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SPX Cycles Update. The Daily remains OB. Today during the 1st hour the Weekly confirmed a W-S-2 (due 5/1/24) projected high 4421.17, the high is due 11/17/23, keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54. Today at the close of the 1st hour the 60 min confirmed a 60-2 (Overdue) projected high 4415.67. Today at the close of the 5th hour there is the possibility of a 60 min 60-E-2 (Overdue) projected high 4469.23, the high will be due tomorrow at the 6th hour or a 60-S-1 (due 11/13/23) projected low 4362.71, the low will be due the 5th hour.
SPX Cycles End of the Day Reports & Charts. The Daily is OB. Today at the close the Daily confirmed a D-E-2 (Extreme Overdue) projected high 4420.42, the high is due 11/27/23. Tomorrow during the trading day there is the possibility of a Weekly W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. Tomorrow at the close of the 1st hour there is the possibility of a 60-2 (Overdue) projected high 4415.67, the high will be due tomorrow at the 2nd hour.
SPX Cycles Update. Today during the 6th hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4397.72, the high is due today at the 6th hour. Today between now and the close there is the possibility of a Weekly W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23, keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54. Today at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4420.09, the high will be due 11/27/23. Tomorrow at the close of the 1st hour there is the possibility of a 60 min 60-2 (Overdue) projected high 4415.67, the high will be due tomorrow at the 2nd hour.
13th UPRO Bull Cycle this year ended today. This was the 13th cycle of this year, the average per year is 14.8 cycles. This cycle lasted 20 trading days, the average per cycle is 17.67. During this cycle there was 4 buy signals, the average per cycle is 2.87 buy signals per cycle. During this cycle I bought 400 shares of UPRO at an average price of 38.99 per share. During this cycle I sold 400 shares of UPRO at an average price of 41.53 per share. A new UPRO Bull Cycle will start tomorrow.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4360.53 (reached). Today during the 5th hour there is the possibility of a 60-S-2 (Overdue) projected high 4397.72, if the 60-S-2 is not confirmed, there is the possibility of a 60-1 (Overdue) projected low 4338.51, today at the close of the 6th hour, the low will be due today at the 6th hour. Today during the trading day there is a possibility of a Weekly W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. Today at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4420.09, the high will be due 11/27/23. Due to the confirmation of the 60-S-1, the UPRO Bull Cycle has ended today, tomorrow a new UPRO Bull Cycle will start, the average UPRO Bull Cycle lasts 17.67 trading days.
SPX Cycles End of the Day Reports & Charts. So does the 60 min 60-SC-2 end tomorrow? The 60 min 60-S-1 (Overdue) current projected low is 4355.62. Tomorrow during the trading day there is the possibility of a new Weekly Bull Cycle, W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23, keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54 (ATH). Tomorrow at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4420.09, the high will be due 11/27/23. If the 60-S-1 gets confirmed tomorrow, the UPRO Bull Cycle will end and a new UPRO Bull Cycle will start on Thursday.
I agree, normally when a M-2 is confirmed it gradually continues upward for 7 months, this one went up for 3 months and put in a high at 4607.07, so maybe we get back to the high by the end of the month.
The last 4 M-2's put in a high longer than average. 9, 9, 15, & 11
So we could see the high in January or even July.
A M-E-2 could get confirmed at the end of March with a projected high 6473.28, the high will be due 2/28/25.
So maybe we are in a M-E-2.
SPX Cycles Long Term Projection Chart. Today during the 2nd hour, the SPX hit the Monthly UTL at 4379.78, so that means the Monthly M-S-1 has been negated and the Monthly M-2 continues in it's 7th month, projected high is 5580.16, the high is due 11/30/23, that means the SPX will have to gain 1196.72, from the current price to reach the projected high, that's probably a bridge to far, or is there something major about to happen. There is the possibility today of the Weekly confirming a new Bull Cycle W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. Keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54.
SPX Cycles Long Term Projection Chart. Today during the 2nd hour, the SPX hit the Monthly UTL at 4379.78, so that means the Monthly M-S-1 has been negated and the Monthly M-2 continues in it's 7th month, projected high is 5580.16, the high is due 11/30/23, that means the SPX will have to gain 1196.72, from the current price to reach the projected high, that's probably a bridge to far, or is there something major about to happen. There is the possibility today of the Weekly confirming a new Bull Cycle W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. Keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54.
SPX Cycles Update. The 60 min remains OB. The 60 min 60-SC-2 continues. The Monthly M-2 continues in it's 7th month, projected high 5580.16, the high is due 11/30/23. Today during the trading day there is the possibility of a 60-S-1 (Overdue) current projected low 4354.52 and a Weekly W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. Keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54. Tomorrow at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4420.09, the high will be due 11/27/23.
SPX Cycles End of the Day Charts & Reports. The 60 min remains OB. Will the 60 min 60-SC-2 end tomorrow? The 60-S-1 (Overdue) current projected low 4343.07. Wednesday at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4420.09, the high will be due 11/17/23. This week there is the possibility of a new Weekly Bull Cycle, W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. For the W-S-2 to get confirmed the SPX will have to hit the Weekly UTL currently at 4389.63.
If this is the start of the Daily D-SC-2, we could see 4500 by the end of the month.
The end of year range as of the close today is 4678.11 to 5074.40, so we still have a shot at an ATH before the end of the year.
SPX Cycles Long Range Projection Chart. Next week there is the possibility of a new Weekly Bull Cycle W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. For the W-S-2 to get confirmed the SPX must hit the Weekly UTL currently at 4393.11. If the W-S-2 is not confirmed, there will be the possibility of a Weekly W-E-1 (Extreme Overdue) getting confirmed on Friday at the close, the projected low will be 3533.63. For the W-E-1 to get confirmed the following conditions have to be met. The Weekly MACD (12,26,9) has to be below the zero line and the Weekly EMA 3 (currently at 4277.22) has to be below the Weekly Lower Trend Line (LTL) currently at 4250.54 at the close on Friday. There is currently a slight possibility that a Monthly M-S-1 (due 12/4/25) will get confirmed at the close of the month (11/30/23). For the M-S-1 to get confirmed the SPX must remain below the Monthly UTL (currently at 4377.86) until the close of the month. If the M-S-1 is confirmed the projected low will be 4030.62, the low will be due this month. So next week could be a big week in determining the long term direction of this market.
SPX Cycles Long Range Projection Chart. Next week there is the possibility of a new Weekly Bull Cycle W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. For the W-S-2 to get confirmed the SPX must hit the Weekly UTL currently at 4393.11. If the W-S-2 is not confirmed, there will be the possibility of a Weekly W-E-1 (Extreme Overdue) getting confirmed on Friday at the close, the projected low will be 3533.63. For the W-E-1 to get confirmed the following conditions have to be met. The Weekly MACD (12,26,9) has to be below the zero line and the Weekly EMA 3 (currently at 4277.22) has to be below the Weekly Lower Trend Line (LTL) currently at 4250.54 at the close on Friday. There is currently a slight possibility that a Monthly M-S-1 (due 12/4/25) will get confirmed at the close of the month (11/30/23). For the M-S-1 to get confirmed the SPX must remain below the Monthly UTL (currently at 4377.86) until the close of the month. If the M-S-1 is confirmed the projected low will be 4030.62, the low will be due this month. So next week could be a big week in determining the long term direction of this market.
SPX Cycles End of the Day Reports & Charts. The 60 min remains OB. Today at the close the Daily confirmed a D-2 (due 12/21/23) projected high 4253.82 (reached). Monday during the trading day there is the possibility of a 60-S-1 (Overdue) current projected low is 4343.07. Wednesday at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4420.09, the high will be due 11/27/23. Next week during the trading week there is the possibility of a new Weekly Bull Cycle, W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. For the W-S-2 to get confirmed the SPX has to hit the Weekly UTL currently at 4393.11. The other possibility at the close of next week is a Weekly W-E-1 (Extreme Overdue) projected low 3533.63, the low will be due 11/27/23. For the Weekly W-E-1 to get confirmed the Weekly MACD (12,26,9) has to close the week out below the zero line, right now it is 12 pts above the zero line. There is the possibility of a Monthly M-S-1 (due 12/4/25) projected low 4030.62, getting confirmed at the close of the month. For the M-S-1 to get confirmed at the close of the month, the SPX must remain below the Monthly UTL currently at 4377.86, until the close on 11/30/23. Today we came within 4.24 points of hitting the Monthly UTL.
Mine is not a 9 day.
It varies by cycle type & timeframe.
The limit order was filled at 42.22.
Sell Limit Order, UPRO, 100 shares at 42.22
I'm going to be out today, so I placed this limit order in case the 60-SC-2 continues.
SPX Cycles End of the Day Reports & Charts. The 60 min remains OB. Tomorrow at the close of the 4th hour there is the possibility of a 60-S-1 (due 11/4/23) current projected low 4289.55, the low will be due at the 4th hour. Tomorrow at the close there is the possibility of a Daily D-2 (due 12/21/23) projected high 4253.82 (reached), the high will be due Monday. Keep in mind that the Daily D-E-2 (4420.09) & the D-SC-2 (4526.23) are both extremely overdue. Tomorrow during the trading day there is the possibility of a new Weekly Bull Cycle W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/10/23. Keep in mind that the Weekly W-SC-2 (5072.54 ATH) is extremely overdue.
SOLD, UPRO, 300 shares at 41.30, this is due to the 60-SC-2 confirmation & the Weekly hasn't confirmed a new Bull Cycle.
SPX Cycles Update. 60 min remains OB. Today at the opening of the 1st hour the 60 min confirmed a 60-SC-2 (Overdue) projected high 4276.36 (reached), the high is due today at the 7th hour. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, sell price above 40.23. Tomorrow at the close of the 4th hour there is the possibility of a 60-S-1 (due 11/4/23) current projected low 4275.95. Tomorrow at the close there is the possibility of a Daily D-2 (due 12/21/23) projected high 4253.82 (reached), the high will be due Monday. Keep in mind that the Daily D-E-2 (4420.09) & D-SC-2 (4526.23) are both extremely overdue. There is currently a possibility of a new Weekly Bull Cycle W-S-2 today or tomorrow, projected high 4421.17, the high will be due 11/10/23.
SPX Cycles End of the Day Reports & Charts. The 60 min is OB. Today during the 7th hour the Daily confirmed a D-S-2 (due 11/5/23) projected high 4244.16 (reached), the high was due today. Tomorrow at the opening there is the possibility of a 60-SC-2 (Overdue) projected high 4276.36, the high will be due tomorrow at the 7th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 40.20. Tomorrow at the close there is the possibility of a Daily D-S-1 (Overdue) projected low 4137.05, the low will be due tomorrow.
SPX Cycles Projected Long Range Chart. The Monthly has opened November in an UNCONFIRMED M-S-1 (due 12/4/25), if confirmed at the close on 11/30/23, the projected low will be 4030.62, the low will be due this month. The M-E-1 is extremely overdue with a projected low of 2943.64, and the M-SC-1 is overdue with a projected low of 2435.65. For the M-S-1 to be negated, the SPX will have to get to the Monthly UTL currently at 4353.81. If a new Weekly Bull Cycle is confirmed this month, the M-S-1 will likely be negated. However, the Weekly is currently in W-E-1 territory, if the W-E-1 is confirmed Friday at the close the projected low will be 3533.63, the low will be due 11/27/23.
SPX Cycles Projected Long Range Chart. The Monthly has opened November in an UNCONFIRMED M-S-1 (due 12/4/25), if confirmed at the close on 11/30/23, the projected low will be 4030.62, the low will be due this month. The M-E-1 is extremely overdue with a projected low of 2943.64, and the M-SC-1 is overdue with a projected low of 2435.65. For the M-S-1 to be negated, the SPX will have to get to the Monthly UTL currently at 4353.81. If a new Weekly Bull Cycle is confirmed this month, the M-S-1 will likely be negated. However, the Weekly is currently in W-E-1 territory, if the W-E-1 is confirmed Friday at the close the projected low will be 3533.63, the low will be due 11/27/23.
SPX Cycles End of the Day Reports & Charts. 60 min is OB. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (due 11/5/23) projected high 4244.16, the high will be due tomorrow. Thursday at the opening of the 1st hour there is the possibility of a 60 min 60-SC-2 (Overdue) projected high 4276.36, the high will be due Thursday at the 7th hour. If the 60-SC-2 gets confirmed a UPRO Sell Signal will become active, sell price above 4016. If the Daily D-S-2 doesn't get confirmed, Friday at the close there will be the possibility of a Daily D-SC-1 (due 5/3/24) projected low 3971.39, the low was due today. Also Friday at the close there is a possibility of a Weekly W-E-1 (Extremely Overdue) projected low 3533.63, the low will be due 11/27/23.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-E-2 (Overdue) projected high 4238.90, the high is due tomorrow at the 4th hour. Thursday at the opening of the 1st hour there is the possibility of a 60-SC-2 (Overdue) projected high 4276.36, the high will be due Thursday at the 7th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 40.20. Friday at the close there is the possibility of a Daily D-SC-1 (due 5/3/24) projected low 3971.39, the low is due today. Also at the close on Friday there is the possibility of a Weekly W-E-1 (Extreme Overdue) projected low 3533.63, the low will be due 11/27/23.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 3rd hour there is the possibility of a 60-E-2 (Overdue) projected high 4238.90, the high will be due Wednesday at the 4th hour. Friday at the close there is the possibility of a Daily D-SC-1 (due 5/3/24) projected low 3971.39, the low will be due tomorrow. Also Friday at the close there is the possibility of a Weekly W-E-1 (Extremely Overdue) projected low 3533.63, the low will be due 11/27/23.
The Weekly is currently in W-E-1 (Extreme Overdue) territory, if confirmed Friday at the close the projected low will be 3533.86, the low will be due 11/27/23. However, if we get a large upside rally the W-E-1 could be delayed another week or negated. The large Daily Bull Cycles D-E-2 & D-SC-2 are both extremely overdue.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-2 (Overdue) projected high 4188.09, the high is due today at the 7th hour. Tomorrow at the close of the 3rd hour there is the possibility of a 60-E-2 (Overdue) projected high 4238.90, the high will be due Wednesday at the 4th hour.
SPX Cycles Update. The Daily remains OS. Today during the 1st hour the 60 min confirmed a 60-S-2 (due 10/30/23) projected high 4139.51 (reached), during the 1st hour the 60 min put in a high at 4163.50, then at the close of the 3rd hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4134.42, during the 3rd hour put in a low of 4135.07, then during the 4th hour the 60 min confirmed another 60-S-2 (due 11/5/23) projected high 4171.07. Today at the 5th hour there is the possibility of another 60-S-1 (due 11/4/23) projected low 4123.77, if the 60-S-1 is not confirmed, then at the close of the 6th hour there is the possibility of a 60 min 60-2 (Overdue) projected high 4188.09, the high will be due today at the 7th hour. At the close on Friday there is a good chance that the Daily will confirm a D-SC-1 (due 5/3/24) projected low 3971.39, the low will be due tomorrow (10/31/23). The Weekly is slightly in W-E-1 territory, so there is the possibility Friday at the close for a W-E-1 (Extreme Overdue) projected low 3533.63, the low will be due 11/27/23.
SPXU Bear Cycle ended. Due to the confirmation of the 60-S-2 this morning during the 1st hour, the 15th SPXU Bear Cycle this year ended at the close on Friday. The average cycles per year is 13.7, the record is 24 set last year (2022). This cycle only lasted 3 trading days, the average is 20.93 trading days. During this cycle there was zero buy signals (D-SC-2), the average is 0.19 buy signals per cycle, the last buy signal was 8/15/2022. The D-SC-2 is extremely overdue, current projected high is 4526.23. During this cycle I did not sell any SPXU. No SPXU shares will be carried forward to the next SPXU Bear Cycle that starts today.
SPX Cycles Long Range Projection Chart. Today the Weekly W-1 put in a new cycle low at 4103.78. The Weekly is still not in W-E-1 territory, but at the close of next there is a good possibility the W-E-1 (Extreme Overdue) could get confirmed, projected low 3533.63, the low will be due 11/24/23. However there are some overdue 60 min & Daily Bull Cycles that could delay or negate the W-E-1.
SPX Cycles Long Range Projection Chart. Today the Weekly W-1 put in a new cycle low at 4103.78. The Weekly is still not in W-E-1 territory, but at the close of next there is a good possibility the W-E-1 (Extreme Overdue) could get confirmed, projected low 3533.63, the low will be due 11/24/23. However there are some overdue 60 min & Daily Bull Cycles that could delay or negate the W-E-1.
SPX Cycles End of the Day Charts & Reports. The Daily is OS. Monday during the trading day there is the possibility of a 60-S-2 (due 10/30/23) projected high 4139.51. Friday at the close there is the possibility of a Weekly W-E-1 (Extreme Overdue) projected low 3533.63, the low will be due 11/24/23.
Right now the 60 min & Daily are OS.
Bought, UPRO, 100 shares at 36.70
Reasons:
60-SC-1 confirmation
60-SC-1 average duration to low exceed
Less than 50% invested
Bought, UPRO, 100 shares at 36.70
Reasons:
60-SC-1 confirmation
60-SC-1 average duration to low exceed
Less than 50% invested