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Bought, UPRO, 100 shares at 74.89
Reason: Confirmation of the 60-E-1, has exceeded price target.
SPX Cycles % invested UPRO: 16.17%
Status Report. The 60-1 confirmed at close of 2nd hour. Possibilities today 60-E-1 close of 5th hour, UPRO Buy Signal open of 6th hour, price target 74.89. D-1 (Extreme Overdue) today at close.
I have added to this report on the bottom line the Upper Trend Line (UTL) price, above the UTL is BULL territory, below the UTL is BEAR territory. The Weekly is currently below it's UTL, however, for the Weekly to confirm a W-S-1, it must open on Monday below the UTL and remain below the UTL until the close on Friday 8/2/24.
The 60 min & Daily UTL are both above the Weekly UTL. So if either of them confirm a Bull Cycle, the Weekly Bear Cycle W-S-1 could be negated. So right now the Weekly W-S-1 has a very slim chance of getting confirmed.
SPXS Bear Cycle ends Friday at the close. Due to the confirmation of the 60-S-2 today at the 1st hour, the 6th SPXS Bear Cycle of this year has ended. The average # of cycles per year is 12.17. This cycle lasted 31 trading days, the average cycle lasts 22.62 trading days. During this cycle there was 1 buy signal (D-SC-2), the average buy signals (D-SC-2) per cycle is 0.21. I did not buy or sell any SPXS during this cycle, as the SPX Yearly Cycle remains in a strong Bull Cycle. Today a new SPXS Bear Cycle has started.
Bought, UPRO, 100 shares at 78.50
Reason: Confirmation of the 60-SC-1, has exceeded average duration to low.
SPX Cycles % invested UPRO: 13.4%
Bought, UPRO, 100 shares at 82.12
Reason: Confirmation of the 60-E-1
The 60-E-1 has been confirmed, a UPRO Buy Signal is currently active.
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