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The Daily D-S-1 has been negated for today.
SPX Cycles Update. Today during the 5th hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4125.33, today at the close there is the possibility of a 60-2 (Extreme Overdue) projected high 4142.16, the high will be due tomorrow at the 1st hour. Today at the close there is the possibility of a Daily D-S-1 (due 6/4/23) projected low 4082.26, the low will be due today.
Right now we are in a Weekly, Monthly, Quarterly & Yearly Bull Cycle, so until a Bear Cycle is possible at the Weekly or above level, there won't be any future Bear Cycle posted.
SPX Cycles End of the Day Reports & Charts. Today at the close of the 6th hour the 60 min confirmed a 60-E-1 (due 5/5/23) projected low 4075.47, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-E-1 a UPRO Buy Signal has become active, buy price below 37.24. Tomorrow at the close there is the possibility of a 60 min 60-SC-1 (due 5/25/23) projected low 4021.87, the low will be due Thursday at the 3rd hour. Also tomorrow at the close there is the possibility of a Daily D-S-1 (due 6/4/23) projected low 4082.26, the low will be due tomorrow.
UPRO Bull Cycle ended yesterday at the close, due to the 60 min 60-S-1 getting confirmed today at the close of the 1st hour.
This was the 4th UPRO Bull Cycle of this year, the average is 13 per year. This cycle lasted 18 trading days, the average is 19.02 trading days. During this cycle there was 2 buy signals, the average per cycle is 2.83 buy signals. During this cycle I added 100 shares of UPRO at 36.69 per share, no UPRO shares was sold this cycle. 1400 shares of UPRO & 100 shares of SPXL will be carried forward to the next UPRO Cycle which started today.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-2 (Overdue) projected high 4194.09, the high is due tomorrow. Tomorrow at the close of the 1st hour there is the possibility of a 60 min 60-S-1 (Overdue) projected low 4157.67, the low will be due at the 1st hour. Since the Weekly remains in W-E-2 territory, I will hold my UPRO until the next 60-SC-2.
SPX Cycles Update. Today during the 2nd hour the SPX Monthly confirmed a M-S-2 (due 8/29/26) projected high 4560.94, the high will be due 5/31/23. Today at the opening of the 5th hour the 60 min confirmed a 60-SC-2 (Extreme Overdue) projected high 4187.71, the high is due tomorrow at the 4th hour. Due to the confirmation of the 60-SC-1 a UPRO Sell Signal is currently active, sell price above 40.41. Today at the close the Daily is expected to confirm a D-2 (Overdue) projected high 4194.09, the high will be due tomorrow.
I don't use stop losses.
My objective is to buy low, so I only buy when extended bear cycles are confirmed, then hold as long as possible, hopefully riding the long extended Bull Cycles. at the Weekly & Monthly levels. Right now the Weekly Bull Cycle is projected to continue to 8/11/23.
I only use money I can afford to lose.
As of today I have recovered my losses from 2022 and I have 1400 shares of UPRO payed for.
You don't need to be 100% accurate, just need to stay in the ball park. You don't make anything if your not in the market.
Be careful, if the Monthly confirms a new Bull Cycle it could go up fast.
With the Weekly in W-E-2 territory, I will hold.
SPX Cycles End of the Day Reports & Charts. The 60 min remains in an OB condition. Monday at the opening of the 5th hour there is the possibility of a 60-SC-2 (Extreme Overdue) projected high 4187.71, the high will be due Tuesday at the 4th hour. Tuesday there is the possibility of a new Monthly Bull Cycle M-S-2 (due 8/29/26) projected high 4560.94, the high will be due 5/31/23. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 40.47.
4500 by end of next month. New Monthly Bull Cycle gets confirmed next week.
SPX Cycles Update.
The 4th SPXU Bear Cycle this year ended yesterday at the close, the average is 11 cycles per year. This cycle lasted 31 trading days, the average is 22.08 trading days. During this cycle there was no buy signals, I did not add or sell any SPXU positions. Zero shares of SPXU will be carried forward to the next cycle that starts today.
Today at the close of the 3rd hour the 60 min confirmed a 60-2 (due 5/1/23) projected high 4101.28, today at the close there is the possibility of a 60 min 60-E-2 (Extreme Overdue) projected high 4151.03, the high will be due Monday at the 1st hour.
I bought the 60-E-1 signal, tomorrow if it continues I may add a position on the 60-SC-1 signal
So between the 60-E-1 & 60-SC-1 that was a lot of Bear points eliminated
Hopefully tomorrow the D-1 gets confirmed, that will be worth another 8 Bear points
Then hopefully a nice upside rally.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-SC-1 (Extreme Overdue) projected low 3974.90, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-SC-1 a UPRO Buy Signal is currently active, buy price below 34.60, also a SPXU Sell Signal, sell price above 14.98. Tomorrow at the close there is the possibility of a Daily D-1 (Extreme Overdue) projected low 4046.64, the low was due today.
Bought, UPRO, 100 shares at 36.69, this is due to the 60-E-1 confirmation.
I'm looking to add a UPRO position at the close.
Tomorrow the Daily low could be put in at 4046.64
Today the Daily Bull Cycle projections have been reset, the extreme overdue D-SC-2 now has a projected high of 4503.68
3 of the 4 Daily Bull Cycles are due next month.
The Daily D-2 is due 4/27/23 projected high 4216.91.
SPX Cycles End of the Day Reports & Charts. The 60 min is currently in an OS condition. Today at the close the Daily confirmed a D-S-1 (due 5/7/23) projected low 4065.25, the low was due today. Tomorrow at the close is the possibility of a 60-SC-1 (Extreme Overdue) projected low 3974.90, the low will be due Thursday at the 3rd hour. Thursday at the close there is the possibility of a Daily D-1 (Extreme Overdue) projected low 4046.64, the low will be due tomorrow. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 34.64.
SPX Cycles Update. Today at the close of the 6th hour the 60 min confirmed a 60-E-1 (Extreme Overdue) projected low 4027.87, the low is due tomorrow at the 3rd hour. Today at the close there is the possibility of a Daily D-S-1 (due 5/7/23) projected low 4065.25, the low will be due today. Due to the confirmation of the 60-E-1 a UPRO Buy Signal is currently active, buy price below 36.08. Tomorrow at the close there is the possibility of a 60-SC-1 (Extreme Overdue) projected low 3974.90, the low will be due Thursday at the 3rd hour.
SPX 4050 would be a nice bottom by Thursday close.
That will confirm the 60-E-1, 60-SC-1 & D-1 all are extremely overdue.
That would also eliminate 38 Bear points, which would turn the 60 min & Daily levels green (bullish)
Next week move to the 4200 level.
SPX 4050 would be a nice bottom by Thursday close.
That will confirm the 60-E-1, 60-SC-1 & D-1 all are extremely overdue.
That would also eliminate 38 Bear points, which would turn the 60 min & Daily levels green (bullish)
Next week move to the 4200 level.
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (due 5/6/23) projected low 4088.37, today at the close of the 6th hour there is the possibility of a 60-E-1 (Extreme Overdue) projected low 4027.87, the low will be due tomorrow at the 3rd hour. Today at the close there is the possibility of a Daily D-S-1 (due 5/7/23) projected low 4065.25, the low will be due today.
Yes, too quite, this market needs to drop
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour there is the possibility of a 60 min 60-2 (due 5/1/23) projected high 4170.57, the high will be due at the 2nd hour or a 60 min 60-S-1 (due 4/26/23) projected low 4109.12, the low will be due at the 1st hour. Tomorrow at the close there is the possibility of a Daily D-S-1 (due 5/7/23) projected low 4065.25, the low will be due tomorrow.
Trading in a very narrow range, not even my SPX short Bear/Bull cycles are reaching targets.
My guess is we breakout to the downside and take out the large 60 min Bear cycles 60-E-1/60-SC-1 and possibly the Daily D-1.
I doubt the targets will be reached.
Then we can possible make a move up to the 4200 level
SPX Cycles Update. Today during the 1st hour the 60 min confirmed a 60-S-2 (due 4/27/23) projected high 4161.70, put in a high of 4142.41, then at the close of the 3rd hour the 60 min confirmed a 60-S-1 (due 4/26/23) projected low 4113.48, today at the close of the 5th hour there is the possibility of a 60-1 (due 5/3/23) projected low 4092.71, the low will be due today at the 5th hour.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-S-1 (due 4/25/23) projected low 4109.12, Monday at the close of the 2nd hour there is the possibility of a 60-1 (due 5/3/23) projected low 4088.37, the low will be due Monday at the 2nd hour. Monday at the close there is again the possibility of a Daily D-S-1 (due 5/7/23) projected low 4065.25, the low will be due Monday.
SPX Cycles Update. The Daily D-S-1 has been negated for today. Today during the 6th hour the 60 min confirmed a 60-S-2 (due 4/26/23) projected high 4149.68, the high is due today at the 6th hour, Monday at the close of the 1st hour there is the possibility of a 60-2 (due 5/1/23) projected high 4166.61, 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 60-1 (Extreme Overdue) projected low 4098.76, today at the close of the 4th hour there is the possibility of a 60-E-1 (Extreme Overdue) projected low 4038.10, the low will be due Monday at the 1st hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 36.33. Today at the close there is the possibility of a Daily D-S-1 (due 5/7/23) projected low 4065.25, the low will be due today.