Author Archives: tonych

1:15 pm SPX made a new retracement high, but fell short of the 50-day Moving Average at this time.  It has the potential of a reversal here.  A Key Reversal may take SPX to or beneath 3800.00, so be prepared.  … Continue reading →

8:00 am Good Morning!  I have an abbreviated session due to outside appointments.  I may comment in more detain later in the day. SPX futures consolidated in a narrow range during the overnight session.   Resistance is now at 3860.00 from … Continue reading →

7:00 am – I am posting early as I am taking two grandsons to the airport this morning. Good Morning! SPX futures made a 61% retracement at 3844.40 in the overnight session and may already be declining again, suggesting the … Continue reading →

10:16 am The Ag Index may also be reversing today after a Master Cycle high on day 255 (Friday ).  The Cycles Model calls for a possible month of decline.   9:00 am Good Moring! SPX futures rose to an … Continue reading →

Happy New Year! Today I am spending time on analysis and corrections that may lead to better forecasting and more accurate placement of our position.  Primary Wave [1] consists of a 51-day Wave (A) followed by a 33-day Wave (B), … Continue reading →

9:32 am The Ag Index is now in its final week of the current Master Cycle.  It may rise as high as the mid-Cycle resistance at 492.99 as it is in a period of trending strength, but it may not … Continue reading →

11:35 am Jamie Dimon may have got his Christmas wish, keeping the SPX range-bound for the week with the collar at 3835.00, above potential short gamma at 3820.00.  There may be a tilt toward long gamma to squeeze the speculators … Continue reading →

1:06 pm SPX challenged the 3800.00 put wall, but traders did not take the bait.  A higher low suggests a retest of the upper resistance at 3883.00 to 3910.00 over the next two or more days.   11:25 am NDX … Continue reading →

12:17 pm SPX declined to 3813.22 testing the JPM Collar and short gamma at 3800.00.  The bounce from there didn’t take it any higher, so SPX may be range-bound for now.  The top of the range appears to be the … Continue reading →

8:20 am  Merry Christmas!  We are getting white-out conditions with an outside temperature of 6 degrees and a wind chill of -15 degrees. Good Morning! SPX futures are somewhat higher prior to the PCE print.  I thought it best to … Continue reading →