Author Archives: tonych

2:55 pm SPX is challenging the 200-day Moving Average at 4233.000 this afternoon.  Should it break through, the next support may be the declining trendline near 4150.00.   Dealers may be desperate to hold the line here, since there is a … Continue reading →

1:30 pm SPX may have been stopped by the trendline at 4339.50,a 47% retracement VS. a 61.8% Fibonacci retracement mentioned this morning.  The decline may be resuming.   8:00 am Good Morning! NDX futures made a new low at 14828.00, … Continue reading →

9:45 am BKX may have made its reversal today, on day 258 of the Master Cycle.   It was repelled by Intermediate resistance at 78.89 yesterday, giving the BKX an aggressive sell signal.  A further decline beneath support at 75.50 confirms … Continue reading →

3:15 pm   SPX exceeded Intermediate resistance at 4383.75 while making an attempt to test the 50-day Moving Average at 4402.75, but fell short of that target.    This has all the earmarks of a final probe in the Master … Continue reading →

10:25 am The Ag Index may be pulling back after testing the 50-day Moving Average at 399.18.  A probe above the 50-day reinforces the existing buy signal given off the trendline.  This is an indication to accumulate shares of agricultural … Continue reading →

11:02 am SPX is probing lower today.  A potential sell signal awaits beneath Wednesday’s low at 4325.43.  TNX is recovering after testing its Cycle Top support, which suggests we may see higher yields today.  The market may fall apart as … Continue reading →

8:15 am Good Morning! SPX futures have now reached a high of 4395.00, testing overhead resistance.  In play are  Intermediate resistance at 4392.25 and possibly the 100-day Moving Average at 4399.22.  Above that lies the 50-day Moving Average at 4417.49 … Continue reading →

12:05 am BKX (our liquidity proxy) may have made a reversal this morning as time runs out for the downside completion of the current Master Cycle.  The news may come fast a furious as earnings statements are due starting this … Continue reading →

9:42 am Today’s probe higher  in the BKX may be the final push in this correction.  The Head & Shoulders formation may be due to hit its target before the end of October.  The implications are enormous, should it come … Continue reading →

8:15 am Good Morning! SPX futures gave back roughly half of Friday’s gains over the weekend, making a low of 4267.50 before a bounce.  It has yet to probe the 200-day Moving Average at 4206.37 that may determine the nature … Continue reading →