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SPX Cycles Long Range Projection Chart. Today the Weekly closed in Bear territory, so the Weekly W-2 could be ending this week and a Weekly W-S-1 could be confirmed next week at the close on 9/13/24. However, at this point it's a slim chance the W-S-1 will get confirmed because there is some large 60 min Bull Cycles that could take the SPX back up to 5600.
Bought, UPRO, 100 shares at 76.50
Reason: Confirmation of the 60-E-1, has exceeded price target.
SPX Cycles % invested UPRO: 8.77%
Other Info: This is my 1st buy of this UPRO cycle.
SPX Cycles Short Range Chart (60 min & Daily Cycles): Today a 60 min 60-S-2 was confirmed during the 1st hour. At the close of the 5th hour a 60-1 was confirmed and during the closing hour another 60-S-2 was confirmed. Tuesday at the close of the 2nd hour there is the possibility of a 60-2 and at the close of the 6th hour there is the possibility of a 60-E-2 (Extreme Overdue) that could produce a new ATH.
SPX All Cycles Chart. Today during the 1st hour a 60 min 60-S-2 was confirmed and ended at the close of the 2nd hour, a 60 min 60-1 was confirmed at the close of the 5th hour and another 60 min 60-S-2 was confirmed during the closing hour. Also at the close a Weekly W-2 (Extreme Overdue) was confirmed. Tuesday at the close of the 2nd hour there is the possibility of a 60-2 and at the close of the 6th hour there is the possibility of a 60-E-2 (Extreme Overdue) that could produce a new ATH.
Status Report. Today during the closing hour a 60 min 60-S-2 was confirmed, at the close a Weekly W-2 was confirmed. Tuesday at the close of the 2nd hour there is the possibility of a 60-2 and at the close of the 6th hour there is the possibility of a 60-E-2 (Extreme Overdue) which could produce a new ATH.
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