Author Archives: tonych

3:39 On day 257 we may see a reversal within 24 hours.  Draw your own conclusion. A very frustrated NorthmanTrader reiterates, “Following all time highs last week markets actually also got to within an inch of a complete breakdown. Again. And … Continue reading →

10:25 am I appears that the retracement may attempt a retest of the shoprt-term trading channel trendline near 4460.00, although Short-term resistance at 4436.00 may be tough with the 61.8% Fibonacci retracemennt at 4437.19.  What happens after that is a … Continue reading →

10:55 am The NYSE Hi-Lo Index opened at -23.00 in a decline, but has bounced, though in the negative.  The sell signal remains intact.   The NDX Hi-Lo Index declined to -97.00 and may be triggering another sel signal.   10:45 … Continue reading →

3:00 pm With a new all-time high in the making, it’s time to reassess the Cycles.  The last Master Cycle bottomed on July 19 (day 252).  Today is day 250 of the current Master Cycle.  The amazing thing is that … Continue reading →

8:50 am The GSCI Ag Index broke out above its previous high at 427.51 yesterday, indicating the rally is in full swing.  The Cycles Model suggests it may continue to the week of August 23.  The next resistance is at … Continue reading →

12:17 pm In the meantime, the NDX has made a partial retracement of its decline and appears poised for the next (most powerful) phase of its decline.  Because its peaked on August 5, its decline may take 12.9 days.  NDX … Continue reading →

10:25 am Now that SPX has risen to a new high, it appears to be aimed directly at the Cycle Top resistance at 4468.30.  The triangle formation tells us that this is the final move to the peak. The VIX … Continue reading →

11:07 am NDX may be challenging its trendline at 15050.00.  You may either use the trendline as an aggressive sell signal or wait for a cross beneath Short-term support at 14967.00 for confirmation. In addition, SPX appears to have declined … Continue reading →

7:45 am Good Morning! SPX appears to have completed Wave iii of (c) in Wave [v] of 5.  You may be viewing 8 of the 9 degrees of trend and the 9th may be on its way.    I am … Continue reading →

2:54 pm I’m finding this hard to believe, but it appears that Wave v of (c) may have truncated.  In other words, all of the components are there, but it has fallen short of its target beyond this morning’s high … Continue reading →