Author Archives: tonych

April 5, 2021

8:20 am Good Morning! SPX futures rose to an all-time high of 4033.88 this morning, just ticks shy of the long-term target of 4034.00 (see the Friday report).  Today is day 280 of the Master Cycle and the fruit is … Continue reading

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April 2, 2021

9:55 am The futures data feed was turned off at 9:14:48 am.  The cash market data feed has not been turned on due to Good Friday.  The 10-Year Treasury yield futures continues to rise to 17.23 at this time. I … Continue reading

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April 1, 2021

8:00 am Good Morning! SPX futures advanced to a high of 3984.12 this morning, equivalent to 3996.00 cash.   On a sub-minute scale, Wave (v) needed one more probe higher to complete the pattern.   4000.00, anyone?  Today is day 276 in … Continue reading

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March 31, 2021

2:32 pm SPX tested the upper trendline of its trading Channel shortly after 1:30 pm.  While it may retest it by the end of the day, the Cycles Model infers that this may be the top at 275 days.  Investors … Continue reading

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March 30, 2021

7:40 am Tuesday of Holy Week Good Morning! DJIA futures are lower this morning after making a new all-time high at 33259.00.  This morning the INDU futures slid back beneath 33000.00.  Today is day 274 of the current Master Cycle, … Continue reading

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March 29, 2021

7:30 am Good Morning! NDX futures  plunged to 12807.62 in the early morning hours, then was ramped back to 12972.75 at 7:00 am.  There is blood in the water and the sharks are circling.  Prime brokers are badly wounded and … Continue reading

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March 26, 2021

2:34 pm VIX appears to be on the rebound after making a new low  at 18.68 on its Trading Cycle.  This was unexpected and caused me to rethink the Cycles structure.  While today’s low may be the basis for a … Continue reading

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March 25, 2021

11:21 am NDX has now declined beneath the Lip of its Cup with Handle formation.  The Cup with Handle formations may target the bottom of Wave [3].  This may happen as early as the end of April, which also corresponds … Continue reading

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March 24, 2021

3:16 pm NDX continued its decline after an 82% retracement.  It has fallen back beneath its Short-term support at 12 891.92, which has made a bearish cross of the mid-Cycle and 50-day lines.  If this is a short squeeze, it … Continue reading

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March 18, 2021

8:45 am I will be away for the next 5 days to visit my eldest son and his family.  I’ll be back for commentary on March 24. NDX futures declined to a low of 12951.50, on a sell signal beneath … Continue reading

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