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Report #1 Status Report. Tomorrow at opening of the 4th hour there is the possibility of a 60-SC-2, also a UPRO Sell Signal. Tomorrow at the close possibility of a D-2. The 60 min level is in the green by 13 points and the Daily level is also in the green by 13 points. This means they have to confirm Bull Cycles to turn red. The 60-SC-2 is worth 14 Bull Cycle points.
Hi RCKS...Thanks.. I'm hanging in there.. One guru I read says possibly 5800 to 5900 for this ramp.? Only north has the secret to way out projections.. I just do day trading and hope I can guess the next hour or so..
Daily SPX target is the 34MA now at 5867..But 60 min is very OB..So may need a reset soon?
https://schrts.co/mwRNZGet
Glen
Hope all is well with you. I returned home late yesterday, after being on the road for two weeks.
Pretzel Update: (Yesterday's) His words: ".....it's not "over" for bears yet -- but this is really not what they wanted to see here, because this very much keeps bulls in the intermediate game for now."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175972264
I’m guessing bull market cycle was triggered?
SPX 60 min Chart. (Correction) Yesterday the 60 min didn't confirm the 60-E-1, because the EMA 3 had crossed up above the lower trend line at the close of the 6th & 7th hours. Also since the 60-E-1 wasn't confirmed, the 8th UPRO Buy Signal was also not confirmed. What was confirmed was a 60-1 (Extreme Overdue) yesterday at the close of the 3rd hour. Today a 60-E-2 was confirmed at the close.
Glen
Pretzel Update: Travel got in the way again today..... The Market liked Powel's statement today it seems
Pretzel's words:
".....this is the first real test bears have faced in a while. They probably need to hold the market below yesterday's peak, or things get a little sketchy for them."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175949351
The Daily SPX target is the 20MA but the up move has been stopped by the 10EMA..Need to break above if target is to be hit.
https://schrts.co/nRdAavBJ
15 min BB squeezed tight here.. Possible big rampo coming??
https://schrts.co/svYRMbHX
$UPRO.......60....7Ds.. + DLY.... DLY HH...
3/17/25.....HH..
3/14/25.....HH
60.....7 Ds
https://schrts.co/vGCsUkGG
DLY.....15 Ds
https://schrts.co/mgnuuFEB
$SPX........30.........DLY.....HH.....
30...With GAP....Down NEEDED to fill....OPINION....
https://schrts.co/mHyKwejI
DLY....HH...
https://schrts.co/VbJMAJuN
No Problem.. I have been away from the computer quite a bit lately..Did stay all day Thursday tho..
Daily target is the 10EMA if that gets hit then possible signal for the 20MA now at 5835.. I thought pric emight make it to the Daily 320MA...But not quite.
https://schrts.co/jTTKkfju
$UPRO......15........DLY ...HH ....3/17/25.
15.......UVIX....
https://schrts.co/vGHaifNj
DLY......OHLC COLOR Change Black or RED to fit During Live Market Momentum ..??? OPINION
https://schrts.co/hkYzXBnq
Glen
Pretzel Update from Texas: Still out and about. Pretzel thinks this is likely the wave 4 bounce with a 5th wave down yet to come but the decline could also be over and done......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175936881
GDVM~~~ Breakout Day.
https://www.globenewswire.com/news-release/2025/03/14/3043023/0/en/VeeMost-Technologies-Expands-Growth-Strategy-Provides-Update-on-FINRA-Approval-Strategic-Direction.html
https://www.globenewswire.com/news-release/2025/03/14/3042995/0/en/VeeMost-Technologies-Announces-E-Rate-Wins-New-Vendor-Partnerships-and-Contracts-with-a-Government-Services-Provider-in-the-Defense-Sector.html
https://stockcharts.com/c-sc/sc?s=GDVM&p=10&yr=0&mn=0&dy=2&i=p61286934807&a=527889566&r=1496692598960
Glen
My apology for not posting in a timely manner today, as travel prevented me from getting to it until now.
Pretzel Update: We got the bounce that he suggested was due but he also suggests the Down is not finished
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175930455
SPX Weekly Chart. The Weekly W-1 was confirmed at the close, the low was due today. So where does the Weekly go from here? Does it continue down to the W-E-1 (Extreme Overdue) or does it head up ward and confirm a new Weekly Bull Cycle? I believe the likely direction is up, due to the current status of the 60 min & Daily cycles.
Getting the old face ripper squeeze today..A break current H line REZ and possible move to 5710 ish
https://schrts.co/SqtiaijH
5460 is the currentt Daily SPX target, the 320MA..But the indicators are very OS now on almost all timeframes from daily tgo 5 min..Monthly target is the 20MA now at 5269..So we see
https://schrts.co/nxRaAgPu
SPX Daily Chart. The D-SC-1 (Extreme Overdue) was confirmed at the close. A D-S-2 (Overdue) is projected for Friday. The D-SC-1 is worth 16 Bear points, so once it is completed, the Daily Bull/Bear pressure meter (Daily Status Report) will become Bullish by +13, which means a large Daily Bull Cycle is likely in the short term.
5655 is the 60 min SPX target the 34MA but does appear to be making a Bearish Flag formation>?
https://schrts.co/MSkINdBq
Thanks RCKS...Been away from Puter most of morning.. SPX is signaling a move to the 20MA but now sitting right on top of the 15MA which at times can be very strong Support or REZ?
https://schrts.co/TiaYmsiS
$UPRO......15....DLY HH...
https://schrts.co/BNQDWNVN
Glen
Pretzel Update: Posting today's update but I didn't post Monday's as it didn't add anything to the previous Friday update. This is Pretzel's summary from today's update:
"Bulls are running out of real estate rapidly. If they can't pull out of this tailspin soon, then it will become increasingly likely that a major bear market just began. We'll give them a little more breathing room, but right now things are looking pretty awful for them. In the event this was the start of that major bear, we could ultimately retrace most of the rally that began in 2022... and if this is the start of a secular bear (a distinct possibility, given the wave positions in the big picture), we might not see current levels again for many years. Just something to keep in the back of one's mind."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175916489
UP DATE...$UPRO........2X15.......IN GREEN.....NOW.
1-15 ADX
https://schrts.co/xesVGJBz
2-..15...%B 20.
https://schrts.co/GgMWwvfq
$UPRO.........15...GET TWO BIG BUYs.....WILL BULL GET .MORE..BOOSTER ???
ABV...H...BLUE DOT LINE
https://schrts.co/bWZzgyum
Glen's system:
For this system, I use the 10EMA, 20SMA, 34SMA,50SMA,100SMA, 140SMA and the 200SMA.
I use CCI10,20,34,60 and 100..
The system hit targets more often when going with the trend...
The targets are for the MA's at the time they are called and the actual target price when hit may be slightly different depending on how long it takes and how steep the MA's are moving..Each time frame update will also change the value of the MA.
So here is the way it works..Starting from a top...This works in ALL time frames from the 1 min to the monthly..
When CCI10 drops back below +100 price moves to the 10EMA
When CCI10 crosses below zero price moves to the 20MA
When CCI20 crosses zero price moves to the 34MA
When CCI34 moves below zero price moves to the 50MA
When CCI60 crosses zero price moves to the 100MA
When CCI100 crosses zero price moves to the 140MA
When CCI100 crosses below -100 price moves to the 200MA.
When CCI272 crosses zero price goes to the 320MA.
when price gets above all the MA's I use then you move to the next longest timeframe for targets and signals
Then you just start the system in reverse when CCI10 moves back above -100..
* After price gets above all the MA's on every time frame then you can not call any more up targets.(Monthly Chart is the longest)....You have to wait for CCI10 to drop back below +100 for a down signal on any timeframe.
** Use same instructions in reverse for opposite direction market movements
*** In strong market moves, countertrend moves will be difficult to hit
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