News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If we get the Weekly W-S-1 confirmed at the end of next week. The Weekly Bull Cycle projections will be reset. So we will likely see a lot higher projections going to the 6000 level.
The current end of year projected range (based on current average 60 min cycle data) has a forecast of 5285.40 to 6023.12. So far this year the 60 min bear cycles are currently averaging 53 points and the bull cycles are averaging 61 points.
SPX Cycles Long Range Projection Chart. Today the Weekly W-SC-2 has been confirmed, projected high 5072.54 (Reached), the high is due 5/17/24. However, the Weekly is currently below it's UTL (currently at 5141.16) so there is now a slight possibility of a Weekly W-S-1 at the close on 4/26/24, projected low 4971.09, the low will be due 4/26/24.
SPX Cycles Long Range Projection Chart. The SPX Weekly closed below it's UTL (currently at 5135.70) which is Bear Territory, for a Weekly Bear Cycle to be confirmed the Weekly will have to open on Monday below the Weekly UTL and remain below the UTL until the close of the week. Probably a slim chance of getting confirmed because all of the 60 min Bull Cycle projections are currently above the Weekly UTL level. If by chance at the close on 4/19/24 the Weekly confirms the W-S-1 (Overdue) projected low 4971.09, the low will be due 4/19/24. If the W-S-1 were to get confirmed that would actually be bullish, as the Weekly Bull Cycle projections would be reset to a lot higher levels. If the W-S-1 doesn't get confirmed next week, the Weekly W-SC-2 (Extreme Overdue) will, however the Weekly W-SC-2 projected high of 5072.54 has already been reached. If the W-SC-2 doesn't get confirmed, it will remain extremely overdue, which means we could go from a W-S-1 to a W-SC-2 which could be a 500 to 1000 point gain over the next 28 to 30 weeks.
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
AI
