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The Daily D-SC-1 got confirmed today at the close, so the next Daily cycle has to be a Bull Cycle.
Tomorrow hopefully we get a pull back, I'd like to see the Weekly W-S-1 get confirmed on Friday, then we could blast off on Monday.
If the 60 min 60-SC-2 gets confirmed on Thursday, along with a Daily D-S-2 (Bull Cycle). They would have to exceed their projections for the W-S-1 to get negated.
If they fail to negate the W-S-1, then we could see a large drop into a new Daily Bear Cycle, and then the Weekly W-E-1 (Extreme Overdue) could come into play.
So if we can hold off on the 60-SC-2 (Extreme Overdue) & D-S-2, and get the W-S-1 confirmed at the close on Friday. Then Monday could be a huge upside getting a new Weekly Bull Cycle confirmed. All four of the Daily Bull Cycles are due between 4/30/24 to 5/25/24. There is 1 Weekly Bull Cycle currently overdue, another coming due 5/1/24 and 7/29/24. If the W-S-1 gets confirmed, that leaves only the W-E-1 (Extreme Overdue) on the bear side. So we could see new ATH in May.
Looks like the Bulls are back in control of the market..Once they do, they are hard to stop.So almost every call I have made today has been wrong..Probably should just take the rest of the day off.
5041 is the 60 min SPX target, the 10EMA
https://schrts.co/NPzJwyQN
Looks like I "possibly" missed the call on the HOD...:::)
The Weekly W-S-1 right now has a 50% chance of getting confirmed. It's currently within 60 points of getting negated.
The 60 min 60-E-2 (Extreme Overdue) is likely to be confirmed at the close of this hour, then there is the possibility of a 60 min 60-SC-2 (Extreme Overdue) getting confirmed on Thursday. The 60-SC-2 will have to exceed it's projection to negate the W-S-1.
So if we go straight from here to the 60-SC-2, the W-S-1 will likely get confirmed.
If we get the 60-E-2 confirmed and then drop to a 60-S-1 (Extreme Overdue), which will reset the 60 min bull cycle projections, and then back up to confirm the 60-SC-2 by Friday close, then the W-S-1 will likely be negated.
Possibly the HOD is in. but need to get back below 5055 for better chance of more down...
The SPX daily 10EMA target has been hit..Signal from yesterday..
https://schrts.co/bqDrDFts
$SPX......2x10....+ DAILY.....
10.zig.
https://schrts.co/kAhYRYtt.
10.H..line
https://schrts.co/aVgKBZdj
Daily.
https://schrts.co/nYUuCapF
The 15 min SPX 20MA target was hit...Got the HOD call correct also..
https://schrts.co/QywKDcsf
UPRO......10.....+ Daily......left open GAP dn.Today...will fill it when....? OPINION..
10...
https://schrts.co/qtvuqQWP
daily..
https://schrts.co/YtaBMgVd
5007 is the 15 min SPX target, the 20MA..... However there is only 27 mins to closing and biggest volume period also...So who knows,,,
https://schrts.co/jJcSemRJ
$VIX.....Daily...trend ...LL ...under...17.21 Support...today...OPINION...
TOMORROW...VIX ...DAILY...TREND..WHAT.....?
https://schrts.co/SWSzWuAb
UPRO......Daily...trended HH today...not a BULL MARKET ...BULL MARKET CLIMBS .ABOVE ...R....I do not see any R esistance do you see one????.....
only see trend daily HH....tell you guru and see what he will say ..let me know..?
https://schrts.co/vjdcbzJR
The SPX HOD may be in...Time will tell..
https://schrts.co/GDNEExhB
According to one guru I read, the Bulls are now back in control....
The Weekly opened today as an UNCONFIRMED W-S-1 (Overdue) projected low 4971.09, the low has been exceeded. For the W-S-1 to get confirmed the Weekly must remain below the Weekly UTL (currently at 5117.56) until the close on Friday (4/26/24). The low will be due 4/26/24.
Right now the Weekly indicators remain in W-S-1 territory, so at this point the odds of the Weekly continuing down into a W-1 is slim. For a new Weekly Bull Cycle to get confirmed this Week which would negate the W-S-1, a 60 min 60-SC-2 (Extreme Overdue) will have to get confirmed. The 60-SC-2 has a current projected high of 5122.81. So the odds of the W-S-1 getting confirmed this week are high. If the W-S-1 does get confirmed the Weekly Bull Cycle projections will be reset.
Glen
Pretzel Update: Pretzel says he is neutral on direction here and suggests that one let the Market tell us what's next........
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174283033
The 60 min has confirmed a 60-SC-1. Due to the 60-SC-1 confirmation a UPRO Buy Signal is currently active price target 55.23. Also a SPXS Sell Signal is active price target 12.59.
This is the 7th UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.82 buy signals per cycle.
I can only add 5 UPRO positions (100 shares per position) during a UPRO Bull Cycle. I have already added 5 positions during this cycle, so I will have to wait for the cycle to end.
A couple of guru's I read also say a bounce here..5010 needs to reclaim for possible more up.
MACD needs to cross BELOW zero for a strong down move...4984 remains the Weekly SPX target, the 20MA
https://schrts.co/XrZDUpwW
5058 is the Daily SPX target, the 10EMA but just barely a valid signal. But we do have the signal so I have posted it..
https://schrts.co/KtNcCUDb
Great question and I do not have the answer. Usually when things look their worst the market rallies.
Glen
Do you see trillions of profits taken from the stock markets
The AI stocks fell 8% in since the top
Are traders leaving the market
Bloomberg says traders leaving in mass due to high valuations and inflation
They will take Trillions of profits out of markets
Ron Walker gets a lot wrong and is calling for bounce here
I will wait on TNA
Ron Walker has a bounce here
I will switch to TNA Monday
Last time we had three red weeks in a row and a MACD cross, there was a two-week dead cat bounce before rolling over.
Pray for peace
Next Week it looks like the Weekly is going to confirm a Bear cycle, it closed below it's lower trend line.
If confirmed the Weekly bull cycle projections will be reset.
We then will see which way it goes from there. The W-S-1 is overdue projected low 4971.09 & the W-E-1 is extremely overdue with a projected low of 4096.67.
Looking at the status of the Daily bull cycles, all of them are due in May projected from 5123 to 5507.29, will need a D-2 or D-E-2 to get the SPX Weekly back into bull territory.
SPX really needed to close below 4963...but now possible reversal up...How far.?
The Weekly 20MA SPX target has been hit...Now residing at 4965.This could be a strong support level and some kind of rampo just ahead....Unless more war news....China for example
https://schrts.co/JMtjaVtv
SPX.....W......BEARs...three weeks...wave3dn...from APR.1/2024
https://schrts.co/XGDqKbAt
UDOW...10............look like leader?????
https://schrts.co/TYfZJzbz
SPX....SPXS......10.....SPX..10...4966.04 NOW LOW..12.40P
SPX..10
https://schrts.co/SCTcmUAM
SPXS 10.
https://schrts.co/NkpNQpTU
One guru I read is looking at a long in this area??? FWIW
15 min chart pretty OS and just now hit S2..Could be seeing the lows for the day around here... Will try and see if I can catch the reversal if we have one..::)
https://schrts.co/xPNPGUjY
4935 is the Daily SPX target, the 100MA..Have had that signal for a couple days or more..But could be setting up for a big Squeeze too...As most are looking down right now.
https://schrts.co/pvCKGDnx
Thanks RCKS...I saw at one point the Futs were down over 80 points then I discover the reason. Not sure if Iran has the strength to finish off Israel. But am seeing a few pretty low prediction now on the web...But I do not think anyone really knows what the market is going to do even from day to day...JMHO
Glen
Pretzel Update: I went to bed seeing the Futures all the way down to 4927 last night, but looking now its as if it never happened.... I have a feeling we will need to visit those levels before we finish this correction.........
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174268520
Thanks for info...you right number 5001.89 been ring today....look daily chart...at bottom there is a H.. line....WOW...
$SPX 60.
https://schrts.co/kwSeQrEk
DAILY.....H.Line...at 5001.89
https://schrts.co/iRvDPtTW
The 60 min level is bullish by 16 points. The Daily is currently bearish by 9 points. The D-E-1 will eliminate 6 bear points, puts Daily bearish by 3 points. If the D-SC-1 gets confirmed that will eliminate 7 bear points, which will put the Daily bullish by 4 points.
D-SC-1 possible confirmation at the close on Tuesday.
Wednesday/Thursday large upside move ?
The Daily D-SC-1 low was due today 5001.89 ?
The D-SC-1 could be confirmed on the way up towards bull territory.
(E)$WGMI 60........+ Daily....
60....CC50 according to NORTH System 60 get BULL 60-SC2....maybe..? leave it to Master to agree or not? Stars 13.15=60-S-2 and so on...get HH ,HH,HH,..........60-sc-2 HH today.?
https://schrts.co/JQhICXxI
Daily...RSI 39.38 at print...4/18/2024
https://schrts.co/SuAVjGgQ
$SPX SPXS 60........LET SEE CC50 when climbs above center line 0.00 to + side and stay..
SPX..60.....
https://schrts.co/thEPFfuQ
SPXS..60...LET see when CC50 get under 0.00 to read neg. ..when....?? ......first do not count ..?
https://schrts.co/tziTVKiS
(E)$SPX.....30...60.....Plays at shadow of yesterday...market.....trend till now no decision...OPINION..
need to climbs to 5010.and hold.at close end of the day.. before daily consider call it Daily trend HH....
30 CC50
.https://schrts.co/qguSBrae
60......CC20
https://schrts.co/TeDGcwRU
(E)UPRO......10........Daily.......
if support 60.73 hold ..call it daily BEARs 7down..
10
https://schrts.co/RMMkYCMV
Daily...ZIG...RSI 14 Read now 34.85 need to deep under 30 and rise opinion
https://schrts.co/VCCnCXqJ
North, Thanks for the reply. Trump is almost as slippery as Houdini..If he gets out of all these court cases he deserves to be President. LOL
Bought, UPRO, 100 shares at 61.54. This is due to the 60-SC-1 confirmation. This is my 5th UPRO Buy during the current UPRO Bull Cycle, which is the max I can buy during a cycle.
Looking at my cycles, on November 6th a Weekly W-SC-2 will be due.
I believe the market is expecting Trump to win, if he doesn't it will probably crash.
Need to stay below 5025 the breakout level for possible more down into close.But last 30 min is big volume so anything can happen
https://schrts.co/naAmeMVS
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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