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
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
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
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
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
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
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
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
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
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