Author Archives: tonych

9:37 am BKX, our liquidity proxy, may make another attempt at the Cycle Top at 95.93 today.  The Master Cycle low occurred on January 18 which gives the BKS about a week to complete a bounce, barring any catalyst that … Continue reading →

1:30 pm BKX is testing its Cycle Top resistance at 95.73 this morning after having made a Master Cycle low on Thursday, day 259.  A decline beneath Intermediate support at 93.41confirms a sell signal with further confirmation beneath the 50-day … Continue reading →

9:56 am BKX is on a bounce – 24.4% thus far.  Overhead resistance is at 93.08 which, if attained, would give a 30% retracement.  A normal retracement would seek the Cycle Top at 95.49, but the situation is eroding enough … Continue reading →

2:47 pm The SPX rally was stopped this morning at the Ending Diagonal at 4766. 10.  The afternoon rebound may have hit resistance at the 1987 trendline at 4775.00.  The retracement may have gone sufficiently high enough to allow the … Continue reading →

10:52 am BKX may be setting up a bounce, since today is day 258 of the current Master Cycle.  It is competing with the January 5 high at 97.87 for the terminus of the current Cycle.  The Cycle Top at … Continue reading →

9:45 am BKX has declined beneath Intermediate support at 92.25, reinforcing the sell signal made last Friday at the Cycle Top at 95.06.  Today is day 257 of the Master Cycle.  I have labeled the January 5 high as a … Continue reading →

8:00 am Good Morning! SPX futures have eased lower but remain above the 1987 trendline at 4772.00 thus far.    The Cycle Top is at 4781.82.  Being beneath that implies a provisional sell signal.  A commonly used focal point may … Continue reading →

3:20 pm SPX may have completed its final probe higher.  If so, the rising trendline is at 4748.00.  Beneath it is a possible sell signal.   10:34 am BKX, our liquidity proxy, attempted a rally back above its Cycle Top  … Continue reading →

11:00 am BKX has declined beneath its Cycle Top support at 94.77.  Further confirmation lies beneath Intermediate support at 91.61.  The Cycles Model calls for an intensification of the decline beginning next week, so a prompt reaction may be necessary … Continue reading →

12:02 pm SPX has a potential of one more probe higher, but has possible structural limitations at 4781.00.  Currently the 1987 trendline is near 4763.00-4765.00.  The daily Cycle Top resistance is at 4769.67, imposing its own limitations on the rally.  … Continue reading →