Author Archives: tonych

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 →

3:04pm SPX is poised to take out the 50-day Moving Average in the next 24 hours.  This is the last chance to sell/short.  Good luck and good trading!     7:30 am Good Morning!  Ae you praying for our country? … Continue reading →

8:40 am Good Morning!  Have you prayed this morning? SPX futures dove to 5215.40, then bounced.  The most likely stopper is short term resistance at 5276.00 (not shown on the daily chart).    Should the decline be impulsive, it should … Continue reading →

10:42 am The Ag Index is testing  its prior trend channel before launching another 2-3 week rally.  The pullback is offering buyers another opportunity to accumulate agricultural shares and ETFs.   10:29 am BKX broke through the Diagonal trendline yesterday, … Continue reading →

9:48 am BKX has declined beneath its Ending Diagonal trendline, thereby elevating the sell signal from aggressive to confirmed.  Today the downside strength begins and may continue for the next two weeks.  The next target may be the mid-Cycle support … Continue reading →

2:10 pm The Treasury held an unscheduled 5-year Note auction today that didn’t go well, sending the 10-year yield (TNX) above Intermediate resistance at 45.36.  Tomorrow will offer a $44 billion 7-year note auction that may cause more consternation among … Continue reading →

  10:05 am The breakout in the Ag Index that I warned you about last week has now come to pass in the GKX.  There can be no better buy signal than this.  In addition, the Cycles Model shows trending … Continue reading →

 1:19 am SPX may be threatening to make a Key Reversal today.  A decline beneath 5286.00 may make it occur.  Should it happen, the top is in.  Forget about all the happy talk.  The party may be over. ZeroHedge notes, … Continue reading →

9:35 am \ BKX, our liquidity proxy, shows the need for a final probe higher, possibly to 111.50.  Today is day 257 of the current Master Cycle.  The final probe may be complete by Friday.  The Fed rescue of the … Continue reading →