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So far today the 60 min has confirmed the 60-E-2, possibility of a 60-SC-2 (UPRO Sell Signal) Monday at the open. The Daily D-S-1 has been negated for today, if the SPX closes in the red then tomorrow the D-S-1 will be back in play. The Weekly could be back into Bear territory next week.
So far today a 60-S-1 was confirmed at the close of the 2nd hour, & currently in a 60-S-2 that was confirmed during the 4th hour, so a 60-2 is possible at the close. If the 60-2 is confirmed the D-E-1 isn't likely to be confirmed today. The 60 min level is Bullish by around 14 points, to bring that down the 60 min level will have to confirm some large Bull Cycles. So the Weekly W-S-1 could be negated by Friday.
UPRO/SPXS Signals. 4th UPRO Buy Signal confirmed. Average is 2.79 buy signals per UPRO Bull Cycle. Monday there is the possibility of a 5th UPRO Buy Signal as well as a SPXS Bear Sell Signal. Usually the SPXS Sell Signal is a bottom, unless we are in a large Weekly or Monthly Bear Cycle. Right now the projected Weekly Bear Cycle is due to end next week with a projected low of 5330.69.
Status Report. 60-E-1 confirmed today at the close of the 1st hour, and a UPRO Buy Signal target 76.35 confirmed, at the close a D-1 (Extreme Overdue) was confirmed. Monday at the close of the 2nd hour there is the possibility of a 60-SC-1. Tuesday at the close there is the possibility of a D-E-1 and Friday at the close is the possibility of a W-S-1.
SPXS Bear Cycle ended today. Due to the confirmation of the 60-S-2 today at the 2nd hour, the 8th SPXS Bear Cycle of this year has ended. The average # of cycles per year is 12.50. This cycle lasted 21 trading days, the average cycle lasts 22.15 trading days. During this cycle there was zero buy signals (D-SC-2), the average # of buy signals (D-SC-2) per cycle is 0.20. I did not buy or sell any SPXS during this cycle, as the SPX Yearly Cycle remains in a strong Bull Cycle. Tomorrow a new SPXS Bear Cycle will start.
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