Category Archives: Published

May 7, 2021

8:10 am NDX futures ventured above the mid-Cycle resistance at 13566.67 to 13660.00, but not above the first correction high at 13676.90.  The correction appears complete, or nearly so.  We await the April Jobs Report. ZeroHedge observes, “After years of … Continue reading

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May 6, 2021

1:15 pm Certain dealers and hedge funds are using their past experience to predict a possible short squeeze imminently.  NDX has been battling at mid-Cycle resistance at 13560.00 this morning and its Wave structure may not be complete.  Two possible … Continue reading

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May 5, 2021

8:00 am Good Morning! NDX futures climbed to a morning high of 13627.00, above the mid-Cycle resistance at 13533.94, an approximate 34% retracement.  The futures page contains some inaccuracies that lead me to take that information with a grain of … Continue reading

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May 4, 2021

1:56pm NDX bounced just above its 50-day Moving Average and shows no intention of taking back its losses.  Based on the Chart Model, NDX is likely to retest the mid-Cycle resistance at 13531.05 before going lower.  A decline beneath the … Continue reading

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May 3, 2021

7:30 am Good Morning! While the SPX and NDX appear weaker, SPX has  not declined beneath Short-term support to establish a bearish pattern.  The DJIA has been riding the up-sloping Short-term support while the upper probes have been declining to … Continue reading

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April 30, 2021

3:00 pm Here’s a binary question; Which comes next, the sellers or the buyers?  All the indexes are hovering near their daily lows, but are short-term oversold.   As we observed yesterday, the short squeeze ran out of fuel before it … Continue reading

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April 29, 2021

1:20 pm According to Nomura, a “Crash Up” is possible.  Investors are buying hedges and may be subjecting themselves to a potential short squeeze.  I disagree for two reasons.  First, look at the Industrials.  It made a high of  34032.83 … Continue reading

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April 28, 2021

2:30 pm The usual 2:00 pm jolt from the FOMC announcement fell short of the morning high.  SPX tested the trendline by declining to 4181.79.  It has made a weak bounce.  Confirmation of a decline may be made at Short-term … Continue reading

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April 27, 2021

10:22 am The GSCI Ag Index made a new 8-year high this morning, on day 265 of its Master Cycle.  Should the Ag Index reverse from here, it may make a 50% retracement to the Head & Shoulders neckline over … Continue reading

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April 26, 2021

7:30 am SPX made a new all-time high on Friday, just before the close.  SPX futures have been trading in a very narrow range between 4163.88 and 4175.88.  SPX has 17 days to its Master Cycle termination.  However, the Cycles … Continue reading

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