Author Archives: tonych

11:54 am NDX appears to be slipping beneath the Neckline/Lip at 13735.00 which may end the surge from yesterday’s closing low.  While the Lip of a Cup with Handle formation is somewhat permeable, the Neckline of a Head & Shoulders … Continue reading →

12:52 pm SPX may be completing its Head & Shoulders formation imminently.  The right shoulder reaches equality with the left shoulder at 3900.12.  In this case it may be stopped by Short-term resistance at 3878.64.  The last three weeks have … Continue reading →

9:00 am Good Morning! SPX completed a 12.9 day Cycle at 2:00 pm yesterday.  However, the Master Cycle have up to 8.6 days to go, completing on March 17.  If correct, we are due for a bounce that may stay … Continue reading →

3:06 pm SPX has broken the uptrend from last March’s low.  It has retested the trendline and may resume its decline with greater momentum. ZeroHedge reports, “Just out from Tradestation: Valued Futures Clients, Due to potential market volatility, reduced intraday … Continue reading →

3:20 pm NDX broke through the neckline/lip of the Cup with Handle formation.   This should prepare us for a panic decline that is likely to catch on to the SPX and DJIA.  The Hi-Lo indices appear to be off kilter … Continue reading →

10:51 am NDX is approaching its 50-day Moving Average at 13106.17.  A cross beneath it would produce a powerful (confirmed) sell signal.  The 1987 crash had both a Head & Shoulders and Cup with Handle formations.  Both were met in … Continue reading →

8:00 am Good Morning! SPX futures have challenged the mid-Cycle (Intermediate-term) resistance at 3852.74 this morning.  This bounce may be Minute Wave (c) of Minor Wave 2.  The 50% Fibonacci retracement of Wave 1 is at 3859.09.  The 61.8% Fib … Continue reading →

7:30 am I will be out most of the day, so I have given as comprehensive account as I can for what may transpire.  Be prepared! Good Morning! NDX futures are flat this morning after having bounced off the Head … Continue reading →

12:38 pm NDX is on a sell signal and declining fast to its Head & Shoulder neckline.  Beneath that is confirmation of a 15% plunge from the top.  The 200-day Moving Average is at 11564.00.  The 2011 trendline lies at … Continue reading →

February 23, 2021 8:00 am Good Morning! We should not be surprised to see NDX futures plummet beneath the 50-day Moving Average at 13048.35 this morning.  The NDX closed yesterday at the one-year uptrend line.  The break this morning closes … Continue reading →