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.
We got a Daily Bear Cycle confirmed today, so Pokersam once again calls for a crash. Once again he will be wrong.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-S-1 (due 2/28/23) the low was due today. With the confirmation of the D-S-1, the Daily Bull Cycle projections have been reset, the extreme overdue D-SC-2 now has a projected high of 4491.96. Monday at the close of the 2nd hour there is the possibility of a 60-SC-1 (due 2/19/23) projected low 3992.39, the low will be due Monday at the 5th hour. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 36.09. Monday has the potential to be a large upside move if the 60 min & Daily confirm new Bull Cycles.
"YOU expect a low mid-day followed by a rally till when?" Right now the 60 min is in a 60-E-1 and could be heading to the 60-SC-1 (possible confirmation on Monday at the close of the 2nd hour) projected low 3992.39, low will be due Monday at the 5th hour.
I only follow SPX Cycles.
"Does your analysis go beyond daily calls and near term turns?" I follow the SPX 60 min, Daily, Weekly, Monthly, Quarterly & Yearly cycles. For each time frame there is 4 possible levels of Bear Cycles and 4 possible levels of Bull Cycles. Right now the 60 min is in a 60-E-1, which is an extended Bear Cycle. The Daily is currently in a D-E-2 which is an extended Bull Cycle, however, the D-E-2 may have ended yesterday, because the Daily is currently in an UNCONFIRMED D-S-1, which is a short Bear Cycle, which normally only lasts 1 trading day. The D-S-1 could be confirmed today at the close, it has already exceeded it's projected low of 4090.56, the low will be due today. The Weekly is currently in a W-2 (which is an average Weekly Bull Cycle), the projected high of 4169.38, has already been exceeded, the high is due 2/17/23, however, the Weekly indicators have the Weekly currently in W-E-2 (Overdue) territory, the W-E-2 could be confirmed at the close on 3/10/23, the projected high is 4582.25, the high will be due 5/26/23. The Monthly just confirmed a new Bull Cycle this month, it is in a M-S-2, overdue (which is a short Monthly Bull Cycle), the projected high of 4180.44, has already been exceeded, the M-S-2 high is due this month, however, there is the possibility the Monthly could go into a M-2 (which is a average Monthly Bull Cycle), the M-2 is overdue with a projected high of 5115.33, the earliest the M-2 can be confirmed is at the close on 4/28/23, the high will be due 8/31/23, so we could see a new ATH by June/July this year. The Quarterly also confirmed a new Bull Cycle (Q-S-2) this month, the Q-S-2 is a short Quarterly Bull Cycle, the projected high is 4692.46, the high is due 3/31/23, the Q-2 (average Quarterly Bull Cycle) is overdue with a projected high of 7596.37, the earliest the Q-2 can be confirmed is 9/30/23, the high will be due 3/31/25. The Yearly has now been in a Y-E-2 (Yearly extended Bull Cycle) the projected high is 10331.27, the high is due 12/31/2034, the Y-E-2 is projected to continue to 12/31/2035, unless a Y-SC-2 (which is a Yearly Super Cycle Bull Cycle) is confirmed. The earliest the Y-SC-2 can be confirmed is at the open on 1/1/2036, projected high will be 15308.39, the high will be due 12/31/2041. Then we will likely see the MOTHER OF ALL BEAR CYCLES, with a drop of 7500 + points. So we are probably not even at the top of where the Bear Market will end.
"Why not SPXL?" UPRO is currently 38.73 per share, SPXL is currently 73.55 per share. I go with the cheapest.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-E-1 (Extreme Overdue) projected low 4045.60, the low is due today at the 5th hour, Monday at the close of the 2nd hour there is the possibility of a 60-SC-1 (due 2/19/23) projected low 3992.39, the low will be due Monday at the 5th hour. The Daily is currently in an UNCONFIRMED D-S-1 (due 2/28/23) if confirmed today at the close, the low is due today.
Due to the confirmation of the 60-E-1 a UPRO Buy Signal is currently active, buy price below 37.67, until a 60-S-2 (due 2/15/23) is confirmed.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (Extreme Overdue) projected low 4045.60, the low will be due tomorrow at the 5th hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 37.66, until a 60-S-2 (due 2/15/23) is confirmed. Tomorrow at the close there is the possibility of a Daily D-S-1, the low will be due tomorrow.
SPX Cycles Update. Today at the close of the 5th hour the 60 min confirmed a 60-1 (Due 2/16/23), tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (Extreme Overdue) projected low 4045.60, the low will be due tomorrow at the 5th hour. The Daily is currently in D-S-1 territory, if the D-S-1 is confirmed tomorrow at the close, projected low 4090.56, the low will be due tomorrow. If the D-S-1 is confirmed the Daily Bull Cycle projections will be reset.
If you notice at the bottom of the SPX Cycles Update, the 60 min Cycles turned red, indicating there is pressure to the downside, the 60 min needs to get a 60-E-1 confirmed, the 60-E-1 is worth 5 cycle points. The Daily cycles remain Bullish until a D-SC-2 is confirmed which is worth 10 cycle points, once the D-SC-2 is completed the Daily cycles will become Bearish. If the Daily ends this Bull Cycle as a D-E-2 which is worth 0 cycle points, the Daily will remain bullish going into the next Daily Bear Cycle.
Bottom line: We need an extended 60 min Bear Cycle (60-E-1) to get another good upside move to the 4250 level, if we can also get the 60-SC-1 it would even be better.
SPX Cycles Quick update. Today during the 1st hour the 60 min confirmed a 60-S-2 (Extreme Overdue), put in a high at 4156.23, then at the close of the 3rd hour the 60 min confirmed a 60-S-1 (Overdue), today at the close of the 5th hour there is the possibility of a 60-1 (due 2/16/23) projected low 4106.36, the low will be due today at the 5th hour.
SPX Cycles End of the Day Reports & Chart. Tomorrow during the 1st hour there are a few possibilities. The 60 min could confirm a 60-S-2 (Extreme Overdue) projected high 4147.47, or at the close of the 1st hour the 60 min could confirm a 60-1 (due 2/16/23) or a 60-E-1 (Extreme Overdue) projected low 4065.37, the low will be due tomorrow at the 5th hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 37.27, until a 60-S-2 (Extreme Overdue) is confirmed.
The cycles will continue. The Bull side currently has the advantage. The Weekly remains in extended Bull territory price projection to 4582.25.
The SPXU Bear Cycles is overdue for a sell signal, so we could see a deeper pull back to get the 60-SC-1 (due 2/17/23) confirmed which is the SPXU Bear Cycle sell signal.
The SPX Yearly Bull Cycle remains in strong bull territory with a projected high of 10331.27.
I don't think we get any meaningful pull back until the Daily D-SC-2 is completed, the D-SC-2 is projected to be confirmed at the open on 2/21/23, projected high is 4298.10, the high will be due 3/1/23.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (Overdue) projected low 4083.77, then ate the close of the 4th hour there is the possibility of a 60-SC-1 (due 12/17/23) projected low 4030.06, the low will be due tomorrow at the 7th hour.
The 60 min 60-E-1 (Overdue) & 60-SC-1 (due 2/17/23) projected low 4030.06
The 60 min 60-SC-2 (due 2/13/23) projected high 4233.24
We could either continue down and get the 60-SC-1 confirmed, then head up to the 60-SC-2 and break thru the 4200 level.
Or we could get the 60-E-1 confirmed, then head up to the 60-E-2 (due 2/9/23) projected high 4196.16, then back down to the 60-1 (due 2/12/23) then up to the 60-SC-2 which could take the SPX to the 4250 level, by the middle of the month. This scenario would put the Monthly & Quarterly well into bull territory, and we could see another 450 + points to the upside by the end of March taking the SPX to 4692.
SPX Cycles Update. Today at the close of the 5th hour the 60 min confirmed a 60-S-1 (due 2/6/23), today at the close there is the possibility of a 60 min 60-1 (due 2/12/23), Monday at the close of the 3rd hour there is the possibility of a 60-E-1 (Overdue) projected low 4083.77, the low will be due Monday at the 7th hour.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-E-2 (due 2/2/23), the high is due tomorrow at the 5th hour. Today there is a good chance for the Monthly to confirm a new Bull Cycle, M-S-2, projected high 4180.44 has already been reached, the high will be due 2/28/23. Keep in mind that the M-2 is overdue, projected high 5115.33 (ATH), the earliest the M-2 can be confirmed is at the close on 4/28/23, the high will be due 8/31/23.
If your wanting an E-wave guru, I would recommend Breeze on SI, he is on Da Chiefs forum "Technology Stocks & Market Talk with Don Wolanchuk"
Breeze actually posts his work.
Pokersam is not very creditable. He is more of a trouble maker than anything else. He bans anyone that disagrees with him.
SPX Cycles Update. Today during the 5th hour the 60 min confirmed a 60-S-2 (Extreme Overdue) projected high 4085.51. Today at the 6th hour there is the possibility of a 60-S-1 (due 2/6/23) projected low 4033.73. Today at the close, if the 60-S-1 is not confirmed, there is the possibility of a 60-2 (due 2/12/23) projected high 4102.19, the high will be due tomorrow at the 1st hour.
February 2023: I expect the Bulls to continue. I'm expecting a new Quarterly & Monthly Bull cycle this month. The Weekly is in W-E-2 (Overdue) territory. A Daily D-SC-2 (Overdue) could be confirmed this month. Current SPX end of year projected high is 7095.33.
January 2023: Bulls win by 205.38 pts. The Weekly confirmed a W-2, the Daily confirmed a D-E-2, the 60 min confirmed a 60-SC-2.
December - Bears win by 222.05. The Bears also win 2022 by 936.59. Bears 1767.72, Bulls 831.13. The Bears took 8 months and the Bull took 4 months.
November - Bulls win by 175.63 The Weekly confirmed a W-2, the Daily confirmed a D-E-2, and the 60 min confirmed 2 60-SC-2s.
October - Bulls win by 96.62 The Daily D-1 & D-E-2 got confirmed, and a 60 min 60-SC-2 got confirmed.
September Bears won by 226.56 Weekly W-E-1 & Monthly M-1 was confirmed.
August Bears won by 122.46 New Weekly Bear Cycle begin.
July Bulls won by 320.88 New Weekly Bull Cycle begin.
June Bears won by 350.02
May Bears won by 41.76 New Monthly Bear Cycle currently a M-S-1
April the Bears won by 393 points. New Weekly Bear Cycle that ended in July as a W-SC-1.
March the Bulls won by 238 points. New Weekly Bull Cycle ended as a W-S-2.
February Bears won by 205.91 points.
January Bears won by 205.96 points. New Weekly Bear Cycle that ended in March as a W-E-1.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (Overdue) projected low 3985.23, low will be due at the 3rd hour, tomorrow at the close there is the possibility of a 60-SC-1 (due 2/17/23) projected low 3932.82, the low will be due Wednesday at the 3rd hour. Also tomorrow at the close there is the possibility of a Daily D-S-1 (due 2/28/23) projected low 3991.86, the low will be due tomorrow. Tomorrow there is the possibility of 2 UPRO Buy Signals, one at the closing of the 1st hour if the 60-E-1 is confirmed, UPRO buy price below 36.21, the second one is at the close if the 60-SC-1 is confirmed, UPRO buy price below 34.76.
The case for being bullish is we are in a Daily extended Bull Cycle, the Weekly is in an UNCONFIRMED extended Bull Cycle, the Monthly M-1 (Monthly average Bear Cycle) is in the 9th month, the average is 6 months, the monthly indicators are closer to a new Monthly Bull Cycle than a Monthly Extended Bear Cycle, the Quarterly is also closer to a new Quarterly Bull Cycle than a Quarterly Average Bear Cycle. The Yearly indicators are in strong Bull territory.
A move to 4165 is projected by the 17th.
SPX Cycles Quick Update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (Overdue), today at the close of the 3rd hour there is the possibility of a 60-1 (due 2/7/23) and today at the close of the 6th hour there is the possibility of a 60-E-1 (Overdue) projected low 3985.23, the low will be due tomorrow at the 3rd hour. It will take a lot to get the 60-E-1 confirmed as the 60 min MACD (12,26,9) is well above the zero line. The Daily remains in Bull territory above 4022 and the Weekly is currently in strong Bull territory. The Monthly & Quarterly still have the potential of confirming new Bull Cycles this week. Once I get all my reports updated, I will post an SPX Cycles Update chart and current 60 min, Daily, Weekly chart.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-E-2 (due 3/4/23) projected high 4186.44, high due 2/16/23, keep in mind that the D-SC-2 is overdue, it could be confirmed at the opening on 2/20/23, projected high 4298.10, the high will be due 3/1/23. Also today at the close the Weekly confirmed a W-2 (due 3/16/24) projected high 4169.38, the high is due 2/17/23, keep in mind that the W-E-2 is overdue, it could be confirmed at the close on 3/10/23, projected high is 4582.25, the high will be due 5/26/23. Monday at the close of the 1st hour there is the possibility of a 60-S-1 (Overdue) or at the opening of the 2nd hour there is the possibility of a 60-SC-2 (due 2/13/23) the high will be due Tuesday at the 2nd hour. Next week there is also the possibility of a new Quarterly Bull Cycle (Q-S-2) projected high 4692.46, the high will be due 3/31/23.