Author Archives: tonych

11:30 am Crude oil futures plummeted to a new 2022 low at 71.14 this morning.  The Cycles Model suggests the current decline may last until the last week of December.  The Cup with Handle formation is still in play.  The … Continue reading →

8:15 am Good Morning! SPX futures have declined to a low of 3911.50 this morning, approaching Intermediate-term support at 3898.14.  There may be a short-term bounce at that level.  Should SPX bypass that support and go lower, the 50-day Moving … Continue reading →

10:15 am SPX has broken through the rally trendline at 3990.00, further confirming the sell signal.  The next target is the 50-day Moving average near 3814.96 – 3818.00(daily chart). ZeroHedge observes, “All of the US majors are in the red … Continue reading →

2:17 pm SPX is testing Short-term support at 3990.95.  Crossing beneath it would be a further confirmation of the sell signal.  Mike Wilson was the first analyst to mention a rally to 4100.00.  He is now saying, “It is done.” ZeroHedge … Continue reading →

9:47 am TNX extended its Master Cycle low this morning to day 276.  However, it has reversed to a higher level.  This may be considered an aggressive buy signal, but not confirmed until TNX rises above the 50-day Moving Average … Continue reading →

8:00 am Good Morning! SPX futures are flat this morning after reaching a morning high of 4099.20.  At 279 days, the current Master Cycle is very long in the tooth.  As I had mentioned, SPX is in a (B), E, … Continue reading →

3:35 pm SPX at 4100.00?  Usually the mid-Cycle resistance at 4027.23 would be the stopper for this rally.  However, due to other analysts calling for the SPX at 4100.00 I put the trendline across all the tops since January, not … Continue reading →

2:55 pm SPX bounced off Short-term support at 3936.50 and attempted a retracement which may have failed.  While it may have avoided short gamma at 3940.00 the first time, it may be revisiting it into the close. ZeroHedge advises, “In … Continue reading →

2:09 pm SPX is on an aggressive sell signal which may not be confirmed until it reaches/passes Short-term support at 3922.41.  The decline may persist until mid-Cycle support and trendline at 3821.71 where it may bounce.  However, this decline may … Continue reading →

9:15 am Good Morning! SPX futures reversed yesterday from a high at 4040.00 and continued to decline today, a Cyclical Pivot day and day 272 if the old Master Cycle.  The new Master cycle may prove to be short, but … Continue reading →