Author Archives: tonych

9:52 am Good Morning! Yesterday was noteworthy in the fact that the Cycle Top, at 5264.65, formerly support for the past two months, became resistance in the SPX.  Once that was tested, SPX declined sharply to Intermediate support at 5140.62, … Continue reading →

8:15 am Good Morning! NDX futures rose to an overnight high of 18279.30, nearly making the 61.8% Fibonacci retracement at 18292.00.  The Cycles Model suggests a probable brief retracement high this morning prior to resuming the decline. Intermediate support and … Continue reading →

10:27 am BKX is slowly losing its grip on the retracement rally.  It made an early Master Cycle high March 28, on day 248 and may need another week to prove the high.   In the meantime, critical support lies at … Continue reading →

10:22 am SPX has fallen beneath its Diagonal Trendline at 5220.00, giving a sell signal.  It has also challenged its Short-term support at 5189.00.   A further confirmation lies beneath Intermediate support at 5129.32.  Of critical concern is the 1987 trendline … Continue reading →

10:18 am BKX may be reversing from its retracement high on Thursday.  It has declined beneath its Cycle Top support at 104.37 creating a possible aggressive sell signal on day 249 of the Master Cycle.  The Wave structure is complete, … Continue reading →

10:15 am BKX may be making its last stand on day 245 of the Master Cycle.  A possible reason for the Cycle high ending early may be “window dressing” where sectors may be made to look good for the quarter-end.  … Continue reading →

12:53 pm SPX is advancing slowly from its pullback, but the Wave Structure requires one final push higher.  The likely target may be 5300.00.  Some analysts are anticipating a blow-off top, but the trend channel is straight and narrow, suggesting … Continue reading →

10:26 am The Ag Index is at a critical juncture.  It has declined beneath the neckline of a Head & Shoulders formation, leaving it susceptible to a further sell-off.  There may be two weeks left in the current Master Cycle.  … Continue reading →

1052 am BKX is making new retracement highs beyond the 61.8% level.  The Cycles Model suggests we may see BKX going sideways or higher for another 2 weeks, while the Wave pattern appears complete. ZeroHedge observes, ” At the start of … Continue reading →

11:55 am SPX made a new all-time high this morning, yet NDX has not yet attained a new high.  All of this excitement over one company…We’re looking over the edge, but being pulled back at the last moment.  The NDX … Continue reading →