Author Archives: tonych

1:03 pm This market may get crazy here.  The venue is bifurcating with the primary outlook is a rally to the Cycle Top at 4457.76 as the primary target.  (NDX has made a new all-time high today.  The DJIA has … Continue reading →

8:00 am Good Morning! SPX futures have backed down to 4413.10 in a brief pullback.  The Wave pattern is much clearer and indicates a potential rally to the Cycle Top at 4460.44.  It may come in two more pushes higher … Continue reading →

12:38 pm While SPX remains above 4400.00, things could go south quickly.  This morning’s low at 4373.00 is testing Short-term support.  Tomorrow’s options lean towarde puts beneath 4400.00 with a critical mass being reached below 4375.00.  We are looking for … Continue reading →

7:40 am Good morning! SPX futures are higher this morning, but not making new highs.  Thursday’s high at 4429.97 remains the peak of this Cycle at day 262 but the breakdown has not occurred.  In the options market, the calls … Continue reading →

2:00 pm I have been invited by my  son to visit him and three grandsons at the lake.  I may be gone until the end of the week.  Short term suport is at 4350.00.  Stay alert. 9:00 am Good Morning! … Continue reading →

10:43 am SPX has broken beneath 4400.00 where this Friday’s puts edge out the calls by 400 contracts.  A subsequent decline from here may tip the scales even further to the puts.  Beneath 4350 the options market likely tips the … Continue reading →

7:45 am Good Morning! Please read yesterday’s blog to get a feel for what is about to take place. SPX futures declined to 4383.70 this morning, but ave nearly recovered by this writing.   The urge to buy the dip is … Continue reading →

Good Afternoon! Most of us that remember the 2000 peak remember the date – March 23, 2000.  However, there is another peak that is not often recognized.  The Industrials peaked on January 14, 2000 at 11750.20.  21.5 years ago last … Continue reading →

2:55 pm SPX ran up to test the Cycle Top resistance at 4415.00 before pulling back.  From a Cyclical point of view, the decline took 25.8 hours and the rally will have taken 25.8 hours should it stop now.  Today  … Continue reading →

3:00 pm SPX may be ready for a sudden reversal as 47.3 hours have elapsed from the beginning of the downdraft on July 14.  A 12.9 day crash scenario consists of a total of 90.3 market hours, leaving 43 hours … Continue reading →