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Today new cycle highs for the Weekly, Monthly & Quarterly.
The Monthly is now well into M-2 territory with a projected high of 5580.16, I expect the M-2 (Overdue) to get confirmed at the end of July, the high will be due 11/30/23. The Monthly is very close to M-E-2 territory that has a projected high of 6473.28, the earliest the M-E-2 (due 2/18/24) can be confirmed is 2/29/24.
The Quarterly today has entered Q-2 (Extreme Overdue) territory projected high 7596.37, the Q-2 is projected to be confirmed at the close on 9/30/23, the high will be due 3/31/2025.
That may be a bridge to far.
Today new cycle highs for the Weekly, Monthly & Quarterly.
The Monthly is now well into M-2 territory with a projected high of 5580.16, I expect the M-2 (Overdue) to get confirmed at the end of July, the high will be due 11/30/23. The Monthly is very close to M-E-2 territory that has a projected high of 6473.28, the earliest the M-E-2 (due 2/18/24) can be confirmed is 2/29/24.
The Quarterly today has entered Q-2 (Extreme Overdue) territory projected high 7596.37, the Q-2 is projected to be confirmed at the close on 9/30/23, the high will be due 3/31/2025.
The 60-SC-2 continues. Placed a UPRO Sell Limit Order 100 shares at 48.26
Tomorrow could be a large upside move with the D-2 getting confirmed, will have to get to 4500 to get into D-E-2 territory. The 60 min is still green, meaning it could push the SPX higher.
If the 60-S-1 & 60-1 are confirmed that is worth 8 Bear points.
As long as the 60 min doesn't end as a 60-2, which is 11 Bull points, the SPX could melt up.
SPX Cycles Update. Today at the opening of the 7th hour the 60 min confirmed a 60-SC-2 (due 7/3/23) projected high 4475.96, the high is due tomorrow at the 6th hour. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, sell price above 48.25. Today at the close there is the possibility of a Daily D-2 (due 8/1/23) projected high 4482.78, the high will be due tomorrow.
Doubt it goes that low, the 4289 level is the Weekly UTL, the Daily D-E-1 could get confirmed at that level.
Probably so
Sideways moves usually only result in short cycles, that's because the EMA 3 will stay below the EMA 11 (High) and above the EMA 11 (Low), which is short cycle territory.
So going sideways doesn't require much to maintain.
SPX Cycles End of the Day Reports & Charts. Tomorrow there is the possibility of a 60-S-1 (Overdue) projected low 4359.68, or at the opening of the 7th hour there is the possibility of a 60-SC-2 (due 7/3/23) projected high 4475.96, the high will be due Friday at the 6th hour. Also tomorrow at the close there is the possibility of either a Daily D-S-1 (due 8/2/23) projected low 4337.27, the low will be due tomorrow, or a Daily D-2 (due 8/1/23) projected high 4482.78, the high will be due Friday. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 48.39.
Looks like the 60-E-2 may be ending, the bottom could fall out this afternoon.
The upside is limited until the Daily D-1 (4317.41)/D-E-1(4104.71) is confirmed. Between the 2 of them there is 24 Bear points, that's a lot of downward pressure.
Right now the 60 min is pushing the SPX upward, but it is about to run out of gas, I expect a good drop in the short term to 4317, possibly down to 4105.
The 4317 level keeps the Weekly in it's extended Bull Cycle.
All of the Daily Bull Cycles are due in July, the Daily Super Cycle is extremely overdue.
Bottom line. If the SPX can get the D-1 & D-E-1 confirmed in the short term, the SPX would then have the potential of going to ATH by end of August.
The upside is limited until the Daily D-1 (4317.41)/D-E-1(4104.71) is confirmed. Between the 2 of them there is 24 Bear points, that's a lot of downward pressure.
Right now the 60 min is pushing the SPX upward, but it is about to run out of gas, I expect a good drop in the short term to 4317, possibly down to 4105.
The 4317 level keeps the Weekly in it's extended Bull Cycle.
All of the Daily Bull Cycles are due in July, the Daily Super Cycle is extremely overdue.
Bottom line. If the SPX can get the D-1 & D-E-1 confirmed in the short term, the SPX would then have the potential of going to ATH by end of August.
SPX Cycles End of the Day Reports & Charts. Today at the close of the 5th hour the 60 min confirmed a 60-2 (Extreme Overdue) projected high 4383.58, tomorrow at the close of the 2nd hour there is the possibility of a 60-E-2 (Overdue) projected high 4436.75, the high will be due Thursday at the 3rd hour. Today during the 4th hour the Daily confirmed a D-S-2 (due 7/1/23) projected high 4473.45, the high was due today. Due to the confirmation of the 60-S-2 today at the 3rd hour, the SPXU Bear Cycle ended today and a new SPXU Bear Cycle will start tomorrow. This was the 7th cycle this year, the average is 11.83 Bear Cycles per year. This cycle lasted only 3 trading days, the average cycle lasts 21.58 trading days. During this cycle there was no SPXU Buy Signals. I have zero shares of SPXU, so no shares will be carried forward to the next SPXU Bear Cycle starting tomorrow.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-SC-1 (due 7/16/23) projected low 4209.50, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-SC-1, a UPRO Buy Signal (price below 40.21) & a SPXU Sell Signal (price above 12.47) are currently active. Tomorrow at the close there is the possibility of a Daily D-1 (Extreme Overdue) projected low 4317.41, the D-1 low was due today.
The Bulls are being blocked at the D-1 (4317.41)/D-E-1 (4104.71), so these extreme overdue bear cycles need to get confirmed, they probably won't reach the projected low.
However, at the 60 min level the Bulls could drive the SPX higher to 4450.
Bottom line: The bulls need the D-1 & D-E-1 to get confirmed to move to all time highs.
The Bulls are being blocked at the D-1 (4317.41)/D-E-1 (4104.71), so these extreme overdue bear cycles need to get confirmed, they probably won't reach the projected low.
However, at the 60 min level the Bulls could drive the SPX higher to 4450.
Bottom line: The bulls need the D-1 & D-E-1 to get confirmed to move to all time highs.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-S-1 (due 7/3/23) projected low 4337.27, the low was due today. Monday during the trading day there is the possibility of a Daily D-S-2 (due 7/1/23) projected high 4487.16, the high will be due Monday. Monday at the close there is the possibility of a 60-SC-1 (due 7/16/23) projected low 4209.50, the low will be due Tuesday at the 3rd hour. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 40.16. Also if the 60-SC-1 is confirmed a SPXU Sell Signal will become active, sell price above 12.46. If the Daily D-S-2 gets confirmed on Monday the 60-SC-1 will be negated.
SPX Cycles Update. The 60-E-1 has been confirmed and a UPRO Buy Signal is currently active.
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (Overdue) projected low 4329.67. Today at the close of the 6th hour there is the possibility of a 60-E-1 (due 6/26/23) projected low 4265.60, the low will be due Monday at the 3rd hour. Today at the close there is the possibility of a Daily D-S-1 (due 7/3/23) projected low 4337.27, the low will be due today. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, the buy price below 41.85. There is the possibility of a 60-S-2 (due 6/28/23) getting confirmed today before the close, projected high 4381.46. If the 60-S-2 is confirmed today the 60 min 60-E-1 & Daily D-S-1 will likely be negated.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4351.64, today at the close of the 3rd hour there is the possibility of a 60-1 (Overdue) projected low 4329.67, the low will be due today at the 3rd hour, today at the close of the 6th hour there is the possibility of a 60-E-1 (due 6/26/23) projected low 4265.60, the low will be due Monday at the 3rd hour. Today at the close there is the possibility of a Daily D-S-1 (due 7/3/23) projected low 4337.27, the low will be due today. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 41.89.
Today the SPXU Bear Cycle ended. Due to the confirmation of the 60-S-2, the 60-SC-1 ended and the 6th SPXU Bear Cycle this year ended. The average is 11.67 cycles per year. This cycle lasted 19 trading days, the average cycle lasts 21.99 trading days. During this cycle there was no buy signals, the average buy signal per cycle is 0.22, the SPXU buy signal is the Daily D-SC-2 which is currently extremely overdue with a projected high of 4539.74. I don't have any shares of SPXU, so zero shares will be carried forward to the next SPXU Bear Cycle that starts tomorrow.
SPX Cycles End of the Day Reports & Charts. Today during the 6th hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4389.71. Tomorrow at the close of the 1st hour there is the possibility of a 60 min 60-2 (Extreme Overdue) projected high 4407.62, the high will be due tomorrow at the 2nd hour. Due to the confirmation of the 60-S-2, the 60-SC-1 ended, which ended the SPXU Bear Cycle, so tomorrow a new SPXU Bear Cycle will begin.
We are in a 60 min 60-SC-1 that is a bottom cycle.
Bought, UPRO, 100 shares at 45.18, this is due to the 60-SC-1 confirmation
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-SC-1 (due 6/22/23) projected low 4273.11, the low is due tomorrow at the 2nd hour. Due to the confirmation of the 60-SC-1, a UPRO Buy Signal is active, buy price below 42.09, also due to the confirmation of the 60-SC-1 a SPXU Sell Signal is currently active, sell price above 11.95.
SPX Cycles Update. Today at the close of the 2nd hour the 60 min confirmed a 60-E-1 (Extreme Overdue) projected low 4330.06, due to the confirmation of the 60-E-1, a UPRO Buy Signal became active, buy price below 43.90. Today at the close of the 6th hour there is the possibility of a 60-SC-1 (due 6/22/23) projected low 4273.11, the low will be due tomorrow at the 2nd hour. If the 60-SC-1 is confirmed another UPRO Buy Signal will become active, buy price below 42.12. Also if the 60-SC-1 is confirmed a SPXU Sell Signal will become active, sell price above 11.95.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour, there is the possibility of a 60-E-1 (Extreme Overdue) projected low 4330.06, the low will be due tomorrow at the 2nd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 44.03. The Daily & Weekly remain OB.
SPX Cycles Update. Today at the close of the 2nd hour the 60 min confirmed a 60-1 (Overdue) projected low 4395.10, today at the close of the 5th hour there is the possibility of either a 60-E-1 (Extreme Overdue) projected low 4330.06, the low will be due tomorrow at the 2nd hour, or a 60-S-2 (Overdue) projected high 4405.21, the high will be due today at the 5th hour. If the 60-E-1 gets confirmed today a UPRO Buy Signal will become active, buy price below 44.02. Currently the Daily & Weekly are in a OB condition.
UPRO Bull Cycle Ended Today. Due to the confirmation of the 60-S-1 today at the close the 7th UPRO Bull Cycle of this year has ended. The average number of UPRO Bull Cycles per year is 13.6. This cycle lasted 13 trading days the average is 18.46 trading days. There was no buy signals this cycle, the average is 2.78 buy signals per cycle. During this cycle I sold 400 shares of UPRO at an average price of 45.775 per share. A new UPRO Bull Cycle will be starting on Tuesday. 1000 shares of UPRO & 100 shares of SPXL will be carried forward to the new cycle.
It doesn't look like it's over, this 60-SC-2 has the potential of being a record breaking one.
I have 5 more positions that could turn green next week. These are positions that got stuck on the way down, so it's what I consider bonus money.