Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes, I would like to see the 60-E-1 & 60-SC-1 out of the way, then head to 4200 level.
You to Gleno.
The Lord bless thee, and keep thee:
The Lord make his face shine upon thee, and be gracious unto thee:
The Lord lift up his countenance upon thee, and give thee peace.
Numbers 6:24-26
SPX Cycles End of the Day Reports & Charts. Tomorrow the markets are closed. The Daily is in an OB condition. Monday at the close of the 2nd hour there is the possibility of a 60 min 60-E-2 (Overdue) projected high 4172.03, the high will be due Tuesday at the 3rd hour. At the close of next week there is the possibility of a Weekly W-2 (due 4/15/24) projected high 4220.28, the high will be due 5/5/2023, the W-E-2 projected high 4636.26 & W-SC-2 projected high 4708.00, are both overdue. The 60 min 60-E-1 & 60-SC-1 are both overdue, so next week we could see a pull back to around 4075 allowing the 60-E-1 & 60-SC-1 to get confirmed. Then a large move to the upside possibly confirming a new Monthly Bull Cycle M-S-2 , projected high 4560.94, the high will be due this month.
SPX Cycles Update. Today at the close of the 5th hour the 60 min confirmed a 60-2 (Extreme Overdue) projected high 4122.03, the high is due today at the 6th hour. Tomorrow at the close of the 2nd hour there is the possibility of a 60 min 60-E-2 (Overdue) projected high 4172.03, the high will be due Monday at the 3rd hour.
The 4070 level is current support for the Daily/Weekly Bull Cycles. The 60 min could confirm a 60-E-1 (Overdue) & 60-SC-1 (due 4/8/23) at that level.
The 60-E-2 (Overdue) with a current projected high of 4172.03.
SPX has gained 700 points since the October low, where have you been?
I thought today we would get a 60-E-1, was looking to add a UPRO position.
Instead it just went side ways.
Maybe tomorrow.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-E-2 (Extreme Overdue) projected high 4257.54, the high is due 4/24/23. Tomorrow during the 1st hour there is again the possibility of a 60-S-2 (Overdue) projected high 4108.02, the high will be due at the 1st hour, or at the close of the 1st hour there is the possibility of a 60-E-1 (Overdue) projected low 4023.11, if the 60-E-1 is confirmed, then at the close of the 2nd hour there is the possibility of a 60-SC-1 (due 4/8/23) projected low 3970.20, the low will be due tomorrow at the 5th hour. So tomorrow if the 60-E-1 & 60-SC-1 are confirmed, there is the possibility of 2 UPRO Buy Signals, if 60-E-1 is confirmed, buy price below 36.12, if the 60-SC-1 is confirmed, buy price below 34.64.
SPX Cycles End of the Day Reports & Charts. Tomorrow during the 1st hour there is the possibility of a 60-S-2 (Overdue) projected high 4122.45, the high will be due at the 1st hour, or at the close of the 1st hour there is the possibility of a 60-1 (due 4/10/23) projected low 4083.54. Tomorrow at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4257.54, the high will be due 4/24/23.
UPRO Bull Cycle Ends today.
Due to the confirmation of the 60 min 60-S-1 the UPRO Bull Cycle has ended today.
This UPRO Bull Cycle lasted 9 trading days, the average is 19.49 trading days.
There was 1 buy signal during this cycle
I didn't buy or sell any UPRO positions during this cycle.
There will be 1300 UPRO shares average cost of 53.56 and 100 SPXL shares average cost 127.70, carried forward to the next UPRO Bull Cycle that starts tomorrow.
It's a buy the dip market right now. We have some large bull cycles at the Daily, Weekly, Monthly & Quarterly level that can drive this market up fast.
Look at the long term chart. If the Monthly & Quarterly get above their UTL, the upside could escalate to 4818 in a short period of time. Traders will start piling on, because they don't want to miss the rally. Those shorting this will get clobbered.
There are some very large bull cycles in play here.
Right now the year end projection is 4476.90 to 5204.95.
The 60 min Cycles are running in the Bulls favor. Bull cycles are averaging 81.71 pts and Bear Cycles are averaging 73.67.
The current 60 min Bull Cycle has gained 176.13
The last 60 min Bear Cycle declined 52.30
The March 60 min Cycles have not ended, the Bulls have taken March so far by 49.17 points.
The Bulls could kill the Bears this Month.
The Weekly has entered extended Bull (W-E-2,Overdue) territory, if confirmed 5/19/23, projected high will be 4636.26, the high will be due 8/11/23.
Possibly tomorrow a 60-S-1.
The current projection for the end of the month is 4257.54 to 4560.94
SPX Cycles End of the Day Reports & Charts. The 60 min & Daily are currently in an OB condition. Tomorrow during the trading day there is the possibility of a 60-S-1 (Overdue) projected low 4098.83. The Weekly today has entered W-E-2 (Overdue) territory, if the W-E-2 is confirmed at the close on 5/19/23, the projected high will be 4636.26, the high will be due 8/11/23. If the Monthly gets above 4175, there is the possibility of a new Monthly Bull Cycle M-S-2, projected high 4560.94, the high will be due 4/28/23. If the Quarterly gets above 4150, the Q-S-2 will continue in it's 2nd quarter projected high is 4692.46.
SPX Cycles End of the Day Reports & Charts. The Bulls came from behind and took the month by 32.26 points. Today at the close the Daily confirmed a D-2 (due 4/27/23) projected high 4092.77, the high will be due Monday. Also today at the close the Monthly confirmed a new Bear Cycle M-S-1 (Overdue) projected low 3666.30, the low was due today. The Monthly Bull Cycle projections have been reset. During the month of April there is the possibility of a new Monthly Bull Cycle M-S-2 (due 8/29/26) current projected high is 4560.94, the high will be due 4/28/23. Wednesday at the close there is the possibility of a Daily D-E-2 (Extreme Overdue) projected high 4257.54, the high will be due 4/24/23, then at the opening of 4/26/23 there is the possibility of a Daily D-SC-2 (Extreme Overdue) projected high 4371.10, the high will be due 5/5/23. So I expect the Bulls will also be victorious in April, probably by over 200 points if the D-SC-2, W-2 & M-S-2 get confirmed.
SPX Cycles Update. Today at the opening of the 5th hour the 60 min confirmed a 60-SC-2 (due 4/10/23) projected high 4086.55, the high is due Monday at the 4th hour. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, sell price at or above 37.98. Today at the close there is the possibility of a Daily D-2 (due 4/27/23) projected high 4092.77, high will be due Monday.
Looking at the long range chart. If the Monthly reaches above 4175 before the close, the current Monthly Bull Cycle M-S-2 will continue in it's 2nd month. If the Monthly closes today below 4175 then a new Monthly Bear Cycle M-S-1 (Overdue) will be confirmed, projected low 3666.30. If the M-S-1 is confirmed the Monthly Bull Cycle projections will be reset, meaning the Bull Cycle projections could be a lot higher than they are now. If the Monthly Bear Cycle is confirmed, it is possible that a new Monthly Bull Cycle M-S-2 could be confirmed possibly as early as next week. If the Quarterly closes today below 4150, the Quarterly will open in an UNCONFIRMED Quarterly Bear Cycle Q-S-1, however, it will take 3 months to get the Quarterly Q-S-1 confirmed and the SPX will have to stay below the 4150 level the entire 2nd Quarter for it to get confirmed, based on the Daily & Weekly current projected highs, the Quarterly Q-S-1 will not likely be confirmed. The Yearly Bull Cycle Y-E-2 is currently in strong bull territory, the Y-E-2 is projected to continue to 2035, the projected high is 10331.27.
"That means its open to occur or does it mean the points are enough to let it pass?" I don't understand what your asking me here.
Once all time highs return, they will all jump on board and that's when the blast off really gets going.
So tomorrow the Monthly will confirm a M-S-1 (short bear cycle) that will reset the Monthly Bull Cycle projections. Then I expect we will confirm a new Monthly Bull Cycle possibly by the 1st week in April.
Looks like it.
SPX Cycles End of the Day Reports & Charts. The 60 min remains OB. Tomorrow at the opening of the 5th hour there is the possibility of a 60-SC-2 (due 4/10/23) projected high 4086.55, the high will be due Monday at the 4th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 38.00. Tomorrow at the close there is the possibility of a Daily D-2 (due 4/27/23) projected high 4092.77, the high will be due Monday. Tomorrow at the close there is also the possibility of a Monthly M-S-1 (Overdue), projected low 3666.30, the low is due this month. The Daily is currently in D-E-2 (Extreme Overdue) territory, if the D-E-2 is confirmed at the close on 4/5/23, the projected high will be 4257.54, the high will be due 4/24/23. The Weekly is currently in W-2 (due 4/15/24) territory, if the W-2 is confirmed at the close on 4/14/23, the projected high will be 4220.28, the high will be due 5/5/23.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-E-2 (due 4/6/23) projected high 4050.75, the high is due Friday at the 1st hour. Tomorrow during the trading day there is the possibility of a new Weekly Bull Cycle W-S-2 (due 11/17/23) projected high 4108.36, the high will be due this week. Keep in mind that the Weekly W-E-2 projected high 4636.26 and the W-SC-2 projected high 4708.00 are both extremely overdue.
SPX Cycles Update. Today during the 1st hour the Daily confirmed a D-S-2 (due 5/16/23) projected high 4084.26, the high is due today. Today at the close of the 3rd hour the 60 min confirmed a 60-2 (Extreme Overdue) projected high 4002.20, the high is due today at the 4th hour. Today at the close there is the possibility of a 60-E-2 (due 4/1/23) projected high 4050.75, the high will be due Friday at the 1st hour.