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Category Archives: Published
May 20, 2024
7:30 am Good Morning! Have you prayed this morning? SPX futures have consolidated between 5306.00 and 5314.00 thus far this weekend. All seems quiet this morning, the consensus seems to think things are getting better despite deteriorating conditions domestically. Iran’s … Continue reading
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Comments Off on May 20, 2024
May 17, 2024
7:30 am Good Morning! Are you praying? Today is Nineveh 40 days minus 1. SPX futures are flat this morning, with only a 10-point trading range overnight near 5300.00. The Master Cycle high may have been made yesterday, on day … Continue reading
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May 16, 2024
10:35 am SPX is in a “throw-over” mode above the Cycle Top and upper trendline at 5305.00. An aggressive sell signal may be made beneath 5305.00. A trendline (confirmed) sell signal may be available beneath 5275.00. Sentiment appears at an … Continue reading
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Comments Off on May 16, 2024
May 15, 2024 Three days to the Nineveh Cycle
2:26 pm SPX has made its target. Prepare for a reversal. An aggressive sell signal may be made beneath the 2-hour Top at 5290.00. Confirmation lies beneath the 50-day Moving Average at 5148.50. 9:55 am SPX is approaching its … Continue reading
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May 14, 2024The Nineveh Cycle is Fast Approaching
3:28 pm SPX has reached its next resistance at 5250.00, which may ordinarily be the end of the rally. Today’s structure that triggered the probe higher was a Triangle formation that allows a final surge before the end of the … Continue reading
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May 13, 2024
8:30 am Good Morning! SPX futures made a weekend high at 5236.00, missing Friday’s high at 5239.66. Today is day 255 in the Master Cycle. There may be an allowance for a new marginal all-time high, but a full week … Continue reading
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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
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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
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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
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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
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Comments Off on May 7, 2024