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That happens when the big bull cycles get confirmed. They slaughter the bears.
SPX Cycles End of the Day Reports & Charts. The 60 min, Daily & Weekly are OB. Today the Weekly, Monthly & Quarterly put in new cycle highs at 4562.30. Today at the close the Daily confirmed a D-E-2 (due 8/23/23) projected high 4729.88, the high is due 8/4/23. Tomorrow at the opening of the 5th hour, there is the possibility of a 60-SC-2 (due 8/4/23) projected high 4653.30, the high will be due Thursday at the 4th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 53.93.
The SPX is only 267 pts from the ATH. With only 41% bullish. 33% are not committed yet. 26% bears, about to get slaughtered.
Start looking for SPX 100 days, the large Bull Cycles are in play M-2 getting confirmed end of the month, Q2 coming the end of September.
Could be 4700
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-E-2 (due 7/19/23) projected high 4612.54, the high is due tomorrow at the 1st hour. Today at the close a Daily D-E-2 (due 8/23/23) projected high 4729.88, is expected to be confirmed, the high will be due 8/4/23. Tomorrow at the opening of the 5th hour there is the possibility of a 60-SC-2 (due 8/4/23) projected high 4653.30, the high will be due Thursday at the 4th hour.
SPX Cycles End of the Day Reports & Charts. The Daily & Weekly are OB. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-2 (due 7/19/23) projected high 4612.54, the high will be due Wednesday at the 1st hour. Tomorrow at the close there is the possibility of a Daily D-E-2 (due 8/23/23) projected high 4729.88, the high will be due 8/4/23.
It will eventually, maybe August/September
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (due 7/19/23) projected high 4557.26, the high is due today at the 4th hour. Today at the close there is the possibility of a 60-E-2 (Due 7/19/23) projected high 4612.54, the high will be due Wednesday at the 1st hour. Tomorrow at the close there is the possibility of a Daily D-E-2 (due 8/23/23) projected high 4729.88, the high will be due 8/4/2023.
SPX Cycles Update. Still on vacation. Regular reports should resume Monday. The Weekly remains OB. Today the Weekly, Monthly, & Quarterly once again put in a new cycle high at 4527.76. Today at the close the 60 min confirmed a 60-S-1 (Overdue) projected low 4496.13, the low was due today at the 7th hour. Due to the confirmation of the 60-S-1, the UPRO Bull Cycle ended today. This was the 9th UPRO Bull Cycle this year. The average is 14 cycles per year. This UPRO Bull Cycle lasted 7 trading days, the average is 17.51 trading days. This cycle had 1 UPRO Buy Signal, the average is 2.77 buy signals per cycle. During this cycle I didn't buy or sell any UPRO. 1100 shares of UPRO & 100 shares of SPXL will be carried forward to the next cycle which starts on Monday. Monday at the close of the 2nd hour there is the possibility of a 60-1 (due 7/20/23) projected low 4473.44, the low will be due at the 2nd hour, or during the trading day Monday there is the possibility of a 60-S-2 (Overdue) projected high 4538.73.
The 60-SC-2 continues. I have put in a UPRO Sell Limit order for 100 shares at 50.16
SPX Cycles Update. Still on vacation. The 60 min, Daily, & Weekly are OB. Today the Weekly, Monthly & Quarterly made a new cycle high at 4517.38. Today at the opening of the 5th hour the 60 min confirmed a 60-SC-2 (due 7/21/23) projected high 4539.91, the high is due tomorrow at the 4th hour. Today at the close the Daily confirmed a D-2 (due 8/1/23) projected high 4546.83, the high is due tomorrow. Tuesday at the close there is the possibility of a Daily D-E-2 (due 8/23/23) projected high 4729.88, the high will be due 8/4/23. Today due to the confirmation of the 60-SC-2, a UPRO Sell Signal is currently active, sell price above 50.16.
SPX Cycles Update. Still on vacation, so will be a short report. The 60 min & Weekly are OB. Today the Weekly, Monthly & Quarterly put in a new cycle high at 4488.34. The Quarterly today closed in Q-E-2 (due 5/9/2029) territory, it still has another 10 Quarters before the Q-E-2 can be confirmed, the Q-E-2 has a projected high of 19001.05, the high won't be due for another 32 Quarters (8 years) which will be 2031. The current Bull Market high is due 12/31/2034, projected high 10331.27. Tomorrow at the opening of the 5th hour there is the possibility of a 60-SC-2 (due 7/21/23) projected high 4539.91, the high will be due Friday at the 4th hour. Also tomorrow at the close there is the possibility of a Daily D-2 (due 8/1/23) projected high 4546.83, the high will be due Friday. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 50.25.
SPX Cycles Update. Still on vacation, so will be a short report. The 60 min & Weekly are OB. Today the Weekly, Monthly & Quarterly put in a new cycle high at 4488.34. The Quarterly today closed in Q-E-2 (due 5/9/2029) territory, it still has another 10 Quarters before the Q-E-2 can be confirmed, the Q-E-2 has a projected high of 19001.05, the high won't be due for another 32 Quarters (8 years) which will be 2031. The current Bull Market high is due 12/31/2034, projected high 10331.27. Tomorrow at the opening of the 5th hour there is the possibility of a 60-SC-2 (due 7/21/23) projected high 4539.91, the high will be due Friday at the 4th hour. Also tomorrow at the close there is the possibility of a Daily D-2 (due 8/1/23) projected high 4546.83, the high will be due Friday. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 50.25.
SPX Cycles Update. Since I am on vacation I will just give a short update as to what has occurred today and what may occur tomorrow. Today during the 1st hour the Daily confirmed a D-S-2 (Overdue) projected high 4537.37, the high was due today, however, the Daily closed in D-2 (due 8/1/23) if the D-2 is confirmed at the close on Thursday the projected high will be 4546.83, the high will be due Friday. Today at the close the 60 min confirmed a 60-E-2 (Overdue) projected high 4500.15, the high is due Thursday at the 1st hour.
I am on vacation this week, so short updates. I am using my laptop, so it is hard to update on this small screen.
Today at the close of the 2nd hour the 60 min confirmed a 60-1 (Extreme Overdue) projected low 4387.11. Tomorrow at the close of the 1st hour there is either a possibility of a 60-E-1 (due 7/16/23) projected low 4322.20 or a 60-S-2 (due 7/11/23) projected high 4428.14.
Today at the close the Daily confirmed a D-S-1 (due 8/1/23) projected low 4347.03. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (Overdue) projected high 4473.45, the high will be due tomorrow.
The Bulls just lost 12 points with the 60 min Bull ending in 60-2. The 60 min level is now in the red by 8 points, the Bull/Bear strength meter is in the red 40.63%.
That means Bear Cycles need to get confirmed, the big Bear Cycles point wise is the 60-1 (8 pts), D-1 (15 pts), D-E-1 (9 pts), D-SC-1 (21 pts), W-1 (13 pts), M-E-1 (9 pts), M-SC-1 (12 pts), & Q-SC-1 (15 pts).
Right now the only ones that need to get confirmed is at the 60 min & Daily level, the Weekly is due for a Bear Cycle in August, the Monthly is in M-E-2 territory, so it could be a long time before it's next Bear Cycle.
Bottom line: If we get the Daily D-1 & D-E-1 out of the way, the SPX coud go to new ATH before the end of the year.
Right now the end of the year projection is 4751.09 (based on all year cycle averages) to 5507.37 (based on current year cycle averages).
I will be on vacation all next week. I will be taking my laptop with me, so I will be posting end of the day reports.
SPX Cycles End of the Day Reports & Charts. Today at the close of the 6th hour the 60 min confirmed a 60-2 (Extreme Overdue), then at the close the 60 min confirmed a 60-S-1 (due 7/10/23) projected low 4409.37, the low was due today at the 7th hour. Monday at the close of the 2nd hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4387.11, the low will be due Monday at the 2nd hour, however at the close of the 5th hour there is the possibility of a 60-E-1 (due 7/16/23) projected low 4322.20, the low will be due Tuesday at the 2nd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 43.37. Also Monday at the close there is the possibility of a Daily D-S-1 (due 8/2/23) projected low 4347.03, the low will be due Monday, however there is the possibility of a Daily D-1 (Extreme Overdue) at the close on Wednesday with a projected low of 4327.13, the low will be due Tuesday (7/11/23).
We did the last couple weeks, got above 100. Today lower 90's.
Looks like the 60 min 60-2 ended and a 60-S-1 will get confirmed today at the close. That puts the 60 minute in a lot of red now. So likely down for a bit.
Yes, there is still room for upside. The 60 min level is green, so it can continue to push the SPX upward a little at a time. A good Daily correction could happen at the 4500 level, a drop to 4327 down to 4113 is possible.
SPX Cycles Update. Today during the 4th hour the 60 min confirmed a 60-S-2 (due 7/11/23) projected high 4423.23, the high is due today at the 4th hour. Today at the close of the 6th hour there is the possibility of a 60-2 (Extreme Overdue) projected high 4441.28, the high will be due today at the 7th hour.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close there is the possibility of a 60-SC-1 (due 7/23/23) projected low 4277.29, the low will be due Monday at the 3rd hour. Also tomorrow at the close there is the possibility of a Daily D-S-1 (due 8/2/23) projected low 4347.03, the low will be due tomorrow. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 41.95, and a SPXU Sell Signal will become active, sell price above 11.93
That's possible. If the 60 min ends this cycle as a 60-2, that will be 11 Bull points. Which will put the 60 min level in the red.
We really need the Daily D-1 & D-E-1 confirmed, if that happens now, it will leave the Monthly & Quarterly Bull Cycles in tact.
SPX Cycles End of the Day Reports & Charts. The Daily & Weekly remain OB. Today at the close the Daily confirmed a D-E-2 (due 7/22/23) projected high 4663.25, the high is due 7/24/23. Tomorrow at the close of the 1st hour there is the possibility of a 60-S-1 (due 7/10/23) projected low 4421.72, the low will be due tomorrow at the 1st hour, or a 60-2 (Extreme Overdue) projected high 4499.59, the high will be due tomorrow at the 2nd hour.
SPX Cycles Update. Today during the 6th hour the 60 min confirmed a 60-S-2 (Overdue) projected high 4481.30. Today at the close the Daily is expected to confirm a D-E-2 (due 7/23/23) projected high 4663.25, the high will be due 7/24/23.
Today at the close there is the possibility of a 60-S-1 (due 7/10/23) projected low 4419.81, the low will be due today at the 7th hour.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4427.34. Today at the close the Daily is expected to confirm a D-E-2 (due 7/23/23) projected high 4663.25, the high will be due 7/24/23.
The 60 min today could either confirm a 60-1 (Extreme Overdue) projected low 4404.99, the low will be due today at the 6th hour or a 60-S-2 (Overdue) projected high 4481.30.
Due to the confirmation of the 60-S-1, the UPRO Bull Cycle has ended today. This was the 8th UPRO Bull Cycle this year, the average per year is 13.8. This cycle lasted 11 trading days, the average is 17.73 trading days. During this cycle there was 4 buy signals, the average for a cycle is 2.8 buy signals. During this cycle I added 1 UPRO position at 45.18. I didn't sell any UPRO or SPXL during this cycle.
SPX Cycles End of Day Reports & Charts. Today the SPX entered long term cycle territory at the Monthly (M-E-2) & Quarterly (Q-2) levels. This SPX Bull Market could go up another 4000 points over the next 2 years. The 60 min, Daily & Weekly closed today in OB territory. Tomorrow is a trading holiday. Wednesday either the 60-SC-2 continues towards it's projected high of 4475.96 or a 60-S-1 (Overdue) gets confirmed, projected low 4427.34. Wednesday at the close there is the possibility of a Daily D-E-2 (due 7/23/23) getting confirmed, projected high 4663.25, the high will be due 7/24/23.