Author Archives: tonych

10:05 am SPX rallied to the 50% Fib retracement level at 4396.49 in the first hour, a bit higher than expected.  The Cycles Model suggests the decline resumes this morning with the largest panic-selling episode just ahead.  While we may … Continue reading →

2:45 pm SPX bounced at Nomura’s final support (before oblivion) at 4310.00, having gone past the 100-day at 4328.00.  Whether it holds or not is still in question.  A decline beneath 4300.00 introduces the concept of a running correction, that … Continue reading →

12:38 pm SPY may be on the verge of a gamma meltdown as there are 17,000 more put contracs than calls at 446.00.  At 445.00 there are 33,500 more puts than calls.  At 444.00 there are 28,000 more puts than … Continue reading →

3:46 pm SPX appears to have completed its retracement (Wave 2).  Time to sell.  The retracement was comparatively weak, lesss than the 50% expected at 4490.52.  This market is going down.   7:30 am Good Morning! SPX futures are lower … Continue reading →

1:24 pm SPX  has retraced most of the way to its trendline near 4485.00.  The 50% retracement value is 4490.78.  Currently it has gone to 4479.91, just above the 38.2% Fib retracement at 4477.72 in a Wave [a] of 2.  … Continue reading →

1:23 pm I finally figured that the problem with my charts originated at Google.  However, the new search engine doesn’t work the same.  It will take some getting used to.  As you can see, the SPX is on a chart … Continue reading →

12:50pm SPX has dropped to 4453.63, a new low nad beneath the trendline at 4463.58.  This is a chart sell signal, having broken the Ending Diagonal formation to the downside. The 50-daqy Moving Average is at 4421.45 and is the … Continue reading →

4:00 pm SPX gave us a probable sell signal, pending results which may not come in until Monday morning.  Most analysts are expecting a 10% decline.  However, we have 43 calendar days (30 market days) of decline as opposed to … Continue reading →

7:45 am Good Morning! I am dealing with a sprained wrist in a cast, which may explain possible typos in the text. The September 2 high at 4545.85 on Day 267 remains the high for this Master Cycle. SPX futures … Continue reading →

1:42 pm Today’s action brings us to a pivot point in the charts.  NDX edged to a new all-time high at 15701.40 yesterday while completing an impulsive pattern.  SPX kept its September 2 high at 4545.85 with a sloppy pattern … Continue reading →