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The 60 min has confirmed a 60-SC-1. Due to the 60-SC-1 confirmation a UPRO Buy Signal is currently active price target 55.23. Also a SPXS Sell Signal is active price target 12.59.
This is the 7th UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.82 buy signals per cycle.
I can only add 5 UPRO positions (100 shares per position) during a UPRO Bull Cycle. I have already added 5 positions during this cycle, so I will have to wait for the cycle to end.
The 60 min has confirmed a 60-SC-1. Due to the 60-SC-1 confirmation a UPRO Buy Signal is currently active price target 55.23. Also a SPXS Sell Signal is active price target 12.59.
This is the 7th UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.82 buy signals per cycle.
I can only add 5 UPRO positions (100 shares per position) during a UPRO Bull Cycle. I have already added 5 positions during this cycle, so I will have to wait for the cycle to end.
Next Week it looks like the Weekly is going to confirm a Bear cycle, it closed below it's lower trend line.
If confirmed the Weekly bull cycle projections will be reset.
We then will see which way it goes from there. The W-S-1 is overdue projected low 4971.09 & the W-E-1 is extremely overdue with a projected low of 4096.67.
Looking at the status of the Daily bull cycles, all of them are due in May projected from 5123 to 5507.29, will need a D-2 or D-E-2 to get the SPX Weekly back into bull territory.
Yesterday when the 60 min 60-SC-1 ended, a SPXU/SPXS Bear Cycle ended. This was the 3rd SPXS Bear Cycle this year, the average per year is 11.67.
This SPXS Bear cycle lasted 40 trading days, the average is 23.98.
During this cycle there were no buy signals (D-SC-2).
I didn't buy or sell SPXS during this cycle.
A new SPXS Bear Cycle starts today.
The 60 min level is bullish by 16 points. The Daily is currently bearish by 9 points. The D-E-1 will eliminate 6 bear points, puts Daily bearish by 3 points. If the D-SC-1 gets confirmed that will eliminate 7 bear points, which will put the Daily bullish by 4 points.
D-SC-1 possible confirmation at the close on Tuesday.
Wednesday/Thursday large upside move ?
The Daily D-SC-1 low was due today 5001.89 ?
The D-SC-1 could be confirmed on the way up towards bull territory.
Bought, UPRO, 100 shares at 61.54. This is due to the 60-SC-1 confirmation. This is my 5th UPRO Buy during the current UPRO Bull Cycle, which is the max I can buy during a cycle.
Bought, UPRO, 100 shares at 61.54. This is due to the 60-SC-1 confirmation. This is my 5th UPRO Buy during the current UPRO Bull Cycle, which is the max I can buy during a cycle.
Looking at my cycles, on November 6th a Weekly W-SC-2 will be due.
I believe the market is expecting Trump to win, if he doesn't it will probably crash.
If we get the Weekly W-S-1 confirmed at the end of next week. The Weekly Bull Cycle projections will be reset. So we will likely see a lot higher projections going to the 6000 level.
The current end of year projected range (based on current average 60 min cycle data) has a forecast of 5285.40 to 6023.12. So far this year the 60 min bear cycles are currently averaging 53 points and the bull cycles are averaging 61 points.
If we get the Weekly W-S-1 confirmed at the end of next week. The Weekly Bull Cycle projections will be reset. So we will likely see a lot higher projections going to the 6000 level.
The current end of year projected range (based on current average 60 min cycle data) has a forecast of 5285.40 to 6023.12. So far this year the 60 min bear cycles are currently averaging 53 points and the bull cycles are averaging 61 points.
We are within the range I projected a couple weeks back.
My earlier projection
With the 60-SC-1 confirmed today, the next 60 min cycle has to be a bull cycle.
The 60 min 60-E-2 & 60-SC-2 are both extremely overdue with current projected high range of 5152.95 to 5198.48
Due to the confirmation today at the close of the 2nd hour of the 60 min 60-SC-1 (Extreme Overdue) projected low 4964.69. A UPRO Buy Signal is active, price target 59.16 and a SPXS Sell Signal is active, price target 11.37.
This is the 5th UPRO Buy Signal of this UPRO Bull Cycle, which averages 2.83 buy signals per cycle.
Due to the confirmation today at the close of the 2nd hour of the 60 min 60-SC-1 (Extreme Overdue) projected low 4964.69. A UPRO Buy Signal is active, price target 59.16 and a SPXS Sell Signal is active, price target 11.37.
This is the 5th UPRO Buy Signal of this UPRO Bull Cycle, which averages 2.83 buy signals per cycle.
Bought, UPRO, 100 shares at 63.05. This is due to the confirmation of the 60-E-1.
Bought, UPRO, 100 shares at 63.05. This is due to the confirmation of the 60-E-1.
Due to the 60 min 60-E-1 being confirmed at the close of the 1st hour, a UPRO Buy Signal is currently active, target price is 61.62.
Due to the 60 min 60-E-1 being confirmed at the close of the 1st hour, a UPRO Buy Signal is currently active, target price is 61.62.
SPX Cycles Long Range Projection Chart. Today the Weekly W-SC-2 has been confirmed, projected high 5072.54 (Reached), the high is due 5/17/24. However, the Weekly is currently below it's UTL (currently at 5141.16) so there is now a slight possibility of a Weekly W-S-1 at the close on 4/26/24, projected low 4971.09, the low will be due 4/26/24.
SPX Cycles Long Range Projection Chart. Today the Weekly W-SC-2 has been confirmed, projected high 5072.54 (Reached), the high is due 5/17/24. However, the Weekly is currently below it's UTL (currently at 5141.16) so there is now a slight possibility of a Weekly W-S-1 at the close on 4/26/24, projected low 4971.09, the low will be due 4/26/24.
SPX Cycles Long Range Projection Chart. The SPX Weekly closed below it's UTL (currently at 5135.70) which is Bear Territory, for a Weekly Bear Cycle to be confirmed the Weekly will have to open on Monday below the Weekly UTL and remain below the UTL until the close of the week. Probably a slim chance of getting confirmed because all of the 60 min Bull Cycle projections are currently above the Weekly UTL level. If by chance at the close on 4/19/24 the Weekly confirms the W-S-1 (Overdue) projected low 4971.09, the low will be due 4/19/24. If the W-S-1 were to get confirmed that would actually be bullish, as the Weekly Bull Cycle projections would be reset to a lot higher levels. If the W-S-1 doesn't get confirmed next week, the Weekly W-SC-2 (Extreme Overdue) will, however the Weekly W-SC-2 projected high of 5072.54 has already been reached. If the W-SC-2 doesn't get confirmed, it will remain extremely overdue, which means we could go from a W-S-1 to a W-SC-2 which could be a 500 to 1000 point gain over the next 28 to 30 weeks.
SPX Cycles Long Range Projection Chart. The SPX Weekly closed below it's UTL (currently at 5135.70) which is Bear Territory, for a Weekly Bear Cycle to be confirmed the Weekly will have to open on Monday below the Weekly UTL and remain below the UTL until the close of the week. Probably a slim chance of getting confirmed because all of the 60 min Bull Cycle projections are currently above the Weekly UTL level. If by chance at the close on 4/19/24 the Weekly confirms the W-S-1 (Overdue) projected low 4971.09, the low will be due 4/19/24. If the W-S-1 were to get confirmed that would actually be bullish, as the Weekly Bull Cycle projections would be reset to a lot higher levels. If the W-S-1 doesn't get confirmed next week, the Weekly W-SC-2 (Extreme Overdue) will, however the Weekly W-SC-2 projected high of 5072.54 has already been reached. If the W-SC-2 doesn't get confirmed, it will remain extremely overdue, which means we could go from a W-S-1 to a W-SC-2 which could be a 500 to 1000 point gain over the next 28 to 30 weeks.
Bought, UPRO, 100 shares at 65.04. This is due to the confirmation of the 60-E-1.
Bought, UPRO, 100 shares at 65.04. This is due to the confirmation of the 60-E-1.
A 60-E-1 has been confirmed. A UPRO Buy Signal is currently active, price target 62.99.
A 60-E-1 has been confirmed. A UPRO Buy Signal is currently active, price target 62.99.
Looks like good chance for the D-1 today at the close. A UPRO Buy Signal is possible today at the close of the 6th hour, target price 63.25.
I believe the D-1 will likely be the bottom of this Daily Bear Cycle. Monday the 60 min could confirm the extreme overdue 60-SC-1.
The Weekly will likely close today in Bear territory, but I doubt we get a Weekly Bear Cycle next week, right now all the 60 min Bull Cycle projections are above the Weekly UTL.
So we could be getting a nice Bull Rally starting Tuesday/Wednesday. The large 60 min Bull Cycle 60-E-2 & 60-SC-2 are both extremely overdue.
Looks like good chance for the D-1 today at the close. A UPRO Buy Signal is possible today at the close of the 6th hour, target price 63.25.
I believe the D-1 will likely be the bottom of this Daily Bear Cycle. Monday the 60 min could confirm the extreme overdue 60-SC-1.
The Weekly will likely close today in Bear territory, but I doubt we get a Weekly Bear Cycle next week, right now all the 60 min Bull Cycle projections are above the Weekly UTL.
So we could be getting a nice Bull Rally starting Tuesday/Wednesday. The large 60 min Bull Cycle 60-E-2 & 60-SC-2 are both extremely overdue.
Bought, UPRO, 100 shares at 66.8699. This is due to the confirmation of the 60-E-1.
Bought, UPRO, 100 shares at 66.8699. This is due to the confirmation of the 60-E-1.
Due to confirmation of the 60 min 60-E-1. A UPRO Buy Signal is currently active target price is 63.35
Due to confirmation of the 60 min 60-E-1. A UPRO Buy Signal is currently active target price is 63.35