Monthly Archives: June 2024

3:32 pm SPX has made a reversal after making a marginal new high near 3:00 pm.  While there is no discernible sell signal, but it would not be wise to stay long.  A reversal has appeared that may develop legs. … Continue reading →

1:55 pm BKX is testing round number support at 100.00.  The Cycles Model doesn’t show any fireworks until the end of June, when quarterly reports may be available.  However, the decline has begun and BKX is definitely on a sell … Continue reading →

9:35 am BKX, our liquidity proxy, clearly dropped beneath its trendline on Friday and is continuing its decline this morning.  It is on a confirmed sell signal.  The Cycles Model suggests a continuous decline to the week of July 8. … Continue reading →

8:15 am Good Morning!  Are you praying for our country? SPX futures are flat, awaiting the May jobs report.  The Cycles Model clearly calls for an end to the current bull market.  Dealers have pinned the SPX options market at … Continue reading →

7:45 am Good Morning!  Have you been praying for our country? SPX futures have been hovering near yesterday’s close after probing to an overnight high at 6360.70.  Yesterday’s after-hours commentary suggested a natural peak for this rally may be near … Continue reading →

After Hours Some fractal analysis of the market structure reveals an interesting set of possibilities: First, there are two Triangle formations occurring in the same Wave, which is highly unusual and not allowed in an impulsive formation.  The solution is … Continue reading →

9:00 am Yesterday BKX challenged the Ending Diagonal trendline and the 50-day Moving Average at 102.99, closing beneath the 50-day.  There is a strong likelihood that the BKX may open beneath both levels this morning on a confirmed sell signal.  … Continue reading →

3:04pm SPX is poised to take out the 50-day Moving Average in the next 24 hours.  This is the last chance to sell/short.  Good luck and good trading!     7:30 am Good Morning!  Ae you praying for our country? … Continue reading →