Author Archives: tonych

1:10 pm VIX has responded by rising toward the 50-day Moving Average at 24.50.  The rise above the trendline launched an aggressive buy signal.  The 50-day confirms it.     12:58 pm SPX has dropped well beneath its previous low … Continue reading →

1:00 pm VIX has dropped beneath the Triangle trendline again and challenging the December 2 (day 242) low.  Today is day 261 of the Master Cycle and VIX may challenge the prior low.  The EW structure suggests a low above … Continue reading →

3:00pm SPX may be at a crossroads.  Normally we would see a rally back to the 50-day Moving Average at 3863.40 or possibly back to the support line at 3910.00.  However, it is flirting with short gamma beneath 3850.00 which … Continue reading →

9:00 pm I will be spending the day tomorrow watching three lively granddaughters, ages two to six as their their parents seek a specialized medical treatment for their father, who has Lyme’s disease.  I may be unable to communicate the … Continue reading →

12:22 pm BKX approaches the Neckline of its massive Head & Shoulders formation at 97.00 today.   Crossing beneath it may trigger a selling response not seen before.  The Cycles Model suggests the selling may accelerate into the New Year. ZeroHedge … Continue reading →

3:25 pm NDX has crossed back beneath the 50-day Moving Average at 11454.58.  The final support may be the Lip of the Cup with Handle at 11000.00.  There may be free-fall beneath it. ZeroHedge writes, “Over the weekend, we predicted that … Continue reading →

2:36 pm SPX has broken down beneath short-term support at 3995.59 and has bounced at the uptrend line at 3965.00.  It is on a sell signal with additional confirmation beneath the trendline and the mid-Cycle support at 3929.63.  Expect volatility … Continue reading →

1:52 pm BKX gave up all of its CPI spike gain and is back beneath the 50-day Moving Average at 102.74.  It remains on a sell signal, although an antacid may have helped the jumpy stomach this morning.  It’s downward … Continue reading →

8:00 am Good Morning! NDX futures rose to 11611.60 this morning, still beneath Friday’s high at 11707.08.  There are $3.7 trillion of expiring options on Friday, suggesting volatility ahead.  Today is day 258 of the equities Master Cycle.  Normally we … Continue reading →

11:45 am SPX may have reversed at 3975.90 at 11:45 am, as indicated this morning.  It achieved the Short-term resistance at 3984.00 before the cash open and may proceed lower for the duration of the day.  Be prepared for a … Continue reading →