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SOLD UPRO 200 Shares at 46.55, the 60-SC-2 has exceeded it's average duration and projected high.
SOLD UPRO 200 Shares at 46.55, the 60-SC-2 has exceeded it's average duration and projected high.
SOLD 200 shares of UPRO at 45.00
These 2 positions were above 10% gain
The sell limit order for 400 shares has been cancelled.
SOLD 200 shares of UPRO at 45.00
These 2 positions were above 10% gain
The sell limit order for 400 shares has been cancelled.
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