Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's been going down, it dropped to 3491.58, Oct 2022, that was a 27.54% drop from the Jan 2022 high of 4818.62, it has now gained back 23.13%.
Since the Jan 2022 high there have been 6 Weekly Bear Cycles & 2 Monthly Bear Cycles & a Quarterly Bear Cycle.
So far this year there has been 58 60 min Bear Cycles, 13 Daily Bear Cycles, 3 Weekly Bear Cycles, 2 Monthly Bear Cycle & 1 Quarterly Bear Cycle.
Last year the Bear 60 min cycles averaged 112 points and the Bull cycles averaged 104 points, this year the Bull cycles are averaging 68 points and the Bear cycles are average 60 points. For all years the Bulls are only gaining 2 points a cycle over the Bears.
To: northam who wrote (4779) 6/9/2023 11:48:50 AM
From: northam
4780
of 4780
Bear pressure at the 60 min/Daily levels.
SPX needs to pull back to the 4200 level so the 60-E-1/60-SC-1 & D-1 can get confirmed.
Right now the 60-E-1 & 60-SC-1 are each worth 5 Bear points, the D-1 is worth 13 Bear points
So a drop to the 4200 level could knock out 23 Bear points by the middle of June.
The 4200 level would keep the Weekly in it's Bull Cycle.
Then the SPX could propel to the 4400/4500 level by the end of June.
Bear pressure at the 60 min/Daily levels.
SPX needs to pull back to the 4200 level so the 60-E-1/60-SC-1 & D-1 can get confirmed.
Right now the 60-E-1 & 60-SC-1 are each worth 5 Bear points, the D-1 is worth 13 Bear points
So a drop to the 4200 level could knock out 23 Bear points by the middle of June.
The 4200 level would keep the Weekly in it's Bull Cycle.
Then the SPX could propel to the 4400/4500 level by the end of June.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-E-2 (due 6/9/23) projected high 4368.06, the high is due Monday at the 2nd hour. Monday at the opening of the 6th hour there is the possibility of a 60-SC-2 (due 6/18/23) projected high 4406.66, the high will be due Tuesday at the 5th hour.
Short term is projecting upward to 4400
SPX Cycles End of the Day Reports & Charts. I was out all day, my mother had shoulder surgery. Today during the 2nd hour a 60-S-2 (due 6/6/23) was confirmed, projected high 4300.20, the high was put in during the 4th hour at 4287.01 (Missed), then today at the close of the 5th hour the 60 min confirmed a 60-S-1 (due 6/10/23) projected low 4257.07, the low was put in during the 6th hour at 4268.51 (Missed), then during the 7th hour the 60 min confirmed another 60-S-2 (due 6/12/23) projected high 4305.67. Tomorrow at the close of the 1st hour there is the possibility of a 60-S-1 (due 6/11/23) projected low 4258.38, the low will be due tomorrow at the 1st hour, or tomorrow at the close of the 2nd hour there is the possibility of a 60-2 (Extreme Overdue) projected high 4323.25, the high will be due tomorrow at the 3rd hour.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-S-1 (due 6/6/23) projected low 4269.25, tomorrow at the close of the 2nd hour there is the possibility of a 60-1 (due 6/13/23) projected low 4247.70, the low will be due tomorrow at the 2nd hour. Also today at the close the Daily confirmed a D-E-2 (Extreme Overdue) projected high 4421.80, the high is due 6/22/23.
Looks like the 60 min is going to negate the 60-SC-2 and possibly confirm a 60-S-1 (due 6/6/23) projected low 4269.25, today at the close.
However, if the 60 min rebounds before the close and confirms the 60-SC-2, I have placed a UPRO Sell Limit order, of 200 shares at 43.75, which will be good till the close. The 43.75 price is based on the 60-SC-2 projected high of 4314.18.
So lets see what happens.
Possibility of a 60-S-1 today projected low 4269.25
Sure I do, just don't post them here, LOL!!!
Today at the opening of the 7th hour there is the possibility of a 60-SC-2 (due 6/18/23) projected high 4314.18, the high will be due tomorrow at the 6th hour.
Today at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4421.80, the high will be due 6/22/23
Today at the opening of the 7th hour there is the possibility of a 60-SC-2 (due 6/18/23) projected high 4314.18, the high will be due tomorrow at the 6th hour.
Today at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4421.80, the high will be due 6/22/23
The 60 min is overbought.
Maybe a pull back to 4232 to fill the Daily gap.
SPX Cycles End of the Day Reports & Charts. Monday at the opening of 7th hour there is the possibility of a 60-SC-2 (due 6/18/23) projected high 4314.18, the high will be due Tuesday at the 6th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 43.74. Tuesday at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4421.80, the high will be due 6/22/23.
Why would it be a down day Monday?
The 60-SC-2 projected high is 4314.18
SPX Cycles Long Range Projection Chart. Today once again the Weekly, Monthly & Quarterly make new cycle highs. However, today the Monthly moved into M-2 (Overdue) territory, if the M-2 is confirmed at the close on 7/31/23, the projected high will be 5580.16 (ATH), the high will be due 11/30/23, which is well above the current ALL TIME HIGH.
SPX Cycles Long Range Projection Chart. Today once again the Weekly, Monthly & Quarterly make new cycle highs. However, today the Monthly moved into M-2 (Overdue) territory, if the M-2 is confirmed at the close on 7/31/23, the projected high will be 5580.16 (ATH), the high will be due 11/30/23, which is well above the current ALL TIME HIGH.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-E-2 (due 6/2/23) projected high 4276.39, the high is due Monday at the 2nd hour, Monday at the opening of the 7th hour, there is the possibility of a 60-SC-2 (due 6/18/23) projected high 4314.18, the high will be due Tuesday at the 6th hour.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-2 (Extreme Overdue) projected high 4225.13, the high is due today at the 5th hour. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-2 (due 6/2/23) projected high 4276.39, the high will be due Monday at the 2nd hour.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4165.62, put in a low at 4171.64, then during the 2nd hour the 60 min confirmed a 60-S-2 (due 6/6/23) projected high 4207.96, today at the close of the 4th hour there is the possibility of a 60-2 (Extreme Overdue) projected high 4225.13, the high will be due today at the 5th hour.
SPX Cycles End of the Day Reports & Charts. Today during the 7th hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4202.42. Tomorrow at the close of the 1st hour there is the possibility of a 60-S-1 (Overdue) projected low 4165.62, the low will be due tomorrow at the 1st hour or tomorrow at the close of the 2nd hour there is the possibility of a 60-2 (Overdue) projected high 4219.57, the high will be due tomorrow at the 3rd hour. Tomorrow at the close there is the possibility of a Daily D-S-1 (due 7/3/23) projected low 4125.33, the low will be due tomorrow.
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (Overdue) projected low 4180.34, today at the close of the 6th hour there is the possibility of a 60-E-1 (due 6/2/23) projected low 4118.48, 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 38.06.
Yesterday at the close a UPRO Bull Cycle ended, due to the confirmation of the 60-S-1 today at the close of the 1st hour. This was the 6th UPRO Bull Cycle this year, the average is 13.4 cycles per year. This cycle lasted 5 trading days, the average is 18.10 trading days. During this cycle there was 2 buy signals. I didn't add any UPRO positions during this cycle because the signals didn't reach the projected target price. I also didn't sell any UPRO positions because the sell signal didn't reach the target price. Today a new UPRO Bull Cycle starts.
SPX Cycles End of the Day Reports & Charts. Tomorrow either the 60-SC-2 continues or a 60-S-1 (Overdue) gets confirmed projected low 4201.55. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, sell price above 41.72. Tomorrow at the close there is the possibility of a Daily D-2 (due 7/29/23) projected high 4250.67, the high will be due Thursday.
Yes, it has been confirmed, but looks like it won't reach the target, and may end the next hour.