Author Archives: tonych

3:25 pm SPX has completed 30 trading days from the October 13 low, completing its final retracement push.  I had previously mentioned that Friday would be a day of strength and a pivot day, to boot.  It would be wise … Continue reading →

8:15 am Good Morning! SPX futures rose to 3968.50 this morning on light trading as it bounces between the 100-day Moving Average at 3908.97 and the mid-Cycle resistance at 4036.48.   Today is day 271 of the Master Cycle and the … Continue reading →

11:55 am Last week I had mentioned a final probe lower might be necessary to complete the current Master Cycle.  Today it may have arrived with support at 460.00 holding the low on day 258 of the Master Cycle.  There … Continue reading →

8:15 am Good Morning! SPX futures rose to a morning high of 3983.60, a 62% retracement of the prior decline.  Yesterday I had mentioned that the “normal” retracement would go to 4000.00.  The top of Wave [iv] appears to be … Continue reading →

11:50 am The last four months have been a good time to accumulate shares in the Ag Index, whichever fund/ETF you choose.  Today we find the index at day 254 of its Master Cycle with firm support at 460.00.  A … Continue reading →

8:10 am Good Morning! NDX futures bounced to 11923.00 in the overnight market, 50 points shy of the 100-day Moving Average at 11983.82.  Since then it has eased lower, but not to new lows.  Yesterday it rose to challenge the … Continue reading →

1:55 pm SPX just crossed beneath the Cycle Top support at 3982.16 and declined beneath yesterday ‘s low.  This may constitute an aggressive sell signal, while yesterday’s decline did not cross the Cycle Top support. ZeroHedge remarks, “Are we about … Continue reading →

1:44 pm WTI futures plummeted to a morning low of 85.69, beneath the 50-day Moving Average at 86.01.  It has since bounced back to retest Intermediate-term support/resistance at 86.65 and is declining again.  This creates a sell signal off the … Continue reading →

1:40 pm Time is the essence of Cycles.  In this case, 21.5 market days have elapsed from the October 13 low in the SPX.  This is a typical retracement time.  In addition, the Wave structure may be complete. There may … Continue reading →

1:27 pm SPX has made its extension and may have completed Wave [e] of E of (B).  If correct, the minimum decline may take SPX beneath 3000.00.  An aggressive sell signal awaits beneath the Cycle Top at 3911..00.  The Cycles … Continue reading →