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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
The 60 min, Daily & Weekly Bull cycles are lined up for a long rally.
We could see 4600 by end of November.
We should be getting a pretty good rally. All of the 60 min bull cycles will be overdue as of Monday.
It will take a big upside move for the Daily to confirm a new bull cycle.
SPX Cycles End of the Day Reports & Charts. The Daily is OS. Today at the close the 60 min confirmed a 60-SC-1 (due 11/23/23) projected low 4085.44, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-SC-1 a UPRO Buy Signal is currently active, buy price below 35.12, this is the 4th UPRO Buy Signal of this cycle, the average is 2.85 buy signals per cycle. Also due to the confirmation of the 60-SC-1 a SPXU Sell Signal is currently active, sell price above 13.83. Tomorrow at the close there is a slight possibility of a Weekly W-E-1 (Extreme Overdue) getting confirmed, projected low 3533.63, the low will be due 11/24/23.
SPX Cycles Long Range Projection Chart. Today the Weekly W-1 put in a new cycle low at 4181.42, which has exceeded the projected low of 4185.96. So now the question is, is the bottom close at hand or does the Weekly continue downward to the Weekly W-E-1 (Extremely Overdue) projected low 3533.63, the low will be due 11/24/23. However the Weekly is not yet in W-E-1 territory, it could get confirmed at the close on Friday or possibly next Friday, or maybe the Weekly low is in and the Weekly starts heading for a new Bull Cycle above the 4400 level, the Weekly W-S-2 has a current projected high of 4504.81, the W-SC-2 (Extremely Overdue) has a current projected high of 5168.51 ATH.
SPX Cycles Long Range Projection Chart. Today the Weekly W-1 put in a new cycle low at 4181.42, which has exceeded the projected low of 4185.96. So now the question is, is the bottom close at hand or does the Weekly continue downward to the Weekly W-E-1 (Extremely Overdue) projected low 3533.63, the low will be due 11/24/23. However the Weekly is not yet in W-E-1 territory, it could get confirmed at the close on Friday or possibly next Friday, or maybe the Weekly low is in and the Weekly starts heading for a new Bull Cycle above the 4400 level, the Weekly W-S-2 has a current projected high of 4504.81, the W-SC-2 (Extremely Overdue) has a current projected high of 5168.51 ATH.
SPX Cycles End of the Day Reports & Charts. The 60 min is OS. Tomorrow at the close there is the possibility of a 60 min 60-SC-1 (due 11/15/23) projected low 4085.44, the low will be due Thursday at the 3rd hour. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, price below 35.18, this will be the 4th UPRO buy signal of this cycle. Also if the 60-SC-1 is confirmed a SPXU Sell Signal will become active, sell price above 13.78.
Bought UPRO 100 shares at 38.03, this is due to the confirmation of the 60-E-1.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-E-1 (due 10/27/23) projected low 4139.89, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-E-1 a UPRO Buy Signal is currently active, buy price below 36.61. This is the 3rd buy signal of this UPRO Cycle, the average is 2.85 buy signals per cycle, we are now in the 10th day of this UPRO Cycle, the average is 17.54 trading days. The last 2 cycles were over the average, so we could be due for a short UPRO Cycle.
Did you notice that my Weekly W-1 projected low of 4185.96 was reached today? Hopefully we are bottoming out, otherwise could be a larger drop coming to 3533.63 by Thanksgiving.
As of right now a new Weekly bull cycle starts at 4397.01, and a new Daily Bull Cycle starts at 4304.90
However, these starting points will go up as the SPX moves up.
So if you wait for the bull cycles to start, you will likely miss a lot of the upside move.
We will either go more down in a Weekly W-E-1 (Extremely Overdue) projected low 3533.63 or go up to the Weekly W-SC-2 (Extremely Overdue) projected high 5178.15 ATH
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (due 10/26/23) projected low 4202.07 (reached) the low is due today at the 3rd hour. Today at the close of the 6th hour there is the possibility of a 60-E-1 (due 10/27/23) projected low 4139.89, the low will be due tomorrow at the 3rd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 36.64, this will be the 3rd UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.85 buy signals per cycle.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-E-1 (due 11/30/23) projected low 4053.51, the low is due Monday. Tomorrow at the close of the 1st hour there is the possibility of a 60-S-1 (due 10/29/23) projected low 4223.39, the low will be due tomorrow at the 1st hour, or at the close of the 2nd hour there is the possibility of a 60-2 (due 10/29/23) projected high 4273.53, the high will be due tomorrow at the 3rd hour.
SPX Cycles Update. Today during the 7th hour the 60 min confirmed a 60-S-2 (due 10/30/23) projected high 4256.16, the high is due today at the 7th hour. Today at the close there is the possibility of a Daily D-E-1 (due 12/1/23) projected low 4052.85, the low will be due Monday. Tomorrow at the close of the 2nd hour there is the possibility of a 60-2 (due 10/29/23) projected high 4273.54, the high will be due tomorrow at the 3rd hour.
SPXU Bear Cycle ended today. Due to the confirmation of the 60-S-2 the 14th SPXU Bear Cycle this year has ended today, the average per year is 13. This cycle lasted 14 trading days, the average cycle lasts 21.06 trading days. During this cycle there was no buy signals (D-SC-2), the average cycle has 0.197 buy signals. The D-SC-2 is extremely overdue with a current projected high of 4620.46. No shares of SPXU or SPXS are being carried forward to the next cycle that starts tomorrow.
SPX Cycles Update. Today during the 2nd hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4225.69 (reached), during the 2nd hour put in a high of 4259.38. Due to the confirmation of the 60-S-2, the SPXU Bear Cycle ended today, a new SPXU Bear Cycle will begin tomorrow. Today at the close of the 4th hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4229.63 (reached). Today at the close of the 6th hour there is the possibility of a 60-1 (due 10/26/23) projected low 4208.28, the low will be due today at the 6th hour. Today at the close there is the possibility of a Daily D-E-1 (due 12/01/23) projected low 4052.85, the low will be due Monday.
SPX Cycles Long Range Projection Chart. Today the Weekly Bear Cycle W-1 put in a new cycle low at 4189.22, the projected low is 4185.96. If the Weekly Bear Cycle continues next week there is the possibility of a Weekly W-E-1 (Extreme Overdue) getting confirmed at the close of next week, projected low 3533.63, the low will be due 11/24/23. Right now the only cycle that can stop the W-E-1 is the Daily D-E-2 (Extreme Overdue) projected high 4512.11. It will need to begin this week.
SPX Cycles Long Range Projection Chart. Today the Weekly Bear Cycle W-1 put in a new cycle low at 4189.22, the projected low is 4185.96. If the Weekly Bear Cycle continues next week there is the possibility of a Weekly W-E-1 (Extreme Overdue) getting confirmed at the close of next week, projected low 3533.63, the low will be due 11/24/23. Right now the only cycle that can stop the W-E-1 is the Daily D-E-2 (Extreme Overdue) projected high 4512.11. It will need to begin this week.
Bought UPRO 100 shares at 39.91. This is due to the confirmation of the 60-SC-1
SPX Cycles Update. Today at the close of the 5th hour the 60 min confirmed a 60-SC-1 (due 10/28/23) projected low 4220.38, the low is due tomorrow at the 1st hour. Due to the confirmation of the 60-SC-1 a UPRO Buy Signal (2nd buy signal this cycle) is currently active, buy price below 38.85. Also a SPXU Sell Signal is currently active, sell price above 12.53.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-S-1 (due 10/24/23) (1 bear point) projected low 4281.19, the low was due today. Tomorrow at the close of the 5th hour there is the possibility of a 60 min 60-SC-1 (due 10/28/23) (7 bear points) projected low 4220.38, the low will be due Friday at the 1st hour. If the 60-SC-1 is confirmed a UPRO Buy Signal (2nd buy signal this cycle) will become active, buy price below 38.90. Also a SPXU Sell Signal will become active, sell price above 12.51.
Bought UPRO 100 shares at 41.31. This is due to the confirmation of the 60-E-1.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-E-1 (Extreme Overdue) (7 bear points) projected low 4276.62, the low is due tomorrow at the 1st hour. Due to the confirmation of the 60-E-1, a UPRO Buy Signal (1st buy signal of this cycle) is currently active, buy price below 40.47. Today at the close there is the possibility of a Daily D-S-1 (due 10/24/23) (1 bear point) projected low 4281.19, the low will be due today. Tomorrow at the close of the 5th hour there is the possibility of a 60-SC-1 (due 10/28/23) (7 bear points) projected low 4220.38, the low will be due Friday at the 1st hour.. 60 min -3 (bearish), Daily +12 (bullish).
SPX Cycles End of the Day Reports & Charts. Tomorrow during the 1st hour there is the possibility of a 60-S-2 (due 10/19/23) projected high 4393.53, or at the close of the 1st hour there is the possibility of a 60-1 (due 10/26/23) 4340.86, the low will be due at the 1st hour. With the current positioning of the 60 min indicators, tomorrow the 60 min could confirm a 60-E-1 (Extreme Overdue) projected low 4276.62 or a 60-E-2 (due 10/24/23) projected high 4464.97. With the Daily D-E-2 & D-SC-2 extremely overdue, the 60-E-2 maybe the most likely. We shall see.
It's been an up & down day. I think going into the end of the month we could see a large upside move.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-S-1 (due 10/22/23) projected low 4362.88 (reached). Today during the 7th hour there is the possibility of a 60-S-2 (due 10/19/23) projected high 4393.53, the high will be due today at the 7th hour. If the 60-S-2 doesn't get confirmed. Tomorrow at the close of the 1st hour there is the possibility of a 60-1 (due 10/26/23) projected low 4340.86, the low will be due tomorrow at the 1st hour.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (due 10/17/23) projected low 4352.71 (reached), during the 1st hour put in a low at 4337.54, then at the close of the 4th hour the 60 min confirmed a 60-2 (due 10/23/23) projected high 4393.16 (reached), the high is due at the 5th hour. Today at the close of the 6th hour there is the possibility of a 60-S-1 (due 10/22/23) projected low 4362.88, the low will be due today at the 6th hour. If the 60-S-1 is not confirmed, there will be the possibility of a 60 min 60-E-2 (due 10/24/23) tomorrow at the close of the 1st hour, projected high 4446.45, the high will be due Thursday at the 2nd hour. If the 60-E-2 is confirmed, there will be a good chance of confirming a Daily D-E-2 (Extreme Overdue) & Weekly W-S-2 (due 5/1/24) on Thursday.
Looks like today we may get the 60-E-1 confirmed at the close of the 6th hour, projected low 4266.65.
Possible UPRO buy signal, buy price below 40.21