Author Archives: tonych

January 27, 2023

3:36 pm BKX may have met its Master Cycle high today on day 259 of its Master Cycle.  The Cycles Model suggests a burst of negative energy early next week.  Banks are facing troubles on multiple fronts and the Cycles … Continue reading

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January 26, 2023

10:30 am NDX is nearing its down-trend line near 12100.00 this morning on day 251 of the Master Cycle, reaching a morning high at 12018.41 thus far.  We are just a week away from the scheduled top, but may come … Continue reading

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January 25, 2023

9:57 am SPX declined through the 200-day Moving Average at 3961.00 (not shown), giving a sell signal.  The next level of support is the 50-day Moving Average at 3935.00.  Mid-Cycle support lies at 3920.00.  Intermediate-term support at 3910.00.  SPX has … Continue reading

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January 24, 2023

11:05 am BKX, our liquidity proxy, may have made its Master Cycle high yesterday , on day 255.  There is still a possibility of exceeding its November 11 high at 110.57 in the next few days.  If I were a … Continue reading

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January 23,2023

11:24 am SPX is challenging the downtrend line at 4025.00.  A close above that implies a potential extension of the rally for as much as 2 more weeks in a panic rally driven by long gamma.  However, it is also … Continue reading

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January 20, 2023

1:09 pm SPX has met its 38.2% Fibonacci resistance and daily mid-Cycle resistance (not shown) at 3935.00 and appears to be pulling back. The 50% retracement value is 3950.61.  It has met the required Cyclical time period of three days … Continue reading

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January 19, 2023

6:40 am Good Morning! I have a breakfast appointment and ay not return until after the open. SPX futures have continued their decline overnight, reaching a low thus far at 3888.00.  The 50-day Moving Average has been breached at 3916.00, … Continue reading

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January 18, 2023

12:52 pm SPX has given a sell signal… NDX has also declined beneath its Intermediate-term suort at 11495.00, giving a sell signal.   9:46 am BKX may have made its Master Cycle high yesterday, on day 274.  The Cycles Model … Continue reading

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January 17, 2023

3:28 pm SPX short covering is showing fatigue after this morning’s brief foray above 4000.00.  The formation is an Ending Diagonal that may signal a reversal at the break of the lower trendline at 3980.00.  The Cycles Model calls for … Continue reading

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January 13, 2023

1:30 pm ZeroHedge remarks, “While some were more interested how banks did in Q4 – a quarter which we already knew would see catastrophic banking revenues (due to the lack of IPOs and bond offerings thanks to the plunging market), … Continue reading

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