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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
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-E-2 (Overdue) projected high 4420.24, the high is due Wednesday at the 1st hour. Tomorrow at the close of the 1st hour (depending on futures) there is the possibility of a 60-S-1 (due 10/17/23) projected low 4352.71, the low will be due the 1st hour. If the 60-S-1 fails to get confirmed before Wednesday at the opening of the 5th hour, the 60 min will confirm a 60-SC-2 (due 10/30/23) projected high 4459.30, the high will be due Thursday at the 4th hour. If the 60-E-2 continues tomorrow, there is the possibility of a Weekly W-S-2 (due 5/1/24) projected high 4542.55, the high will be due 10/27/23.
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-2 (due 10/23/23) projected high 4367.26 (reached). Today at the close there is the possibility of a 60 min 60-E-2 (Overdue) projected high 4420.24, the high will be due Wednesday at the 1st hour. If the 60-E-2 is confirmed, there is the possibility of a Daily D-E-2 (Extreme Overdue) and a Weekly W-S-2 (due 5/1/24) getting confirmed by Wednesday. Keep in mind that the Daily D-SC-2 (4650.50) and the Weekly W-SC-2 (5211.81 ATH) are both extremely overdue. It's been 27 Daily cycles since a D-SC-2 has been confirmed, the average is 10 cycles & the record is 28 cycles. It's been 9 Weekly cycles since a W-SC-2 has been confirmed, the average is 5 cycles and the record is 11 cycles.
SPX Cycles End of the Day Reports & Charts. Monday at the close of the 1st hour there is the possibility of a 60 min 60-E-1 (Extreme Overdue) projected low 4260.59, the low will be due at the 5th hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 40.13. Monday at the close there is the possibility of a Daily D-S-1 (due 10/22/23) projected low 4273.67, the low will be due Monday. Next week during the trading week, there is the possibility of a Weekly W-S-2 (due 5/1/24) getting confirmed, projected high 4542.55, the high will be due 10/27/23.
I agree.
It really doesn't matter to me.
If the 60-E-1 gets confirmed on Monday, I will probably add a UPRO position.
Reason being is the Weekly is not in W-E-1 territory, so at this point I believe the likely path is for a new Weekly Bull Cycle.
Now if the Weekly does enter W-E-1 territory, I will skip the buy signals until the W-E-1 gets close to the average duration to the low.
Right now we are in a Weekly W-1 (Extreme Overdue) projected low is 4185.96, we are currently in the 4th week of the W-1, the average duration of the W-1 is 4 weeks. So from here the Weekly either confirms a new Bull Cycle (W-S-2) or continues downward to a W-E-1.
A Weekly W-E-1 (Extreme Overdue) could be confirmed as early as 10/20/23 with a projected low of 3533.63, the low will be due 11/24/23.
It's very doubtful that the W-E-1 will get confirmed next week, because the Weekly MACD (12,26,9) is well above the zero line.
Right now the Weekly price is at the lower trend line (LTL) above the LTL usually indicates it is headed towards the upper trend line (UTL) which if hit will confirm a new Bull Cycle.
With the Daily D-E-2 & D-SC-2 both extremely overdue, I doubt the Weekly W-E-1 gets confirmed during this Weekly Cycle.
SPX Cycles Update. Today at the close of the 5th hour the 60 min confirmed a 60-1 (Extreme Overdue) projected low 4324.58 (reached). Monday at the close of the 2nd hour there is the possibility of a 60-E-1 (Extreme Overdue) projected low 4260.59, the low will be due Monday at the 5th hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 40.09. This will be the 1st UPRO Buy Signal of this UPRO Bull Cycle.
SPX Cycles Update. Today during the 1st hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4363.09 (reached). Today at the close of the 3rd hour the 60 min confirmed a 60-S-1 (due 10/17/23) projected low 4346.53 (reached). Today at the close of the 5th hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4324.58 (reached) the low will be due today at the 5th hour.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-S-1 (due 10/16/23) projected low 4355.21 (reached). Tomorrow at the close of the 1st hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4333.23 (reached) the low will be due tomorrow at the 1st hour.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-2 (due 11/10/23) projected high 4370.11 (reached), the high was due today. Tomorrow at the close of the 1st hour there is the possibility of a 60 min 60-2 (Overdue) projected high 4401.06, the high will be due tomorrow at the 2nd hour. To get the Daily D-E-2 (Extreme Overdue) confirmed at the close on Friday, the SPX will have to have 2 very large upside days, the Weekly will have to confirm a Bull Cycle at the close on Friday. If the Daily D-E-2 is confirmed at the close on Friday, the projected high will be 4541.44, the high will be due 10/31/23. If the Weekly W-S-2 (due 5/1/24) is confirmed at the close on Friday the projected high will be 4542.55, the high will be due 10/20/23. For the Weekly W-S-2 to get confirmed the SPX has to get above 4435-4440.
SPX Cycles Update. Today during the 6th hour the 60 min confirmed a 60-S-2 (due 10/11/23) projected high 4383.17, the high is due today at the 6th hour. Today at the close there is the possibility of a Daily D-2 (due 11/10/23) projected high 4370.11 (reached), the high is due today. Tomorrow at the close of the 1st hour there is the possibility of a 60 min 60-2 (Overdue) projected high 4401.06, the high will be due today.
Right now we have a head wind as the 60 min level is currently bearish by 9 points, however the Daily is bullish by 11 points.
If the Weekly Bear Cycle ends as a W-1, the weekly level could be bullish by 1 point.
So we could have some up & down at the 60 min level, we need the 60-1 & 60-E-1 to get confirmed to possibly put the 60 min level in the green.
I don't see much on the downside here.
If we get a new Weekly Bull Cycle, based on the current weekly indicators the Weekly could easily go into an extended Bull Cycle, which could take the SPX up to the 5000 level.
The low for the month is likely in at 4216.45 put in on 10/3/23. This is probably the Weekly Bear Cycle low.
The 60 min 60-1 is extremely overdue projected low 4332.84
The 60 min 60-E-1 is overdue projected low 4268.73
The Daily D-1 is extremely overdue projected low 4256.29
The D-1 could get confirmed at the 4260 level
However, if the Weekly is currently headed for a new bull cycle, then we will likely only hit the 60-1 projected low.
UPRO Bull Cycle ends. Due to the confirmation of the 60-S-1, the 12th UPRO Bull Cycle of this year ended, the average is 14.6 cycles per year. This cycles lasted 27 trading days, the average is 17.64 trading days. During this cycle there was 8 buy signals, the average is 2.85 buy signals per cycle. During this cycle I added 600 UPRO shares, average price 44.08. During this cycle I sold 300 UPRO shares at 43.36. I will carry 1300 shares of UPRO & 100 shares of SPXL forward to the next cycle that starts tomorrow.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-S-1 (due 10/11/23) projected low 4354.83 (reached) the low is due today at the 4th hour. Today during the 5th or 6th hour there is the possibility of a 60-S-2 (due 10/11/23) projected high 4387.04, the high will be due today at the 5th or 6th hour, or at the close of the 6th hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4332.84, the low will be due today at the 6th hour. Today at the close there is the possibility of a Daily D-2 (due 11/10/23) projected high 4370.11 (reached), the high will be due today.
That will never happen.
SPX Cycles End of the Day Reports & Charts. 60 min remains OB. Tomorrow the 60 min can either continue in 60-SC-2 or a 60-S-1 (due 10/11/23) can be confirmed, current projected low is 4354.83. If the 60-S-1 is confirmed the UPRO Bull Cycle will end. Tomorrow at the close there is the possibility of a Daily D-2 (due 11/10/23) projected high 4370.11 (reached), the high will be due tomorrow. Keep in mind that the Daily D-E-2 (4541.44) & the D-SC-2 (4650.50) are both extremely overdue.
SPX Cycles Update. Today at the opening of the 6th hour the 60 min confirmed a 60-SC-2 (Extreme Overdue) projected high 4368.28 (reached), the high is due tomorrow at the 5th hour. Due to the confirmation of the 60-SC-2, a UPRO Sell Signal has become active, price above 42.88). Today at the close there is the possibility of a Daily D-2 (due 11/10/23) projected high 4370.11, the high will be due tomorrow.
SOLD UPRO 300 shares at 43.36, this is due to the confirmation of the 60-SC-2.
Right now the Weekly UTL is at 4430.67, but as the SPX goes up the Weekly UTL will also go up a bit.
So I would say between 4435 to 4440.
SPX Cycles Long Range Projection Chart. The Monthly M-S-1 has been negated. The Monthly M-2 will continue for another month, the projected high is 5580.16, the high is due 11/30/23. There is the possibility of a new Weekly Bull Cycle (W-S-2) this week. If the W-S-2 (due 5/1/24) is confirmed this week, the projected high will be 4542.55, the high will be due 10/20/23.
SPX Cycles Long Range Projection Chart. The Monthly M-S-1 has been negated. The Monthly M-2 will continue for another month, the projected high is 5580.16, the high is due 11/30/23. There is the possibility of a new Weekly Bull Cycle (W-S-2) this week. If the W-S-2 (due 5/1/24) is confirmed this week, the projected high will be 4542.55, the high will be due 10/20/23.
If the Weekly is headed for a new Bull Cycle, the 60 min will get quite OB and the Daily will likely go into OB.
The 60 min 60-SC-2 will likely exceeded it's projection.
SPX Cycles End of the Day Reports & Charts. The 60 min is OB. Tomorrow at the opening of the 6th hour there is the possibility of a 60-SC-2 (Extreme Overdue) projected high 4368.28, the high will be due Wednesday at the 5th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 43.33. If the 60-SC-2 is confirmed I will be selling all my UPRO positions in the green. This is because the Weekly is currently in a Bear Cycle. Tomorrow at the close there is the possibility of a Daily D-2 (due 11/10/23) projected high 4370.11, the high will be due Thursday. Keep in mind that the Daily D-E-2 (4541.44) & D-SC-2 (4650.50) are both extremely overdue. The Weekly today closed above it's LTL, so there is the possibility of a new Weekly Bull Cycle, W-S-2 (due 5/1/24) projected high 4542.55, by Friday.
SPX Cycles Update. Today at the close of the 2nd hour the 60 min confirmed a 60-E-2 (Extreme Overdue) projected high 4330.02, the high is due tomorrow at the 3rd hour. Today at the close there is the possibility of a Daily D-S-1 (due 10/22/23) projected low 4213.50, the low will be due today. Tomorrow at the opening of the 6th hour there is the possibility of a 60 min 60-SC-2 (Overdue) projected high 4368.28, the high will be due Wednesday at the 5th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 43.53. If the Daily D-S-1 doesn't get confirmed today, tomorrow at the close there is the possibility of a Daily D-2 (due 11/10/23) projected high 4370.11, the high will be due Wednesday.
SPX Cycles Long Range Projection Chart. Today at the close the Weekly confirmed a W-1 (Extreme Overdue) projected low 4185.96, the low was due this week, so hopefully the low is in at 4216.45, if not then the Weekly will continue down to possibly a Weekly W-E-1 (Extreme Overdue) with a projected low of 3533.63, the earliest the W-E-1 can be confirmed is at the close on 10/20/23, so the SPX will have to basically crash in the next couple weeks to get into W-E-1 territory. I'm hoping the low is in and the Weekly heads north for a new Weekly Bull Cycle (W-S-2) projected high 4542.55, for the W-S-2 to get confirmed the Weekly has to hit the Weekly UTL (currently at 4439.71). The Monthly is currently in an UNCONFIRMED M-S-1 (due 11/23/25) projected low 4030.62, for the M-S-1 to get confirmed the SPX has to remain below the Monthly UTL (currently at 4367.13, until the close of the month (10/31/23). Right now there are 60 min, Daily & Weekly Bull Cycles that can get the Monthly above it's UTL.
SPX Cycles Long Range Projection Chart. Today at the close the Weekly confirmed a W-1 (Extreme Overdue) projected low 4185.96, the low was due this week, so hopefully the low is in at 4216.45, if not then the Weekly will continue down to possibly a Weekly W-E-1 (Extreme Overdue) with a projected low of 3533.63, the earliest the W-E-1 can be confirmed is at the close on 10/20/23, so the SPX will have to basically crash in the next couple weeks to get into W-E-1 territory. I'm hoping the low is in and the Weekly heads north for a new Weekly Bull Cycle (W-S-2) projected high 4542.55, for the W-S-2 to get confirmed the Weekly has to hit the Weekly UTL (currently at 4439.71). The Monthly is currently in an UNCONFIRMED M-S-1 (due 11/23/25) projected low 4030.62, for the M-S-1 to get confirmed the SPX has to remain below the Monthly UTL (currently at 4367.13, until the close of the month (10/31/23). Right now there are 60 min, Daily & Weekly Bull Cycles that can get the Monthly above it's UTL.
SPX Cycles End of the Day Reports & Charts. The 60 min is OB. Today at the close the Weekly confirmed a W-1 (Extreme Overdue) projected low 4185.96, the low was due this week. Monday at the close of the 2nd hour there is the possibility of a 60-E-2 (Extreme Overdue) projected high 4330.02, the high will be due Tuesday at the 3rd hour. Monday at the close there is the possibility of a Daily D-S-1 (due 10/22/23) projected low 4213.50, the low will be due Monday.
SPX Cycles Update. Today during the 6th hour the Daily confirmed a D-S-2 (due 11/2/23) projected high 4360.68, the high is due today. Today at the close there is the possibility of a Weekly W-1 (Extremely Overdue) projected low 4185.96, the low will be due this week. Monday at the close of the 2nd hour there is the possibility of a 60 min 60-E-2 (Extreme Overdue) projected high 4330.02, the high will be due Tuesday at the 3rd hour. Monday at the close there is the possibility of a Daily D-S-1 (due 10/22/23) projected low 4213.50, the low will be due Monday.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-2 (due 10/10/23) projected high 4278.17, the high is due today at the 5th hour. Today during the trading day there is the possibility of a Daily D-S-2 (due 11/3/23) projected high 4360.68, the high will be due today, keep in mind that the Daily D-E-2 (4541.44) and the D-SC-2 (4650.50) are both extremely overdue. Today at the close there is the possibility of a Weekly W-1 (Extremely Overdue) projected low 4185.96, the low will be due this week. Monday at the close of the 2nd hour there is the possibility of a 60 min 60-E-2 (Extreme Overdue) projected high 4330.02, the high will be due Tuesday at the 3rd hour.
Hi GDL, thanks for the feedback.
It looks like the wind could be at our back for a bit. The 60 min & Daily level are quite bullish right now. Also we could be in the beginning of the makings of a long Weekly Bull Cycle (W-SC-2). We should get the W-1 confirmed at the close today, hopefully 4216.45 holds as the Weekly Bear Cycle low.
The Weekly Bear Cycle W-E-1 is extremely overdue with a projected low of 3533.63, but I believe the Weekly MACD (12,26,9) is to high above the zero line for it to get confirmed during this Bear Cycle. It's been 4 Weekly Cycles since the last W-E-1 was confirmed, the average is 3 cycles & the record is 16, so we could actually go a few more Weekly cycles before a W-E-1 is confirmed.
On the other hand it's been 9 Weekly cycles since the last W-SC-2 has been confirmed, the average is 5 and the record is 11. So I would say the W-SC-2 will come before the W-E-1. The W-SC-2 has a current projected high of 5211.81, it takes 24 weeks for a W-SC-2 to get confirmed, and the high is normally put in by the 28th week, so at the end of the year we could be in the 11th week of a W-SC-2.
To get to the W-SC-2, we will have to go thru the W-S-2 (4542.55), possibly next week, then the W-2 (4671.90) possibly 10/27/23, then the W-E-2 due 12/29/23 (5131.10 ATH) possibly 12/1/23 putting in a new ALL TIME HIGH around the end of the year and continuing into the New Year, with the W-SC-2 high due around 4/19/24.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (due 10/10/23) projected low 4237.32 (reached), put in a low during the 1st hour at 4223.96, then during the 2nd hour the 60 min confirmed a 60-S-2 (due 10/11/23) projected high 4260.73 (reached). Today at the close of the 4th hour there is the possibility of a 60-2 (due 10/10/23) projected high 4278.12 (reached), the high will be due today at the 5th hour. Today during the trading day there is the possibility of a Daily D-S-2 (due 11/3/23), projected high 4360.68, the high will be due today, keep in mind that the Daily D-E-2 (4541.44) and the D-SC-2 (4650.50) are both extremely overdue. Today at the close there is the possibility of a Weekly W-1 (Extreme Overdue) projected low 4185.96, the low will be due this week. Monday at the close of the 2nd hour there is the possibility of a 60 min 60-E-2 (Extreme Overdue) projected high 4330.02, the high will be due Tuesday at the 3rd hour.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour there is the possibility of a 60-2 (due 10/10/23) projected high 4280.10, the high will be due tomorrow at the 1st hour. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (due 11/3/23) projected high 4360.68, the high will be due tomorrow. Tomorrow at the close there is the possibility of a Weekly W-1 (Extreme Overdue) projected low 4185.96, the low is due this week.
SPX Cycles Update. Today during the 5th hour the 60 min confirmed a 60-S-2 (due 10/10/23) projected high 4262.70 (reached). Today at the close there is the possibility of a 60-2 (due 10/10/23) projected high 4280.10, the high will be due tomorrow at the 2nd hour. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (due 11/3/23) projected high 4360.68, the high will be due tomorrow. Tomorrow at the close there is the possibility of a Weekly W-1 (Extreme Overdue) projected low 4185.96, the low will be due this week.
The Daily Bear Super Cycle (D-SC-1) has now exceeded it's average duration, so the Daily could be headed for a new Bull Cycle any day now. As of today it will have to get to 4321.14 to confirm a D-S-2.
Tomorrow at the close the Weekly will likely confirm the extreme overdue W-1, the low is due this week. The average duration of the W-1 is 4 weeks, it is currently in the 3rd week. So next week the Weekly could start the upward move to a new Bull Cycle. As of today it will have to get to 4435.79 to confirm a W-S-2.
Bottom line we could be seeing 100+ to the upside in a single day.
Keep in mind that the Daily large bull cycles D-E-2 (4541.44) & D-SC-2 (4650.50) are both extremely overdue. Also the Weekly W-SC-2 (5211.81) is extremely overdue.
SPX Cycles Update. Today at the close of the 2nd hour the 60 min confirmed a 60-S-1 (due 10/9/23) projected low 4238.68 (reached). Today at the close of the 5th hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4217.29. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (due 11/3/23) projected high 4360.68, the high will be due tomorrow. Keep in mind that the Daily D-E-2 (4541.44) and D-SC-2 (4650.50) are both extremely overdue. Tomorrow at the close there is the possibility of a Weekly W-1 (Extreme Overdue) projected low 4185.96, the low will be due this week.