Author Archives: tonych

8:00 am Good Morning! NDX futures have bounced to 15516.10 this morning, beneath the Cycle Top support/resistance at 15520.00.  It is on an aggressive sell signal.  The sell signal becomes a confirmed sell signal beneath Intermediate support and the smaller … Continue reading →

10:16 am The Banking Index is in day 255 of its Master Cycle.  It appears that the Cycle reversal may be a result of the FOMC announcement on Wednesday, day 257.  It is interesting how Cycle turns may occur on … Continue reading →

3:21 pm SPX is testing the 2-month trendline at 4535.00 (was 4525.00 yesterday).  A decline beneath this second support reinforces the aggressive sell signal.   7:15 am Good Morning! NDX futures bounced to 15557.10 this morning in the expected retracement … Continue reading →

3:35 pm SPX futures may be bouncing off the Diagonal trendline at 4525.00.  The 2-moth trendline is a clear demarcation for a sell signal.  Keep that in mind as tomorrow may be the largest July op-ex in history. ZeroHedge remarks, … Continue reading →

7:45 am Good Morning! NDX futures are hovering near yesterday’s intra-day high as they struggle against overhead trendline resistance.  Today is day 258 of the Master Cycle.  It is time to anticipate a reversal as the Cyclical structure may be … Continue reading →

10:15 am BKX has resumed its probe higher and may extend the current Master Cycle another week or longer.  Today is day 249.  The formation is rather complex, but may  become clearer over the next week.  Reducing bond yields increase … Continue reading →

9:10 am The Ag Index may be nearing its Master Cycle terminus.  Today is day 257, so we are on high alert for a reversal.  GKX may yet test the 61.8% retracement at 387.76 or the Wave (4) support at … Continue reading →

10:10 am BKX, our liquidity proxy, made a new retracement high at the open, then reversed lower.  JPM’s glowing report comes at a cost to other banks’ solvency.  The Banking crisis may be about to resume. ZeroHedge remarks, “Q2 earnings … Continue reading →

3:31pm SPX may be nearing completion of its final probe in this series at 4 degrees of trend.  Should it be so, the reversal may come overnight.  Looking at this as the end of a trend, we are in day … Continue reading →

8:00 am Good Morning! NDX futures have risen to 15176.40 this morning, riding above the Cycle Top support at 15078.82.  The Cycle Top is 2 standard deviations from the mid-Cycle support at 12560.06.  After two months above the Cycle Top, … Continue reading →