Author Archives: tonych

2:50 pm The NDX has been down nearly 8% in the past month, 2.25% in the past day.  An ugly week for those who were FOMOed into buying the all-time highs.  The problem is, this may continue for another two … Continue reading →

12:45 pm SPX bumped up against the 2-hour Cycle Bottom resistance and reversed downward.  In the process it may have completed Minor Waves 1 and 2.  If so, Wave 3 may have begun, with serious repercussions.  Wave 3 may take … Continue reading →

2:15 pm NDX may be due for a bounce, but overhead resistance may prevail at 17721.15.  NDX may be completing the 5th week of a 9-week decline.  The next segment may be much worse than the first.  Signals abound for … Continue reading →

2:31 pm SPX has been repelled by a lower resistance at 5066.61 and is now poised for the next decline.  The 1987 trend;ine beneath 4950 may be the next support.  A larger bounce may develop there. ZeroHedge reports, “Update (1330ET): … Continue reading →

10:15 am BKX broke beneath its 50-day Moving Average at 98.19 on Friday, but recovered above temporarily.  Today it may make a permanent break beneath the 50-day, confirming its sell signal. ZeroHedge reports, “Money-market funds saw a small outflow last … Continue reading →

3:05 pm SPX appears to be declining through the 50-day Moving Average at 5102.22 today. There is still an opportunity for a bounce above that level.  However, a decline beneath that support may bring a waterfall event on Monday.   … Continue reading →

8:00 am Good Morning! NDX futures have fallen to 17939.50 thus far this morning.  It has been on a confirmed sell signal since April 5 and may be poised to decline beneath its 50-day Moving Average at 17933.15 today.  Alternatively, … Continue reading →

7:45 am Good Morning! NDX futures have not sold off, suggesting a possible attempt at a new high near the Cycle Top at 18738.62.  Today is day 258 in the Cycles Model, an appropriate day for a reversal.  So, one … Continue reading →

8:00 am Good Morning! SPX futures are being pressed into an ever-smaller formation, appearing to be flat, but in fact, revealing a Triangle Wave B.  Today’s Cycles Model suggests a brief spike to 5220.00-5225.00 before a strong reversal.  SPX is … Continue reading →

8 :15 am Good Morning! NDX futures have been consolidating inside Friday’s trading range over the weekend thus far.  There appears to be an attempt to hold the trendline at 18100.00 with a backup support at the intermediate level at … Continue reading →