S&P 500 Analysis & ETF Trading

[northam43]

The current Weekly is in a very strong P2 (up trend)

So I expect this W-E-2 to go the distance. To back up the Weekly upside, there is a Daily D-E-2 coming due Feb 5th and the Daily D-SC-2 has been overdue since Dec 30th (but that could remain overdue for months). If the D-SC-2 gets confirmed, the Weekly would then likely be headed for the W-SC-2 that is due Jan 2018.

So we could see the Bull Gap go to as high as 70.28 which occured during the Bull market of 2010 which lasted 11 months, this Bull market is currently in it's 10th month. The extended Bull market of 1998 lasted 25 months and had a Bull Gap at 77.31.

During a W-E-2 the Daily averages 7 complete cycles (P1/P2). Right now the Daily is at the end of it's 5th cycle in this current W-E-2. So we could have two more Daily P1 cycles and two more Daily P2 cycles before this W-E-2 comes to an end, unless it confirms a W-SC-2. The possible Daily P1 phases could be a D-1 & D-E-1 both are overdue. The possible Daily P2 phases could be a D-S-2 & D-2.