Author Archives: tonych

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 →

8:05 am Good Morning! I spent the week in St.Louis with my mother who was in the hospital.  When I arrived, there were doubts about her condition, which is inoperable for a 90-year ole woman with a heart condition.  However, … Continue reading →

3:33 pm Note:  I have booked an early morning flight to see my mother, who was admitted to the hospital Sunday afternoon.  The needed surgery to correct her condition may not be possible, since her cardiologist is concerned that her … Continue reading →

1:47 pm It originally appeared that the SPX at 4500.00 met all the requirements for the rally.  But the Fed will not allow a sell-off before Jackson Hole.  The revised target is now 4520.00 (+/-).  Today is day 261 in … Continue reading →

11:03  am SPX is heading for Short-term support, where there may be a bounce.  Should it decline through it, the next support is at the mid-Cycle and trendline at 4411.14.  This jolt to the market may be stronger than originally expected.  … Continue reading →

2:30 pm 4501.08…That’s all it needs, folks!   11:50 am SPX has now exceeded its EW target of 4495.00.  It is very likely that it may rise to 4500.00 or higher.  We are very close to a reversal.  It’s time … Continue reading →

2:32 pm It appears that we are now counting “wriggles” in the pattern.  This is a small extension with a probable target near 4495.00.    All trends end in a 5-Wave impulse, down to the last degree.  I am observing at … Continue reading →