Author Archives: tonych

3:05 pm Waves (1) and (2) took 21.5 days. This afternoon’s high marks 8.6 days from the secondary high at 4595.31.  The Hi-Lo Index is at -75.00.  It may close near the Max Pain zone at 4465.00 for tomorrow’s options … Continue reading →

8:00 am Good Morning! SPX futures dipped to a weekend low of 4631.00 before bouncing back.  Some of the buying is coming from the European Markets, but the bounce may be primarily from dealers and hedge funds trying to elevate … Continue reading →

7:30 am Tomorrow I am leaving to consult on another business and will be away for the remainder of the week.  I plan to return next Monday to resume the blog. Good Morning! SPX futures drifted in a tight range … Continue reading →

Special Report I thought I’d share my views on the Cycles as they appear on the SPX chart.  The actual Cycles are within a week or two of the depictions.  You can see that all the Cycles are divisible by … Continue reading →

1:55 pm SPX is approaching its 50% retracement value at 4623.00.  Expiring options favor calls over 4500.00.  Options are sort beneath 4450.00.  This may be a “sell the rally” event today if it cannot hold above 4500.00.. ZeroHedge comments, “As … Continue reading →

9:50 am SPX gapped down this morning to begin Wave (3) or (C).  The Head & Shoulders formation shows the minimum decline, which may be underway through the first week of March.  Friday’s options expiation shows the Max Pain zone … Continue reading →

11:45 am NDX has declined beneath mid-Cycle resistance at 15131.52 and the 200-day Moving Average at 15027.90, issuing a sell signal.  QQQ is at 365.03 where options turn neutral.  Today’s expiring puts dominate beneath 364.00 and gamma turns short beneath … Continue reading →

8:20 am Good Morning! SPX futures spent most of the night in pullback mode, down to 4488.40 before rising back to breakeven.  It is hovering just beneath the 50% retracement value at 4519.16 and may test it one more time … Continue reading →

3:25 pm SPX rose to Short-term resistance at 4490.00 and may be reversing from less than a 50% retracement.  Confirmation of the reversal coms at 4457.00 and below.  Now we know the pattern that may follow through to the end … Continue reading →

1:25 pm Index options managed to close near the Max Pain zone at the open.  Now stocks and ETFs (retail) options expire at the close with 435.00 at the Max Pain zone.  Puts dominate at 434.00 and below, with short … Continue reading →