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Daily Update

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April 7, 10 update
The Ticks got fairly oversold near the 12 hour cycle of 3:00pm on Wednesday and gave us a sharp rebound into the close that stopped at the previous low near 1182 which is the first Bull/Bear line, but the low Ticks should give us further rebounds from the trend line and support near 1175 Thursday morning as the 5.5 hour cycle suggests.

February 25, 10 update
The short term cycles are suggesting a mixed but mildly bullish day on Friday with the most strength in the morning and the weakest time in mid afternoon.

February 22, 10 update
The SPX held middle trend support near 1107 but broke it once it made a double top that started a correction that should take us first to the previous low near 1100, but will probably take us a bit deeper towards the lower channel near 1090 before we head higher to properly test the 1115-20 area.

January 28, 10 update
The SPX broke the range again and gave us the usual 20-30 point drop to the next Fib matches near 1079 but the Put/Call lines are acting much like they did last Monday and suggesting a flat day just below 1100 that ends near the lows and leads to more decline next week.

January 22, 10 update
Most indicators are getting oversold enough for another rebound attempt on Monday but the possible descending wedge and cycles suggest we may drop to the well watched 1085 area or a bit lower to the next Fib match near 1079 before a 2-4 day rebound starts on Monday or Tuesday for the expected 8 day cycle low.