Charts SYSTEMS

[northam43]

It would be nice if the Daily would just get back up to the UTL and stay in P2 today, so I won't have to make a difficult decision this afternoon. As it stands right now, the 60 min could confirm an average P2 at the end of this hour, if an average 60 min P2 is confirmed, the projected high goes to 1837.54, that is still below the Daily UTL which is currently at 1838.61, for the 60 min to confirm an extended P2 the 60 min MACD must cross above the zero line, it is currently -1.48 below the zero line, which is a lot for the 60 min. So an extended 60 min P2 is not very likely at this point. But if the Daily confirms a short P1 and then tomorrow confirms an extended P2, the projected high for the Daily extended P2 will be 1910.51, if an average Daily P2 is confirmed the projected high will be 1881.81, so bottom line, if a Daily short P1 is likely to be confirmed at the close today, I will be adding a SPXL position. Anyway, that's my thought process here.