Author Archives: tonych

April 9, 2021

4:30 pm The panic bid in the last half hour set back the bearish view…at least until after options expiation.  The reason why is that Wave iii cannot be the smallest Wave.  By default, we may have just ended Wave … Continue reading

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April 8, 2021

3:30 pm Will 4098.19 be the top?  The last half hour of the market day may bring in the sellers.  The two hour Cycle top acts like an Ending Diagonal trendline and is at 4085.58.  Aggressive shorts may be considered … Continue reading

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April 7, 2021

7:15 am The Shanghai Composite appears to completed its Master Cycle on day 267.  The new Cycle has all the earmarks of a panic Cycle.  This is made even more probable should liquidity be curtailed. ZeroHedge remarks, “One month after … Continue reading

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April 6, 2021

8:20 am Good Morning! SPX futures have dipped to 4052.62 this morning, not enough to call a reversal, but showing some exhaustion.  By coincidence, the Cycle Top support at 4034.50 is precisely at the Fibonacci target for this secular rally.  … Continue reading

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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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