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Kissed the 320MA from below. I mentioned yesterday that was probably the target...That might not act as REZ today either...Time will tell...shortly..:)
https://schrts.co/uMsDktUM
If price gets above 5280 to 5284 ish then there could be another squeeze up..Usually that happens the last 30 mins..So keep a sharp eye on these levels.
https://schrts.co/uMsDktUM
5251 is the 15 min SPX target, the 50MA..That is usually a strong MA...So we see.
https://schrts.co/gCysTvIv
We got a new Daily Bull Cycle today.
The 60 min level is pretty bullish, in the green by 17 points.
The Daily is bullish, in the green by 3 points.
If the Weekly W-E-2 gets confirmed on 6/21/24, the Weekly Bull Cycle could continue to September, projected high 6060.
Maybe September
The Daily SPX target, is the 10EMA and it has been hit and exceeded from below. No new signal as I post
https://schrts.co/ZhpuhNuB
15 min Very OS..Could be heading back to the
320MA...Watch CCI272. Needs to cross above zero for the signal. 320MA now at 5290
https://schrts.co/phBtxRXa
Glen
Pretzel Update: He feels even if we make a new high that we are close to a Bigger Correction............... Maybe
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174532542
Well I said the 15 min chart was very OS and may need to reset...It sure did..
https://schrts.co/YsXHPSKv
15 min SPX just kissed the 20MA from below and pulled back a little..So watch to see if it gets past that shortly..
https://schrts.co/bwUYXxIY
5179 is the current Daily SPX target, the 50MA...That can be a strong MA...Also the 15 min SPX indicators are all very low and most have turned up..So that may have to reset back up first..
https://schrts.co/nwKtSjbY
https://schrts.co/bwUYXxIY
Thanks RCKS...Both guru's I read are of that opinion also.
Glen
Pretzel Update: he thinks Bulls could still make a higher high.............. Maybe...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174519842
Bought, UPRO, 100 shares at 69.30. This is due to the confirmation of the 60-SC-1.
(E)$SPX Daily ... trend LL.. today .....need to reverse trend HH... BL SIGN..
Needed 60-S-2.
Looks like the 60-SC-1 may get confirmed today at the close of the 4th hour.
If the 60-SC-1 is confirmed another UPRO Buy Signal will become active, target price 63.43, also a SPXS Sell Signal will become active, target price 11.18.
Possibility of the extreme overdue Daily D-1 getting confirmed at the close on Friday.
If the 60-SC-1 is confirmed, that will be another 14 Bear points off the table, which will put the 60 min level in the green by 14 points.
If the D-1 gets confirmed that will be 7 Daily Bear points off the table, putting the Daily green by 13 points.
So by the close of the week the 60 min & Daily levels could be quite Bullish.
Hard to believe we are selling off into the close.
This is the little 15 min chart I have H lines on support and REz levels on.. You can change this ti a 4 hour chart and go back a long ways to see the SR levels.
https://schrts.co/bWgMKGeY
The 4 hour SPX has hit the 34MA target...
https://schrts.co/BhTJvmFh
Just now got a new signal for the 60 min SPX...The target is now the 140MA at 5230..However CCI100 must stay below ZERO for the signal to remain Valid...
EDIT...Darn signal has been negated already...CCI100 back above zero...Maybe next time..::)
https://schrts.co/JIkqJXIU
2nd EDIT...Signal for 140MA is Valid again...Just watch CCI100..If it is below zero then the signal is valid...I will not be able to keep up with it all day.
5285 is the 60 min SPX target, the 10EMA..Boy that 100MA has been very strong support so far today..
https://schrts.co/yTFqZHxv
Bought UPRO 100 shares at 70.16, this is due to the confirmation of the 60-E-1.
RCKS.
Thanks for the info.One guru I read says 5265 might be a target and could fail and go lower.??
The Daily SPX target has been hit and exceeded,, the 10EMA now at 5280
https://schrts.co/cgXYMZqu
https://schrts.co/cgXYMZqu
The 60 min SPX target has been hit, the 100MA now at 5273
https://schrts.co/VJdecruz
Glen
Pretzel Update: First update this week and not a lot to say really other than the market should test the most recent low of 5256
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174505432
Target hit already..15 min 320MA..Usually when the320MA is hit the chart is OB or OS and a reversal?? Just have to see..
https://schrts.co/eWaCwCpt
5281 is the 15 min SPX target, the 320MA...If price hits the target there might be a bounce or reversal..Seems to always ramp into the close .??
https://schrts.co/WeEGPqQG
Sounds good to me..
They sure know how to do it too..
Still have the 2 large 60 min Bear Cycles extreme overdue.
60-E-1 projected low 5174.41
60-SC-1 projected low 5106.36
Looks like the Daily could be going into Bear territory
The D-1 is extreme overdue projected low 5184.54
Nor up very much. Just burning premium.
So will price be heading down?? Doesn't seem to want to go down very much.
5282 is the Daily SPX target, the 10EMA..However CCI10 is sloping up so may be a short lived signal.?
https://schrts.co/ZsFhQiHW
We could get the 60-E-1 at the close of the 5th hour on Tuesday.
The BB's are squeezing together on the 15 min SPX chart..Most likely getting ready for a bigger move. Possibly down.
https://schrts.co/sMfpKWvm
5293 is the 15 min SPX target, the 20MA...As I said yesterday a bigger move up..Now the 15 min chart is very OB so possibly some down just ahead,,? Traders may not want to hold stuff over the Monday vacation?
https://schrts.co/zqdNGZem
Glen
Pretzel Update: He gives the edge to Bulls still but I think we are ready for some down, much as I think you do Glen.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174484204
SPX Cycles Long Range Projection Chart. Today the SPX put in a new ATH at 5341.88. The Weekly, Monthly, Quarterly & Yearly cycles all put in new cycle highs at 5341.88. Looks like we could be getting the overdue 60 min Bear Cycles (60-1, 60-E-1 (UPRO Buy Signal) & 60-SC-1 (UPRO Buy Signal)) confirmed tomorrow & next week. The 60-E-1 could get confirmed tomorrow at the close of the 3rd hour, projected low 5182.54, and the 60-SC-1 could get confirmed Tuesday at the close of the 4th hour, projected low 5114.38. Also a new Daily Bear Cycle (D-S-1) is possible tomorrow at the close projected low 5205.24, which could lead to getting the extreme overdue D-1 confirmed at the close on Wednesday with a projected low of 5184.54.
The SPX daily chart might give a signal for the 20MA at the open tomorrow ..So really hard to call this correct...By me anyway. CCI10 needs to cross below zero for the signal.
https://schrts.co/iMAXtCVg
Possibly big up move coming soon.At the open tomorrow?? Love to be wrong.
15 min SPX chart actually went below the 320MA and has now bounced...Couldrecover a lot of this down before the close.?
https://schrts.co/cJZdZsXW
https://schrts.co/HvSxtgYV
SPX daily 10EMA target finally hit..Signal been valid for a few days..
https://schrts.co/HvSxtgYV
SPX now below the former LOD...Maybe this is the bottom falling out. Came very close to the 15 min 320MA which is usually a reverse MA..Guess we see.
https://schrts.co/ndxJckiB
15 min SPX went right to the S2 level then has reverses...or at least bouncing now..
https://schrts.co/ndxJckiB
Glen
Pretzel Update: Yesterday's update. NVDA had great earnings but not sure we go up much more before getting some kind of correction....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174474711
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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