SPX Cycles Update & Closing Report: Bull Gap 61.84 (OB)
The SPX 60 min today during the 1st hour confirmed a 60-S-2 (due 10/1/17) and put in a high at 2503.51, then at the close of the 3rd hour a 60-S-1 (due 10/1/17) was confirmed and put in a low at 2495.12, then during the 4th hour another 60-S-2 (due 10/2/17) was confirmed, the projected high range is 2507.94 to 2513.90, a 60-S-2 high could be in. The SPX 60 min closed below it’s UTL, so tomorrow morning at the close of the 1st hour a 60-S-1 (due 10/2/17) could be confirmed with a projected low range of 2490.37 to 2485.40
The SPX Daily D-E-2 continues in it’s 19th day, the projected high range is 2521.58 to 2602.01, a D-E-2 high could be in. Keep in mind that the D-SC-2 is overdue, if the D-E-2 continues to the open on 9/28/17, a D-SC-2 will then be confirmed. However, the SPX Daily again closed today below it’s UTL, so tomorrow at the close there is the possibility of a D-S-1 (overdue) getting confirmed, with a projected low range of 2474.10 to 2445.73, a D-S-1 low will be due by tomorrow.
The SPX Weekly W-2 continues in it’s 5th week, the projected high range is 2558.39 to 2644.40, a W-2 high is due by 10/6/17
The SPX Monthly M-E-2 continues in it’s 19th month, the projected high range is 2306.76 to 3080.47, a M-E-2 high is due by 7/31/18
The SPX Bull Market Bull-E-2 continues in it’s 18th month, the projected high range is 2495.86 to 3439.87, a Bull-E-2 high is due by 2/28/19
Possible SPX Cycles Buy Signal(s) for Wednesday: If the 60-E-1 is confirmed tomorrow at the close of the 6th hour a SPXL Buy Signal will be activated.
SPX Cycles Buy’s Today: None
Possible SPX Cycles Sell Signal(s) for Wednesday: None
SPX Cycles Sell’s Today: None
SPX Cycles Portfolio: 6.26% Long (SPXL), 19.59% Short (SPXS, SPXU), 74.15% Cash
Closing SPX Cycles Indicator’s Report: The SPX Cycles Bull Market remains in an OB condition. The SPX Daily, Weekly & Monthly is currently in an OB condition.
Closing SPX Cycles Overdue & Future Phases Report. Wednesday there is no phase changes due. The next phase(s) due is a 60-E-1 due 9/30/17. There are currently 15 overdue phases, 2 of them are currently confirmed, 6 of them are P1’s, 9 of them are P2’s (2 of them are currently confirmed).
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