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SPX Cycles End of the Day Reports & Charts. Today during the 7th hour the 60 min confirmed a 60-S-2 (due 8/27/23) projected high 4421.77, the high is due today at the 7th hour. Tomorrow at the close of the 1st hour there is the possibility of a 60-S-1 (due 8/27/23) projected low 4370.21, the low will be due tomorrow at the 1st hour.
SPX Cycles Long Range Projection Chart. Today the Weekly opened in Bear territory (W-S-1), for the W-S-1 to get confirmed the SPX must remain below the weekly UTL (currently at 4462.52), until the close on Friday. If the W-S-1 (due 9/6/23) is confirmed, the projected low will be 4349.85, the low will be due this week (the low could already be in). If the W-S-1 is confirmed the Weekly Bull Cycle projections will be reset, which will result in a lot higher projections. However, today the Daily D-SC-1 exceeded it's average duration, so a new Daily Bull Cycle, D-S-2 (Extreme Overdue) could be confirmed any day now with a projected high of 4480.93, if the D-S-2 is confirmed this week, the Weekly W-S-1 will then likely be negated. So I hope the SPX remains below 4462.52 this week, then next week blast off!
SPX Cycles Long Range Projection Chart. Today the Weekly opened in Bear territory (W-S-1), for the W-S-1 to get confirmed the SPX must remain below the weekly UTL (currently at 4462.52), until the close on Friday. If the W-S-1 (due 9/6/23) is confirmed, the projected low will be 4349.85, the low will be due this week (the low could already be in). If the W-S-1 is confirmed the Weekly Bull Cycle projections will be reset, which will result in a lot higher projections. However, today the Daily D-SC-1 exceeded it's average duration, so a new Daily Bull Cycle, D-S-2 (Extreme Overdue) could be confirmed any day now with a projected high of 4480.93, if the D-S-2 is confirmed this week, the Weekly W-S-1 will then likely be negated. So I hope the SPX remains below 4462.52 this week, then next week blast off!
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-2 (due 8/26/23) projected high 4416.21, the high is due tomorrow at the 1st hour. Tomorrow at the close of the 4th hour there is the possibility of a 60-E-2 (Extreme Overdue) projected high 4469.78, the high will be due Wednesday at the 5th hour. Today at the close the Daily D-SC-1 exceeded it's average duration, so a Daily D-S-2 (Extreme Overdue) could be confirmed any day now, the projected high is 4480.93, the Daily UTL is currently at 4460. If the Daily D-S-2 gets confirmed this week, the Weekly W-S-1 will likely be negated and the Weekly W-E-2 will then continue in it's 22nd week with a projected high of 4635.09. So hopefully the SPX remains below 4462.52 this week so the W-S-1 can get confirmed. If the W-S-1 is confirmed the Weekly Bull Cycle projections will be reset, which will result in a lot higher projections. The 60 min & Daily level remains very Bullish at +32.
SPXU Bear Cycle ends. Due to the confirmation of the 60-S-2, the SPXU Bear Cycle ended at the close on 8/18/21.
This was the 9th cycle this year, the average is 12.17 cycles per year.
This cycle lasted 11 trading days, the average cycle lasts 21.59 trading days.
This cycle had zero buy signals (D-SC-2). The average is 0.21 buy signals per cycle. The D-SC-2 is extremely overdue with a current projected high of 4795.63.
I didn't buy or sell any SPXU during this cycle. Zero shares of SPXU will be carried forward to the next cycle.
A new SPXU Bear Cycle starts today.
Today during 1st hour a 60 min 60-S-2 (overdue) confirm projected high 4373.05 (reached)
Today at the close of the 3rd hour a 60 min 60-S-1 (Overdue) projected low 4364.90 (reached)
Today at the close of the 5th hour there is the possibility of a 60-1 (Overdue) projected low 4342.86, the low will be due today at the 5th hour.
The Weekly has opened the week in Bear territory (W-S-1 due 9/6/23) so there is the possibility of a W-S-1 getting confirmed at the close on Friday with a projected low of 4349.85, the low will be due this week.
For the Weekly W-E-2 to continue, the SPX must hit the Weekly UTL (currently at 4460.52) before the close on Friday, if that happens the W-S-1 will be negated and the W-E-2 will continue in it's 22nd week with a projected high of 4635.09.
SPX Cycles Long Range Projection Chart. Once again the Weekly closed the week in bear territory. For the Weekly Bear Cycle (W-S-1) to be confirmed, the Weekly must remain below the Weekly UTL (currently at 4473.51) until the close on Friday (8/25/23). If the W-S-1 is confirmed the projected low will be 4349.85, the low will be due Friday. If the W-S-1 gets confirmed, the Weekly Bull Cycle projections will be reset, this means the Weekly Bull Cycles could go much higher. With the Daily D-SC-1 getting confirmed today at the close. The SPX Daily level is currently bullish by +12 and the 60 min level is bullish by +18.
The last time the SPX had this set up was back in Sept 2020, the Weekly was in a W-E-2 (as it is now), the Daily confirmed a D-SC-1 followed by the Weekly W-S-1 that only lasted a week, then the Weekly confirmed a new bull cycle (W-SC-2) that lasted 53 weeks. The Weekly W-SC-2 is currently extremely overdue.
Bottom line: September could be a very explosive month to the upside with a new Daily & Weekly Bull Cycle.
SPX Cycles Long Range Projection Chart. Once again the Weekly closed the week in bear territory. For the Weekly Bear Cycle (W-S-1) to be confirmed, the Weekly must remain below the Weekly UTL (currently at 4473.51) until the close on Friday (8/25/23). If the W-S-1 is confirmed the projected low will be 4349.85, the low will be due Friday. If the W-S-1 gets confirmed, the Weekly Bull Cycle projections will be reset, this means the Weekly Bull Cycles could go much higher. With the Daily D-SC-1 getting confirmed today at the close. The SPX Daily level is currently bullish by +12 and the 60 min level is bullish by +18.
The last time the SPX had this set up was back in Sept 2020, the Weekly was in a W-E-2 (as it is now), the Daily confirmed a D-SC-1 followed by the Weekly W-S-1 that only lasted a week, then the Weekly confirmed a new bull cycle (W-SC-2) that lasted 53 weeks. The Weekly W-SC-2 is currently extremely overdue.
Bottom line: September could be a very explosive month to the upside with a new Daily & Weekly Bull Cycle.
SPX Cycles End of the Day Reports & Charts. The Weekly closed in Bear territory. Today at the close the large Daily D-SC-1 (Extreme Overdue) was confirmed, projected low 4164.38, the low was due 8/15/23. Next week at the close on 8/25/23 there is the possibility of a Weekly W-S-1 (due 9/6/23) projected low 4349.85. With the confirmation of the D-SC-1, the Daily Level is now Bullish by +12 and the 60 min level is Bullish by +18. There is the possibility that the W-S-1 could be negated, hopefully the SPX will remain below 4473 next week. If the W-S-1 gets confirmed the Weekly Bull Cycle projections will be reset, which means the Weekly Bull Cycles could go a lot higher. With the 60 min & Daily levels Bullish, I don't see much downside at this point.
The last time we had a Daily D-SC-1 when the Weekly was in a W-E-2 was back in Sept 2020
The Weekly went from a W-E-2 to a W-S-1 (lasted one week), then went into a Weekly W-SC-2 that lasted 53 weeks and gained 1336 points to a high of 4545.85 which was an all time high.
That D-SC-1 lasted 15 trading days and declined 378.66 points.
The current D-SC-1 is now in it's 12th trading day and has declined 242.24.
So now we see if the Weekly confirms a new bear cycle next week (which I would like) or we could already be in the Weekly W-SC-2 (Extreme Overdue) projected high 4708.00. If we confirm a W-S-1 next week, then the Weekly Bull Cycle projections will reset, if that happens the W-SC-2 projected high will be a lot higher.
End of the Day Reports & Charts. The 60 min is OS. The Weekly Bull Cycle is in jeopardy. Tomorrow at the close I expect the Daily D-SC-1 (Extreme Overdue) to get confirmed, projected low 4164.38, the low was due 8/15/23. Tomorrow there is the possibility of a 60-S-2 (Overdue) sometime during the trading day, projected high 4402.83.
Bought UPRO 100 shares at 45.50
This is from the 60-SC-1 buy signal
The 60-SC-1 has exceeded it's average duration to the low
The 60-S-2 (Overdue) is due Friday morning, maybe it comes in early, a 60-2 would be alright, but I don't want the 60-E-2 until Monday.
So hopefully it will go like this 60-S-2 (Overdue) (Thursday afternoon), then 60-S-1 (Overdue) (Friday morning), then 60-E-2 (Extreme Overdue) (Monday afternoon), D-S-2 (Extreme Overdue) (Monday afternoon), then 60-SC-2 (Extreme Overdue) (Wednesday Afternoon), D-2 (Overdue) (Wednesday close), 60-S-1 (8/28/23 morning), then 60-1 (Overdue) (8/28/23 morning), then 60-S-2 (8/28/23 afternoon), then D-E-2 (due 9/6/23) (8/28/23 close projected high 4744.57, high due 9/14/23), then D-SC-2 (Extreme Overdue) (Open on 9/19/23, projected high 4871.12, high due 9/28/23, ATH) .
I'm hoping it don't start till Friday afternoon. I want that Daily D-SC-1 confirmed.
You mean 4607 high
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-SC-1 (due 9/1/23) projected low 4313.32, 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 42.53. This is the 5th UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.74 buy signals per cycle. Today at the close the Daily confirmed a D-E-1 (Extreme Overdue) projected low 4251.05, the low was due 8/14/23. Friday at the close there is the possibility of a Daily D-SC-1 (Extreme Overdue) projected low 4164.38, the low was due 8/15/23. As of the close today the 60 min level is Bullish with +18 points, the Daily remains Bearish with -10 points. The Daily D-SC-1 is worth -22 Bear points. So if the D-SC-1 is confirmed at the close on Friday the Daily could be Bullish by +12 points. There are current 2 overdue cycles at the 60 min/Daily level (60-S-2 & D-2), on the bear side there is one (60-S-1). On the Bull side at the 60 min/Daily level there are 4 extreme overdue cycles (60-E-2, 60-SC-2, D-S-2, & D-SC-2), 3 of them are large cycles. On the Bear side there are only 2 extreme overdue cycles (D-1 & D-SC-1) the D-SC-1 could get confirmed and end on Friday at the close. The D-SC-2 has a current projected high of 4871.12 (ATH).
Bought UPRO, 100 shares at 46.24
used 60-E-1 buy signal
60-E-1 average duration to low has been exceeded
Daily bear cycle could be at a bottom
Bought UPRO, 100 shares at 46.24
used 60-E-1 buy signal
60-E-1 average duration to low has been exceeded
Daily bear cycle could be at a bottom
EMA 3 now at 4425.65
Hopefully it doesn't go above the Daily LTL (4462.83) today. I want the D-SC-1 confirmed Friday, that will be a biggy, so the Daily needs to stay below 4501.64.
I am looking to add a UPRO position today. If SPX goes above the 60 min EMA 3 (currently at 4433.80) I will buy the 60-E-1 buy signal. Then if it continues down tomorrow, I will buy the 60-SC-1 buy signal.
The Daily is now in D-E-1 (Extreme Overdue) territory, if it is confirmed today at the close the projected low will be 4251.05, it is unlikely it reaches that level, the D-E-1 low was due 8/14/23 (Monday). There is the possibility of the Daily D-SC-1 (Extreme Overdue) getting confirmed Friday at the close, projected low will be 4164.38, however the low was due yesterday, so I doubt the projected low will be reached. But if these 2 cycles get confirmed, it will eliminated 32 Daily Bear points, putting the Daily level bullish at +13, the 60 min level is currently bullish at +13, if the 60 min 60-SC-1 gets confirmed today it will go to +18. The bottom could be in place today and the D-SC-1 could get confirmed on the way up.
The Daily is now in D-E-1 (Extreme Overdue) territory, if it is confirmed today at the close the projected low will be 4251.05, it is unlikely it reaches that level, the D-E-1 low was due 8/14/23 (Monday). There is the possibility of the Daily D-SC-1 (Extreme Overdue) getting confirmed Friday at the close, projected low will be 4164.38, however the low was due yesterday, so I doubt the projected low will be reached. But if these 2 cycles get confirmed, it will eliminated 32 Daily Bear points, putting the Daily level bullish at +13, the 60 min level is currently bullish at +13, if the 60 min 60-SC-1 gets confirmed today it will go to +18. The bottom could be in place today and the D-SC-1 could get confirmed on the way up.
The Daily is now in D-E-1 (Extreme Overdue) territory, if it is confirmed today at the close the projected low will be 4251.05, it is unlikely it reaches that level, the D-E-1 low was due 8/14/23 (Monday). There is the possibility of the Daily D-SC-1 (Extreme Overdue) getting confirmed Friday at the close, projected low will be 4164.38, however the low was due yesterday, so I doubt the projected low will be reached. But if these 2 cycles get confirmed, it will eliminated 32 Daily Bear points, putting the Daily level bullish at +13, the 60 min level is currently bullish at +13, if the 60 min 60-SC-1 gets confirmed today it will go to +18. The bottom could be in place today and the D-SC-1 could get confirmed on the way up.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close there is the possibility of a 60 min 60-SC-1 (due 9/1/23) projected low 4313.32, the low will be due Thursday at the 3rd hour. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 42.48 and a SPXU Sell Signal will become active, sell price above 11.78. Also tomorrow at the close there is another chance for the Daily D-E-1 (Extreme Overdue) getting confirmed, projected low 4251.05. There is the possibility of a Daily D-SC-1 (Extreme Overdue) getting confirmed Friday at the close, projected low 4164.38, the low was due today. If the D-E-1 & D-SC-1 are confirmed 32 Daily Bear points will be eliminated, that will make the Daily level bullish by +13 points. The 60 min level is currently bullish at +13.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-E-1 (due 8/20/23) projected low 4370.81, 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 44.29. Tomorrow at the close there is the possibility of a 60-SC-1 (due 9/1/23), projected low 4313.32, the low will be due Thursday at the 3rd hour. If the 60-SC-1 is confirmed another UPRO Buy Signal will become active, buy price below 42.48. Also if the 60-SC-1 is confirmed a SPXU Sell Signal will become active, sell price above 11.78. Unless we get a large drop into the close, tomorrow at the close there will be a possibility of a Daily D-E-1 (Extreme Overdue) projected low 4251.05.
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (due 8/21/23) projected low 4436.45. Today at the close of the 6th hour there is the possibility of a 60-E-1 (due 8/20/23) projected low 4370.81, 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 44.28. This will be the 4th UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.74 buy signals per cycle. Today at the close there is the possibility of a Daily D-E-1 (Extreme Overdue), projected low 4251.05. The Daily MACD (12,26,9) is still 5 pts above the zero line, so it will take a large drop to get the Daily into D-E-1 territory.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-2 (Extreme Overdue) projected high 4555.56, the high will be due Wednesday at the 2nd hour. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (Extreme Overdue) projected high 4593.25, the high will be due tomorrow, or tomorrow at the close there is the possibility of a Daily D-E-1 (Extreme Overdue) projected low 4251.05.
This could put a wrench in Pretzel's scenario.
Right now the Daily Bear Cycle is extending, but is struggling to get into D-E-1 territory.
If the Daily manages to get into D-E-1 territory and confirm the D-E-1 by the close on Friday.
Not only will the extreme overdue D-E-1 get confirmed, but the extreme overdue D-SC-1 could also be confirmed. If both the D-E-1 & D-SC-1 get confirmed this week, that will eliminate 32 Daily Bear points, which would then put the Daily level Bullish by +13 points.
Right now the 60 min level is Bullish by +16 points.
The Daily D-SC-2 is extremely overdue with a projected high of 4915.84
I doubt we see any large drop until after the D-SC-2 ends.
SPX Cycles Update. Today during the 2nd hour the 60 min confirmed a 60-S-2 (due 8/16/23) projected high 4482.67 (reached). Today at the close of the 4th hour there is the possibility of a 60-2 (due 8/16/23) projected high 4500.97, the high will be due today at the 5th hour, or at the close of the 5th hour there is the possibility of a 60 min 60-S-1 (due 8/14/23) projected low 4455.51, the low will be due today at the 5th hour. Today at the close there is the possibility of a Daily D-E-1 (Extreme Overdue) projected low 4251.05, the low will be due today.
SPX Cycles Long Range Projection Chart. Today the Weekly closed in Bear territory. For the Weekly W-S-1 to get confirmed next Friday at the close, the SPX must open Monday below the Weekly UTL (currently at 4470.14), and remain below the UTL until Friday close. If the W-S-1 (due 9/6/23) is confirmed, the projected low will be 4349.85, the low will be due next week. If the W-S-1 is confirmed the Weekly Bull Cycle projections will be reset. However, currently all of the 60 min Bull Cycle projections are above the 4470.14 level, so right now it appears a slight chance for the W-S-1 to get confirmed next week. For the W-S-1 to get confirmed, the Daily Bear Cycle will have to extend. So next week could be very interesting.
SPX Cycles Long Range Projection Chart. Today the Weekly closed in Bear territory. For the Weekly W-S-1 to get confirmed next Friday at the close, the SPX must open Monday below the Weekly UTL (currently at 4470.14), and remain below the UTL until Friday close. If the W-S-1 (due 9/6/23) is confirmed, the projected low will be 4349.85, the low will be due next week. If the W-S-1 is confirmed the Weekly Bull Cycle projections will be reset. However, currently all of the 60 min Bull Cycle projections are above the 4470.14 level, so right now it appears a slight chance for the W-S-1 to get confirmed next week. For the W-S-1 to get confirmed, the Daily Bear Cycle will have to extend. So next week could be very interesting.
SPX Cycles End of the Day Reports & Charts. Today the Weekly closed in Bear territory. Next week the Weekly will have to remain below the Weekly UTL (currently at 4470.14) until the close on Friday for the Weekly W-S-1 (due 9/6/23) to get confirmed, projected low 4349.85, the low will be due next week. Right now all of the 60 min Bull cycle projections are above 4470.14, the the chances of the W-S-1 getting confirmed next week currently look very slim. Monday at the close of the 3rd hour there is the possibility of a 60 min 60-SC-1 (due 9/1/23) projected low 4348.90, the low will be due Monday at the 6th hour. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 43.67, also a SPXU Sell Signal, sell price above 11.47. Also the 60-E-1 UPRO Buy Signal remains active with a buy price below 45.51. Monday at the close there is the possibility of a Daily D-E-1 (Extreme Overdue) projected low 4251.05, the low will be due Monday. If the 60-SC-1 is confirmed on Monday, that will eliminate 4 60 min Bear points, making the 60 min level very bullish at +21. If the D-E-1 gets confirmed Monday, that will eliminate 10 Daily Bear Points which the Daily level will remain bearish at -10. However, if the D-E-1 doesn't get confirmed and the Daily Bear Cycle ends as a D-1, 16 Bear points will be eliminated and the Daily level will remain slightly bearish at -5. So next week will be very interesting to see how this plays out.
SPX Cycles Update. Today at the close of the 2nd hour the 60 min confirmed a 60-E-1 (due 8/12/23) projected low 4406.86, the low is due today at the 6th hour. Due to the confirmation of the 60-E-1 a UPRO Buy Signal is currently active, buy price below 45.49. Monday at the close of the 3rd hour there is the possibility of a 60-SC-1 (due 9/1/23) projected low 4348.90, the low will be due Monday at the 6th hour. If the 60-SC-1 is confirmed another UPRO Buy Signal will become active, buy price below 43.62, also a SPXU Sell Signal will become active, sell price above 11.48. Today at the close there is the possibility of a Daily D-E-1 (Extreme Overdue) getting confirmed, it will take a large drop between now and the close for the Daily to get into D-E-1 territory, projected low 4251.05.
The SPX Weekly in currently in Bear territory. It will have to remain in Bear territory until the close of next Friday for a Weekly Bear Cycle to get confirmed. The current projected low W-S-1 is 4349.85. SPX at or above 4470.14 (as of today) negates the Weekly Bear Cycle. The Weekly W-1 (Extremely Overdue) projected low 4246.63 is worth 11 Bear points. Right now the Weekly is Bearish at -10. If we do get the Weekly W-S-1 confirmed next week, that will reset the Weekly Bull Cycle projections. A Weekly Bear Cycle will likely delay new ATH until November/December.
The SPX Weekly in currently in Bear territory. It will have to remain in Bear territory until the close of next Friday for a Weekly Bear Cycle to get confirmed. The current projected low W-S-1 is 4349.85. SPX at or above 4470.14 (as of today) negates the Weekly Bear Cycle. The Weekly W-1 (Extremely Overdue) projected low 4246.63 is worth 11 Bear points. Right now the Weekly is Bearish at -10. If we do get the Weekly W-S-1 confirmed next week, that will reset the Weekly Bull Cycle projections. A Weekly Bear Cycle will likely delay new ATH until November/December.