Author Archives: tonych

1:30 pm SPX challenged Intermediate-term resistance (now at 5772.68) and reversed back beneath it, fulfilling both time and price for the retracement.  The market has now become fragile. ZeroHedge remarks, “In yesterday’s Global Daily we speculated that the rapid tightening in prediction … Continue reading →

9:35 am BKX, our liquidity proxy, has declined beneath its Cycle Top support at 121.78, creating an aggressive sell signal.  The Cycles Model points to a three week decline, with possible targets at the Cycle Bottom at 92.15.  Should a … Continue reading →

7:45 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

12:39 pm SPX declined beneath the 3-month median at 5770.53 to a low of  5718.18, near the 50-day Moving Average at 5697.95.  It has triggered a confirmed sell signal at 5770.00.  Should it bounce, there may be a 2-day attempt … Continue reading →

8:45 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

7:45 am Good Morning! SPX futures declined to a morning low at 5814.50 thus far.  SPX is now beneath the Ending Diagonal trendline and Short-term support at 5820.00, reinforcing the aggressive sell signal in the past week.  An aggressive sell … Continue reading →

8:00 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

12:00am Watch out!  BKX may be about to break down beneath its Cycle Top at 120.50, which gives investors an aggressive sell signal.  A confirmed sell signal lies beneath Intermediate support at 115.67.  The 10-year Treasury yield is back above … Continue reading →

8:00 am   2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and will … Continue reading →

1:32 pm SPX has fallen deep into short gamma territory beneath 5830.00.  In addition, it has declined beneath short-term support at 5798.00.  Should it bounce above this new resistance , it may rise back to 5820.  However, the aggressive signal … Continue reading →