders formation.  Normally H&S structures occur above or beneath a Wave (1).  This pattern is beneath a Wave (3), which … Continue reading →

1:12 pm GKX, the ag index, is testing its February 24 low at 363.23, but has not ventured beneath it.  Today is day 267 in the current Master Cycle and may have produced a high probability low.  Should it decline … Continue reading →

11:10 am BKX tested Intermediate resistance at 103.86 and failed.  It has since declined beneath the 50-day Moving Average at 102.87, reinforcing the confirmed sell signal.  Ahead of it is a two-week decline that may take your brea(d)th away.  Its … Continue reading →

:45 am  Are you praying for our country? Good Morning! NDX futures are hovering in a 60-point renge on either side of 19700.00.  It is beneath the Cycle Top support/resistance at 19901.50, making it a candidate for an aggressive short … Continue reading →

7:45 am.  I am leaving this morning for an out-of-state conference.  I will return on Monday, June 24.  Good Morning!  Are you praying for our country? SPX futures have risen to an overnight high of 5516.10, precisely in the center … Continue reading →

12:43 A Fractal analysis of the NDX shows the limitations of the rally.  There are two Fractal resistances that emerge from this analysis.  The first Fractal resistance is at 20097.00, near the trendline.  The second Fractal resistance is at 20172.00, … Continue reading →

2:00 pm SPX has risen to a new all-time-high at 5480.00 thus far.  There are two limitations to the rally.  The first resistance is at 5500.00, also known as round number resistance.  The second resistance is a structural one which, … Continue reading →

9:43 am BKX, our liquidity proxy, is losing its grip on the retracement after retesting Intermediate resistance at 102.83.  The next support appears at the mid-Cycle line at 92.94.  The current Master Cycle has another 3-4 weeks to go and … Continue reading →

8:00 am  Are you praying for our country? Good Morning! NDX futures continue their climb to a morning high of 19642.00.  That ios very near the Cycle Top resistance at 19684.00, where trends often end.  Ths may very easily be … Continue reading →