Category Archives: Published

May 10, 2024

7:30 am Good Morning! NDX futures have rallied to 18208.90, a new retracement high.  Today is day 252 in the current Master Cycle.  The turn window is wide open and NDX appears to be completing its probe .  Overhead resistance … Continue reading

Posted in Published | Comments Off on May 10, 2024

May 9, 2024

11:15 am The same liquidity impulse that is raising BKX higher is also allowing the broader markets to go higher.  SPX has now been elevated above the Fibonacci zone at 5200.00.  I put the next “stop” at 5250.00.  A rally … Continue reading

Posted in Published | Comments Off on May 9, 2024

May 8, 2024

8:00 am Good Morning! NDX futures have hit a morning low of  18044..00, suggesting the rally may have weakened overnight.  If so, we must look for a violation of support at the 50-day Moving Average at 17933.52, which may produce … Continue reading

Posted in Published | Comments Off on May 8, 2024

May 7, 2024

8:00 am Good Morning! NDX futures are consolidating within yesterday’s trading range after retracing 75% of its decline from March 22.  While the Cycles Model allows almost two more weeks of rally, NDX appears to have reached an early turning … Continue reading

Posted in Published | Comments Off on May 7, 2024

May 6, 2024

8:15 am Good Morning! SPX futures have risen to a new retracement high at 5148.00 this morning.  The Cycles Model allows up to two more weeks of possible rally. However, today is day 248, where early turns may happen.  SPX … Continue reading

Posted in Published | Comments Off on May 6, 2024

May 3, 2024

2:09 pm SPX is rising back above its 50-day Moving Average at 5125.00.  The next hurdle is close by at 5138.00.  Once above thos3e hurdles, it may have a target of 5370.00-5400.00.  However, next week opens the door for a … Continue reading

Posted in Published | Comments Off on May 3, 2024

May 2, 2024

7:45 am  I will be away for the day.  Perhaps tomorrow may bring more certainty. Good Morning! NDX futures rallied to an overnight high at 17502.50, a 57% retracement, but deflated back beneath the 100-day Moving Average at 17485.15.  The … Continue reading

Posted in Published | Comments Off on May 2, 2024

May 1, 2024

4:00 pm SPX made a 75% correction of the decline, then puked to the lows.  This is not a good sign.  Could this be the beginning of a Wave 3 decline?  Comments in the morning. ZeroHedge remarks, “Powell to traders … Continue reading

Posted in Published | Comments Off on May 1, 2024

April 30, 2024

8:15 am Good Morning! SPX futures slipped to 5104.40 this morning after having tested short-term support at 5085.29 (not shown) during yesterday’s session.  The 50-day Moving Average remains as resistance at 5121.79.  Intermediate resistance is at 5147.06.  A break higher … Continue reading

Posted in Published | Comments Off on April 30, 2024

April 29, 2024

8:00 am Good Morning! SPX futures are edging higher, having made a new weekend high at 5115.40.  The 50-day Moving Average is at 5118.66.  A close above that level indicates an ability to go higher, completing a complex fractal with … Continue reading

Posted in Published | Comments Off on April 29, 2024