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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.
SPX Cycles Update. Today at the opening of the 5th hour the 60 min confirmed a 60-SC-2 (due 6/10/23) projected high 4244.20, the high is due tomorrow at the 4th hour. Today at the close of the 6th hour there is the possibility of a 60-S-1 (Overdue) projected low 4201.55, the low will be due today at the 6th hour.
There are currently 10 Bear Cycles that are overdue.
Of those 10, 6 of them are extremely overdue. D-1, D-E-1, D-SC-1, W-1, M-E-1, & Q-SC-1
But there are also 5 Bull Cycles that are extremely overdue. D-E-2, D-SC-2, W-SC-2, Q-2 & Y-2
So right now the market is pretty balanced.
That Daily D-1 just don't seem to want to get confirmed.
SPX Cycles End of the Day Reports & Charts. Monday is a trading holiday. Tuesday at the opening of the 5th hour there is the possibility of a 60-SC-2 (due 6/10/23) projected high 4244.20, the high will be due Wednesday at the 4th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 41.70. Wednesday 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. Today at the close the Daily closed just inside D-E-2 territory, so at the close on 6/6/23, there is the possibility of a D-E-2 (Extreme Overdue) projected high 4421.80, the high will be due 6/22/23.
Yep, sure looking like it. If that happens that will be back to back 60-SC-2 's. The last 60-SC-2 was followed by a 60-SC-1, so we didn't pick up any ground. Also the last 60-SC-2 didn't reach the target, hopefully this one will exceed it.
SPX Cycles End of the Day Reports & Charts. Tomorrow there are a lot of possibilities. Tomorrow at the close of the 1st hour there are 3 possibilities. (1) possibility of a 60-2 (Overdue) projected high 4156.61, (2) possibility of a 60-E-2 (Overdue) projected high 4207.03, the high will be due Tuesday at the 1st hour, & (3) possibility of a 60-S-1 (Overdue) projected low 4136.64, the low will be due at the 1st hour. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (due 7/1/23) projected high 4241.83, the high will be due tomorrow. Tomorrow at the close there is the possibility of a Daily D-1 (Extreme Overdue) projected low 4088.79, the low was due today. So do we finally get the D-1 confirmed tomorrow? We shall see.
SPX Cycles Update. Today during the 1st hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4139.71. Today at the close of the 4th hour there is the possibility of a 60-2 (Overdue) projected high 4156.61, the high will be due today at the 4th hour. Today there is the possibility of a Daily D-S-2 (due 7/1/23) projected high 4241.83, the high will be due today.
Yesterday at the close the SPXU Bear Cycle ended, due to the confirmation of the 60 min 60-S-2 today during the opening hour. This was the 5th SPXU Bear Cycle of this year, the average is 11.5 per year. This cycle lasted 20 trading days, the average is 22.04 trading days. During this cycle there was no buy signals, the average is 0.23 buy signals per cycle. The SPXU Buy signal is the Daily D-SC-2 (Extremely Overdue), the last D-SC-2 was 7/15/22, which lasted 26 trading days and gained 603.72 points.
SPX Cycles End of the Day Reports & Charts. I didn't get my UPRO buy today, maybe tomorrow. Today at the close the 60 min confirmed a 60-SC-1 (due 5/25/23) projected low 4046.84, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-SC-1 another UPRO Buy Signal became active, buy price below 36.24. Also today at the close the Daily confirmed a D-S-1 (due 6/25/23) projected low 4107.60, the low was due today, the question is do we get the D-1 confirmed on Friday?
Hopefully I get the 60-E-1 price, I doubt the 60-SC-1 will reach it's projected low.
To keep the basketball from rolling down the hill. It's a 50 ft fence about 8 ft high.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-E-1 (due 5/26/23) projected low 4100.77, 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 37.76. Tomorrow at the close there is the possibility of a 60-SC-1 (due 5/25/23) projected low 4046.84, 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 36.24. Also tomorrow at the close there is the possibility of a Daily D-S-1 (due 6/25/23) projected low 4107.60, the low will be due tomorrow.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-1 (due 5/25/23) projected low 4162.36, today at the close of the 6th hour there is the possibility of a 60-E-1 (due 5/26/23) projected low 4100.77, 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 37.69.
UPRO Bull Cycle ended at the close yesterday, due to the confirmation of the 60 min 60-S-1 today at the close of the 1st hour. This UPRO Bull Cycle lasted 15 trading days, the average is 18.64 trading days. During this cycle there was 3 Buy Signals, the average cycle has 2.84 buy signals. During this cycles there was no buys or sells. I didn't buy because the projected price was not reached, I didn't sell because the Weekly is currently in a W-E-2 with a projected high of 4619.33, the high is due 8/11/23. I will carry 1400 shares of UPRO & 100 shares of SPXL forward to the next cycle that starts today.
There are a couple of road blocks that could slow the upside move at the 60 min & Daily levels.
We need the 60 min 60-E-1 & 60-SC-1 taken out, that is worth 10 bear points
At the Daily level, we need at least the D-1 taken out, that is worth 13 bear points
Then we could see a nice rally to the 4400 level by 6/12/23, then drop into a Daily D-E-1.