Trading SPX Cycles

[northam43]

Today the 60 min went back and forth in short cycles. That can either be indicating a consolidation before another leg up or could be indicating that a top is forming. Tomorrow the Daily P2 will be in it's 9th trading day, the average Daily P2 lasts 8.66 trading days, we projected this Daily P2 to be an extended one, and unless the SPX crashes tomorrow, the Daily P2 will be extended at tomorrow's close. With the Daily still solidly above it's EMA 3, what I expect may happen is since the last four 60 min P1's have been short, I will be looking for an average to extended 60 min P1 with a low in the range of 1821.1 if average and as low as 1802.94 if extended, the average 60 min P1 could take the SPX to the Daily UTL, the extended 60 min P1 could take the Daily below it's LTL and put the Daily into a P1, the Weekly UTL is currently at 1802.91, so if a Daily P1 was confirmed, it could send the Weekly into a P1, so we could have a domino effect here.