Author Archives: tonych

2:00 pm SPX has risen to a new all-time-high at 5480.00 thus far.  There are two limitations to the rally.  The first resistance is at 5500.00, also known as round number resistance.  The second resistance is a structural one which, … Continue reading →

9:43 am BKX, our liquidity proxy, is losing its grip on the retracement after retesting Intermediate resistance at 102.83.  The next support appears at the mid-Cycle line at 92.94.  The current Master Cycle has another 3-4 weeks to go and … Continue reading →

8:00 am  Are you praying for our country? Good Morning! NDX futures continue their climb to a morning high of 19642.00.  That ios very near the Cycle Top resistance at 19684.00, where trends often end.  Ths may very easily be … Continue reading →

3:32 pm SPX has made a reversal after making a marginal new high near 3:00 pm.  While there is no discernible sell signal, but it would not be wise to stay long.  A reversal has appeared that may develop legs. … Continue reading →

1:55 pm BKX is testing round number support at 100.00.  The Cycles Model doesn’t show any fireworks until the end of June, when quarterly reports may be available.  However, the decline has begun and BKX is definitely on a sell … Continue reading →

9:35 am BKX, our liquidity proxy, clearly dropped beneath its trendline on Friday and is continuing its decline this morning.  It is on a confirmed sell signal.  The Cycles Model suggests a continuous decline to the week of July 8. … Continue reading →

8:15 am Good Morning!  Are you praying for our country? SPX futures are flat, awaiting the May jobs report.  The Cycles Model clearly calls for an end to the current bull market.  Dealers have pinned the SPX options market at … Continue reading →

7:45 am Good Morning!  Have you been praying for our country? SPX futures have been hovering near yesterday’s close after probing to an overnight high at 6360.70.  Yesterday’s after-hours commentary suggested a natural peak for this rally may be near … Continue reading →

After Hours Some fractal analysis of the market structure reveals an interesting set of possibilities: First, there are two Triangle formations occurring in the same Wave, which is highly unusual and not allowed in an impulsive formation.  The solution is … Continue reading →

9:00 am Yesterday BKX challenged the Ending Diagonal trendline and the 50-day Moving Average at 102.99, closing beneath the 50-day.  There is a strong likelihood that the BKX may open beneath both levels this morning on a confirmed sell signal.  … Continue reading →