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If this becomes a confirmed Daily Phase 1, I will be adding to my long position, if the Monthly EMA 3/8 remains on the Bull side. The current Monthly EMA 3/8 Bull gap is at 13.63
The SPX 60 min opened in an EXTENDED(OVER BOUGHT) Phase 2.
The SPX Daily opened in a EXTENDED(OVER BOUGHT) Phase 2.
So that would mean we need a pullback.
This could very well be just a 60 min Phase 1 and the DAily Phase 2 could remain extended for a few more days.
Or, it could be a Daily Phase 1 starting to develope. The earliest the Daily can confirm a Phase 1 is tomorrow at the close of the market.
If this is just a 60 min Phase 1 the projected low is 1340.8 and the Phase 1 should end around the closing hour or in the morning.
If this ends up being a confirmed Daily Phase 1, the projected low will be 1296.56
Yesterday on the Fox Business channel they said that 61% of mutual funds lagged behind the S&P 500.
As of today the S&P 500 return YTD has been: 7.80%
SPX Cycles YTD return is: 17.37%
The SPX 60 min Phase 1 lasted two hours, the low was 1346.45, the current Phase 2 projected high is 1371.66, the next 60 min Phase 1 projected low will be around 1354.
Today I am expecting a 60 min Phase 1, the projected low is is 1345.7, not expecting it to get that low.
Then the next 60 min Phase 2 projected high will be somewhere between 1370-80, that will put the Weekly & Monthly well above their respective UTL's.
The Weekly projected high is 1409.50, and the Monthly is 1437.3
IMPORTANT SPX CYCLES UPDATE:
As of this morning the SPX Monthly EMA 3/8 went back to the Bull side. So the Bull market continues into the 6th month.
However, the SPX Monthly remains in an Unconfirmed Phase 1, the SPX must rise above the 1347 level for the Monthly to remain in Phase 2.
The Daily is projected for a Phase 2 tomorrow and the Weekly is projected for a Phase 2 June 15th, so it's possible we could see a rally to the 1357 level in a very short time. At that level would put all timeframes in Phase 2 and the SPX would probably trend upward for a few weeks.
IMPORTANT SPX CYCLES UPDATE:
This was posted on my SPX CYCLES FACEBOOK GROUP this morning:
Good morning. The SPX 60 min Phase 1 opened in it's 1st trading hour, the projected low has already been broken, the next Phase 2 (due this afternoon) the projected high is 1307.21, the SPX Daily Phase 1 opened in it's 3rd trading day, the projected low is 1268.03, the next Phase 2 (due June 6th) the projected high is 1351.71, the SPX Weekly Phase 1 continues in it's 4th week, the next Phase 2 (due June 15th) the projected high is 1435.34, the SPX Monthly is in an UNCONFIRMED PHASE 1, the projected low is 1210.7, and the SPX Monthly EMA 3/8 is in an UNCONFIRMED BEAR MARKET, the current BEAR GAP is -1.85
The Monthly Phase 1 & Bear market can only be confirmed at the end of the month, that is June 29th, it's a long ways away. For the Monthly to get back into Phase 2 it must cross above the 1350 level, for the Monthly EMA 3/8 to get back into Bull territory it will have to get above the 1290.
I will be establishing a SDS(short) position, will sell it if the Daily & Weekly get back into Phase 2.
Bought 100 shares SDS at 17.77
SPX Cycles Facebook Group:
Good morning. Hope everyone had a great memorial weekend and honored those that gave the ultimate sacrifice, Freedom isn't FREE. Now back to the stock market. The SPX 60 min Phase 2 opened in it's 1st trading hour, the projected high is 1334.95, the next Phase 1 (due tomorrow morning) projected low is 1309.8, the SPX Daily Phase 1 opened in it's 17th trading day, the next Phase 2 (due by June 14th) projected high is 1357.56, the SPX Weekly Phase 1 opened in it's 4th week, the projected low is 1289.87 (I doubt it), the next Phase 2 (due June 15th) projected high is 1440.69, the SPX Monthly Phase 2 continues in it's 5th month, the projected high is 1437.3, the next Phase 1 (due March 2013) projected low is 1210.70, I believe the Monthly Phase 1 could come as early as August/September with a low of around 1400/1450 by December, this would leave us in a Bull market, the SPX Monthly EMA 3/8 Bull market continues in it's 5th month, the projected high is 1426.21, the current Bull gap is at 24.18, the next projected Bear market is October 2013.
SPX Cycles Facebook Group:
Good morning. The SPX 60 min Phase 2 opened in it's 2nd trading hour, the next Phase 1 (due the last trading hour) projected low 1303.5, the SPX Daily Phase 1 extended opened in it's 15th trading day, the next Phase 2 (due by June 14th) projected high 1357.56, the SPX Weekly Phase 1 continues in it's 3rd week, the projected low 1289.87 (not likley), the next Phase 2 (due June 15th) projected high 1440.69, the SPX Monthly Phase 2 continues in it's 5th month, the projected high 1437.3, the next Phase 1 (due March 2013) projected low 1210.7, and the SPX Monthly EMA 3/8 Bull market continues in it's 5th month, the projected high is 1426.21 (if this is the Big Bull that I believe it is the projected high will be more like 1700), the current Bull gap is at 21.06, the next projected Bear market is October 2013, projected low 1180.14 (if it is a Big Bear it will be more like 568).
As of this posting the Daily price is above the LTL, closing above the LTL normally indicates that the low has been established and we are now headed for the UTL/Phase 2. When the Daily gets above the LTL it will normally get to the UTL within 2 trading days, if the Daily Phase 2 is confirmed the Weekly price will be above it's LTL. The weekly will normally get to the UTL within 2 weeks of closing above it's LTL.
So far today we have made it to the Daily LTL:
Daily EMA 3: 1308.28
Weekly EMA 3: 1316.61
Daily EMA 8 : 1318.86
Daily LTL: 1320.04
Weekly LTL: 1335.86
Daily UTL/Phase 2: 1338.07
Weekly EMA 8 : 1344.92
It is most likely that the Daily will get another cycle before the Weekly goes into Phase 2.
SPX Cycles support levels today:
Daily EMA 3: 1308.28
Weekly EMA 3: 1316.61
Daily EMA 8 : 1318.86
Daily LTL: 1320.04
Weekly LTL: 1335.86
Daily UTL/Phase 2: 1338.07
Weekly EMA 8 : 1344.92
SPX Cycles Facebook group:
Good morning. The SPX 60 min Phase 1 extremely extended opened in it's 32nd trading hour, the next Phase 2 (due by May 19th A.M.) projected high is 1326.12, the SPX Daily Phase 1 extended opened in it's 11th trading day, the next Phase 2 (due by Jun 14th) the projected high is 1370.44, the SPX Weekly Phase 1 continues in it's 2nd week, the projected low is 1289.87, the next Phase 2 (due Jun 15th) the projected high is 1453.57, the SPX Monthly Phase 2 continues in it's 5th month, the projected high is 1437.3, the next Phase 1 (due March 2013) the projected low is 1210.70, and the SPX Monthly EMA 3/8 Bull market continues in it's 5th month, the projected high is 1426.21, the current Bull gap is at 17.66, the next projected Bear market is October 2013.
The 60 min must either confirm a new Phase 2 tomorrow or a new record will be established. If the 60 min confirms a Phase 2 and it is short in duration & or price, I will probably start using the Bear word. The earliest a SPX Cycles Bear market can be confirmed is at the end of June 2012, so alot can happen between now and then, hopefully the Daily & Weekly will be back in a long term Phase 2 by then.
The record decline for SPX Weekly Phase 1 in a Bull market is 11.91%, it dropped 185.3 points over 3 weeks, the Phase 1 lasted 7 weeks, the next Phase 2 lasted 7 weeks and gained 205.49 points. That was during the period Aug to Oct 2007
For the period Jan 25 to May 7, 2010, The Weekly Phase 1 during a Bull market, declined 9.21% and a drop of 105.95 points over 2 weeks, the Phase 1 lasted 3 weeks, the next Phase 2 lasted 12 weeks and gained 175.3 points.
The current Weekly Phase 1, which is in a Bull market, has declined 8.26% and dropped 117.5 points and is currently in it's 2nd week.
If your not a member of my facebook SPX Cycles group you are not getting the most current information.
At my facebook SPX Cycles group I normally post a morning and closing bell report, these reports give the current status of each cycle as well as my analysis as to the future direction of the market.
Also I post my trades as they occur.
I post updated charts with projections as cycles go from one Phase to another.
At the end of each day I normally post all my SPX Cycle reports that were updated during that day, giving you the most current cycle information.
Even if your a short term trader, or an options trader you can benefit from SPX Cycles, and best of all it's FREE. This ain't no $20 a month trading system, it's probably worth more like $1000 a month. But it's FREE, it will always be free. If you don't like it, you can always leave.
So if you would like to join the Facebook SPX Cycles Group. Just establish an account at facebook, it's FREE, and then do a search for "SPX Cycles" and request to join.
The SPX is not selling off anywhere near what it did last week. So it's looking like the Weekly Phase 2 may very well go into it's 22nd week. The Daily Phase 1 will be completing it's 3rd trading day today, it normally puts in a low by the 4th trading day, but it looks like it's going to close above the Daily LTL, that usually indicates that the low is in. So this last couple of weeks could have just been a consolidation period and next week the next leg up starts hopefully taking the SPX to the Monthly Phase 2 target of 1437.3, then after that is done the Weekly Phase 1 can start.
The best thing about facebook is no trouble makers. The administrator of the board has full control to eliminate the agitators.
My SPX Cycles Facebook group has had zero disruptions and all my members are very civil and a very diverse group of people.
Bought 100 shares SSO at 56.65
Bought 200 shares SSO at 56.39
Battle #3 starting get your forecasts in:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74175362
Sold 250 Shares of SSO at 56.1801
If the futures open at the current levels or below, it will most likely open below the Weekly UTL. If that happens all profitable SPX Cycle positions will be sold.
Bought 100 Shares of SSO at 57.37
The SPX Daily price is below the LTL. I'm looking for a bottom around the 1380 level for this possible Daily Phase 1.
I will be buying the 60 min Phase 1's until the Daily either gets back above the UTL, confirms a new Daily Phase 2 or drops below the Weekly UTL currently at 1379.59.
With the futures down 12 points so far this morning, it looks like the Daily may open in an unconfirmed Phase 1. If we do get a confirmed Phase 1 I will be looking for a bottom around the 1380 level which is where the SPX Weekly UTL is at. I'm not expecting a Weekly Phase 1 to develop at this time. I'm expecting a Weekly Phase 1 anytime during the May - July period.
Things might get interesting. The 60 min could get a Phase 2 by the top of the current hour, or it could wait til the close or drop back down, if we don't get a Phase 2 by the close, it's possible the the 60 min could then get a Phase 2 at the open in the morning and the Daily could follow with a Phase 2. That could creat a pretty good up move.
Rcks - Not yet. I am anticipating and short Daily Phase 1, that is why I am buying.
We don't have a confirmed Phase I yet do we?
Bought 100 Shares of SSO at 56.99
The SPX Daily price is below the LTL. I'm looking for a bottom around the 1371 level for this possible Daily Phase 1.
I will be buying the 60 min Phase 1's until the Daily either gets back above the UTL, confirms a new Daily Phase 2 or drops below the Weekly UTL.
If your not a member of my facebook SPX Cycles group you are not getting the most current information.
At my facebook SPX Cycles group I normally post a morning and closing bell report, these reports give the current status of each cycle as well as my analysis as to the future direction of the market.
Also I post my trades as they occur.
I post updated charts with projections as cycles go from one Phase to another.
At the end of each day I normally post all my SPX Cycle reports that were updated during that day, giving you the most current cycle information.
Even if your a short term trader, or an options trader you can benefit from SPX Cycles, and best of all it's FREE. This ain't no $20 a month trading system, it's probably worth more like $1000 a month. But it's FREE, it will always be free. If you don't like it, you can always leave.
So if you would like to join the Facebook SPX Cycles Group. Just establish an account at facebook, it's FREE, and then do a search for "SPX Cycles" and request to join.
northam43:
Will do it today.
Regards.
NASARAVI - I've changed my facebook group from a SECRET group to a Closed Group. So now you don't even have to send me an e-mail to join. Just go to facebook and look up "SPX Cycles" and request to join the group, any of our members can confirm your membership.
There is alot of information put out Daily at the facebook site.
I put out a morning and an afternoon report with chart on the current status of all timeframes.
During the trading day when a timeframe goes into Phase 1 or 2 I post the chart with the current projected data.
northam43:
Thanks a lot.
Your other post 4583 on SNOOT board explained daily Phase 1 plan.
Regards.
NASARAVI - The SPX Cycle Positions that I sold each had more than a 10% gain. So I was just locking in the profits. I plan to rebuy them during the next Daily Phase 1.
Northam43:
Interested in your logic behind the SSO sell?
Are u expecting daily Phase 1 soon (like in 1-2 days....since we are almost 8 days on Phase 2 daily).
Are u thinking 40-50 point correction, so it could come from 1440 area.
TIA,
Now it's the wait for the next Daily Phase 1 to start buying back.
All 10% position sell orders were filled. Also added a SSO sell order at 58.85 it was filled.
SPX Cycles locked in some nice profits today.
I currently have two Sell Limit Orders for SSO 100 shares each. The 1st limit order is at 58.56 and the 2nd is at 58.78
These limit orders are established based on the 10% rule.
If these positions get sold, they will be bought back during the next Daily Phase 1.
One of the biggest problems I see with most trading systems is that they don't take into account the Major Trend of the market Bull or Bear.
Especially your short term trading systems, they are mostly geared to a Bear market, however the problem with that is that the market is Bullish 75% of the time.
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SPX Cycles has moved to facebook. If you would like to join my facebook group go to www.facebook.com and create an account it's FREE.
Then search for "SPX Cycles" and press the request to join button. We will confirm your request during the next trading day.
Please remember that everything that I say or imply on this board is not meant to be used in any way for trades with real money, you should either consult with your financial professional or do your own research before trading with real money.
Thank you for your interest in SPX Cycles.
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