RE-SPXS Daily......WILL BEARS IN THERE WAY TO MARKET.....?....WILL SEE....
SPXS......Daily........this week may market get R....good luck...?
SPX Cycle Long Range Projection Chart. Today the Weekly Bull Cycle (W-2) put in a new cycle high at 4587.64, the high is due 12/15/23, however, the Weekly is currently well into W-E-2 territory. At the close on 12/29/23 there is the possibility of a Weekly W-E-2 (due 12/29/23) projected high 4993.99, the high will be due 3/22/24. So it is possible we could see a new ATH before the close of the year.
Thanks RCKS..Nothing new from the guru's that I read. One guy is saying we will at least get to 4625 on the Futs which is 4613 on cash.
(E)SPXS Daily......WILL BEARS IN THERE WAY TO MARKET.....?....WILL SEE....
or just fill today GAP.....?
SPXS......Daily........this week may market get R....
Pretzel Update: A good post today from Pretzel and like his headline today. 4607 may very well act as resistance once we get there. I might add each rise of late has been sold as if we are in Distribution faze.......
We have always said that Da Boyz signal what all are supposed to do..Hopefully the guy who signaled today will be wrong until we reset the Daily chart...Need about 200 points for that.
Thanks..I was wondering what caused the quick rampo..Now on the way back down...The elevator ride was pretty fast ..::)
From my view 4625 feels like it could be achieved with EOM/Start of Month ramp up into Friday
They sold that burst to 456.27 but that likely was a signal for higher prices the quick thrust up
Fed speak. Maybe done with hikes, so market thinks they will cut. I doubt it.
I think there is an above avg chance we tag 4607 region before we start a correction of note
The Daily Bull Super Cycle (D-SC-2) extreme overdue, projected high 4526.23 (reached) is expected to be confirmed at the open on Thursday. The high is due 12/8/23. So the next Daily Cycle has to be a Bear Cycle, the D-S-1 is overdue projected low 4451.58, the D-1 is extremely overdue with a projected low of 4433.87.
Right now the Daily & Weekly levels are Bullish, however, when the D-SC-2 gets confirmed that will eliminate 28 Bull points, which will put the Daily level around -22 , the D-1 is currently worth 22 bear points, so it looks like the D-1 is the likely path.
Pretzel Update: A long one today talking about risk management and the importance of it in ones Trading Habits, he does finish with a current chart and two that look way back in time and are his justification we are near a Bigger correction.....
SPX Cycles Long Range Projection Chart. Friday at the close the Weekly confirmed a W-2 (due 4/15/24) projected high 4547.06 (reached) the high is due 12/15/23. At the close on 12/29/23 there is the possibility of a Weekly W-E-2 (due 12/29/23) projected high 4993.99 (ATH), the high will be due 3/22/24.
Here is Tom Bowley's Bullish View going forward.
On the Weekly SPX chart I can see the Inverse Head Shoulders as clear as day.............. Does this play out and we go to 5700 SPX in 2024, I'm not sure this plays out quite like that but what do I know?
Pretzel Update: Another long post with a list of reasons that the Market shouldn't fundamentally be going up but after today's trading it appears the Market ignored Pretzel's concerns.......
SPX Cycles Long Range Projection Chart. Today the Weekly Bull Cycle W-S-2 put in a new cycle high at 4568.43. Friday at the close the Weekly will likely confirm a W-2 (due 4/15/24) projected high 4547.06 (reached), the high will be due 12/15/23. At the close on 12/29/23, there is the possibility of a Weekly Bull Cycle W-E-2 (due 12/29/23) projected high 4993.99, the high will be due 3/22/24. Keep in mind that the Weekly Bull Cycle W-SC-2 is extremely overdue with a projected high of 5072.54. The Quarterly indicators are very close to going into Q-E-2 (due 6/5/29) territory, projected high 19001.05, that still has another 9 quarters (over 2 years away) before it can be confirmed, if confirmed the high will be due about 8 years from now.