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The SPX 60 min & Daily are currently OB, but it can remain OB for a long period when higher levels are going into Bull territory.
Next week the Weekly will likely be in W-E-2 territory, looks like the Weekly MACD (12,26,9) will finally cross above the zero line.
If your a Bear you might want to go into hibernation for a year.
It's the hitting of the top green line (UTL) currently at 4133.29
So possibly 4135 or 4140 is the confirmation price. The UTL will rise as price goes up.
SPX Cycles End of the Day Reports & Charts. Tomorrow at the close there is the possibility of a Daily D-E-2 (due 3/4/23), projected high 4186.44, high will be due 2/16/23, and a Weekly W-2 (due 3/16/24) projected high 4169.38, the high will be due 2/17/23. Keep in mind that the Daily D-SC-2 is overdue with a projected high of 4298.10, and the Weekly W-E-2 & W-SC-2 are overdue, the W-E-2 projected high is 4582.25 and the W-SC-2 projected high is 4653.16. This Quarter there is a good possibility of a new Quarterly Bull Cycle with a projected high of 4692.46, the high will be due 3/31/23.
SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-E-2 (due 1/28/23), the high is due tomorrow at the 5th hour, Monday at the opening of the 2nd hour there is the possibility of a 60-SC-2 (due 2/13/23) projected high 4083.99, the high will be due Tuesday at the 5th hour. Tomorrow at the close there is the possibility of a Daily D-E-2 (due 3/4/23), projected high 4186.44, high will be due 2/16/23 and a Weekly W-2 (due 3/16/24) projected high 4169.38, the high will be due 2/17/23. Keep in mind that the Daily D-SC-2 is overdue with a projected high of 4298.10 and the Weekly W-E-2 & W-SC-2 are overdue, the W-E-2 has a projected high of 4582.25 and the W-SC-2 has a projected high of 4653.16.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-2 (due 1/25/23), tomorrow at the close of the 4th hour there is the possibility of a 60-E-2 (due 1/28/23) projected high 4048.22, the high will be due Friday at the 5th hour. The Daily closed in D-E-2 territory and the Weekly closed in W-2 territory.
SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (Overdue). There is the possibility of a 60-S-2 (Extreme Overdue) sometime this afternoon, or at the close of the 6th hour there is a possibility of a 60-E-1 (due 1/28/23) projected low 3931.79, the low will be due tomorrow at the 3rd hour.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (Overdue), the 60 min is currently in 60-1 (Overdue) territory, if the 60-1 is confirmed at the close of the 3rd hour, the low will also be due at the 3rd hour, there is the possibility today at the close of the 6th of a 60-E-1 (due 1/28/23) projected low 3931.79, the low will be due tomorrow at the 3rd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 34.85 until a 60-S-2 (Extreme Overdue) is confirmed.
Yesterday at the close a UPRO Bull Cycle ended. This cycle lasted 39 trading days, the average is 21.10 trading days. During this cycle there was 10 buy signals, the average is 2.79. I added 4 UPRO positions during this cycle, average buy price 34.56, there were no sells during this cycle. 1700 shares of UPRO & 100 shares of SPXL will be carried forward to the next cycle that starts today.
The 60 min 60-SC-2 has been confirmed, the projected high has been exceeded, it could end tomorrow at the 1st hour or continue to Thursday. The 60 min 60-S-1 & 60-1 are both overdue, so we could get a short bear cycle that would reset the bull projections and then go higher. The Daily & Weekly Bull cycles are currently projecting 4169.38 to 4186.44.
The 60 min Bull Cycles have exceeded their projections, so probably need a Bear Cycle to reset the projections. The Daily & Weekly are currently projecting 4169.38 to 4186.44.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-2 (due 2/11/23) the high is due tomorrow, however, the Daily is currently in D-E-2 (due 3/4/23) territory, if the D-E-2 is confirmed Friday at the close, projected high 4186.44, the high will be due 2/16/23. The Weekly remains in W-2 (due 3/16/24) territory, if the W-2 is confirmed Friday at the close, projected high 4169.38, high will be due 2/17/23.
SPX Cycles Quick Update. Today at the opening of the 7th hour the 60 min confirmed a 60-SC-2 (Extreme Overdue) the high is due tomorrow at the 6th hour. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, sell price above 37.18, until a 60-S-1 (Overdue) is confirmed. The Weekly is currently in W-2 territory with a projected high of 4169.38, so I will be holding my UPRO positions and will wait for the next 60-SC-2.
SPX Cycles End of the Day Reports & Charts. Tomorrow the upside is expected to continue. Tomorrow at the opening of the 7th hour there is the possibility of a 60-SC-2 (Extreme Overdue) high will be due Wednesday at the 6th hour. Tomorrow at the close there is the possibility of a Daily D-2 (due 2/11/23) the high will be due Wednesday, the Daily is currently in D-E-2 (due 3/4/23) territory, if confirmed Friday at the close, projected high 4186.44, the high will be due 2/16/23, keep in mind that the Daily D-SC-2 is overdue with a projected high of 4298.10. The Weekly closed today in W-2 (due 3/16/24) territory, if the W-2 is confirmed Friday at the close, projected high 4169.38, the high will be due 2/17/23, keep in mind that the W-E-2 & W-SC-2 are both overdue, the W-E-2 has a projected high of 4582.25, the W-SC-2 has a projected high of 4653.16. If the 60-SC-2 is confirmed tomorrow a UPRO Sell Signal will become active, sell price above 37.17, until a 60-S-1 (Overdue) is confirmed. If the Weekly remains in W-2 territory when the 60-SC-2 is confirmed, I will hold my UPRO.
SPX Cycles Quick Update. Today at the close of the 2nd hour the 60 min confirmed a 60-E-2 (Overdue), high due tomorrow at the 3rd hour, tomorrow at the opening of the 7th hour there is the possibility of a 60-SC-2 (Extreme Overdue), high will be due Wednesday at the 6th hour. Tomorrow at the close there is the possibility of a Daily D-2 (due 2/11/23), high will be due Wednesday, however the Daily is in D-E-2 (due 3/4/23) territory, if the D-E-2 is confirmed Friday at the close, projected high 4186.44, the high will be due 2/16/23, keep in mind that the D-SC-2 is overdue with a projected high of 4298.10. The Weekly is currently in W-2 territory, if the W-2 is confirmed Friday at the close, projected high 4169.38, the high will be due 2/17/23, keep in mind that the Weekly W-E-2 & W-SC-2 are overdue, the Weekly could be in W-E-2 territory next week, however it will be another 6 weeks before the W-E-2 can be confirmed with a projected high of 4582.25, the high won't be due for 17 more weeks (May 2023). If the Weekly W-2 is confirmed there will be a good possibility that the Monthly & Quarterly will confirm new Bull Cycles by the middle of February. So this could be a long Bull rally.
SPX Cycles End of the Day Reports & Charts. Monday at the close of the 2nd hour, there is the possibility of a 60-E-2 (Overdue) projected high 3983.10, high will be due Tuesday at the 3rd hour. Keep in mind that the 60 min 60-SC-2 is extremely overdue with a projected high of 4018.30. Tuesday at the close there is the possibility of a Daily D-2 (due 2/11/23) projected high 4024.42, the high will be due Wednesday. Keep in mind that the Daily D-SC-2 is overdue with a projected high of 4298.10. At the close of next week there is the possibility of a Weekly W-2 (due 3/16/24) projected high is 4169.38, the high will be due 2/17/23. Keep in mind that both the Weekly W-E-2, projected high 4582.25 and the W-SC-2, projected high 4653.16, are overdue.
SPX Cycles Update. Today at the close of the 5th hour the 60 min confirmed a 60-2 (due 1/25/23). Monday at the 2nd hour there is the possibility of a 60-E-2 (Overdue) , projected high 3983.10, the high will be due Tuesday at the 3rd hour. Keep in mind that the 60 min 60-SC-2 is extremely overdue. The Bull/Bear Strength Meter is now GREEN.
SPX Cycles Quick Update. Today at the close of the 2nd hour the 60 min confirmed a 60-SC-1 (Overdue) projected low 3857.10, the 60 min put in a low at 3885.54, then during the 3rd hour the 60 min confirmed a 60-S-2 (Overdue). Due to the confirmation of the 60-SC-1 a UPRO buy signal was active & a SPXU sell signal was active, however with the confirmation of the 60-S-2, they are no longer active.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-S-1 (due 2/13/23). Tomorrow at the close of the 2nd hour there is the possibility of a 60-SC-1 (Overdue) projected low 3857.10, the low will be due tomorrow at the 5th hour. If the 60-SC-1 is confirmed, a UPRO Buy Signal will become active, UPRO Buy price below 32.96, and a SPXU Sell Signal, sell price above 16.57. Also tomorrow there is the possibility of a Daily D-S-2 (due 2/22/23) projected high 3930.14, the high will be due tomorrow.
Bought. UPRO, 100 shares at 34.18, this is due to the 60-E-1 confirmation, also the 60-SC-2 is extremely overdue and a UPRO Sell Signal is also extremely overdue.
This data, which is located at the bottom of the "SPX Cycles Update Chart", might be useful. It shows the current strength of each timeframe (60 min, Daily, Weekly, Monthly, Quarterly & Yearly).
So by looking at the chart you can see the 60 min & Daily right now are bullish, the Weekly to Yearly are bearish.
However, we could see the Bear/Bull Strength meter turning green if the 60-SC-1 (which currently has 10 cycle points) gets confirmed. Notice that the 60-SC-2 currently has 16 cycles points, it is extremely overdue.
If you look at the Weekly you see the W-1 (average Weekly Bear Cycle) has 11 Cycle points, so the Weekly is really not all that bearish, the W-1 has a current projected low of 3701.24.
Looking at the Monthly the M-SC-1 has the most Cycle points, but I don't see a M-SC-1 getting confirmed during this Monthly Bear Cycle, we are currently in a M-1, not even close yet to a M-E-1.
At the Quarterly level the Q-SC-1 has the most Cycle points, it will probably be a few years before the Q-SC-1 gets confirmed.
The Yearly Y-1 & Y-SC-1 have the most cycle points, a new Yearly Bear Cycle probably won't happen for another 16 years.
Hope this is useful. This info is updated daily at the bottom of the "SPX Cycles Update chart".
I forgot to mention, today at the close there is the possibility of a Daily D-S-1 (due 2/13/23), the projected low has already been exceeded, the low will be due today.
SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-E-1 (Extreme Overdue). A UPRO Buy Signal is currently active until a 60-S-2 (Overdue) is confirmed, UPRO buy price below 34.27. Tomorrow at the close of the 2nd hour there is the possibility of a 60-SC-1 (Overdue) projected low 3857.10, the low will be due tomorrow at the 5th hour. If the 60-SC-1 is confirmed another UPRO Buy Signal will become active until a 60-S-2 (Overdue) is confirmed, UPRO buy price below 32.93, also if the 60-SC-1 is confirmed a SPXU Sell Signal will become active until a 60-S-2 (Overdue) is confirmed, SPXU sell price above 16.58.
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 3908.51, the low will be due tomorrow at the 5th hour. If the 60-E-1 is confirmed a UPRO Sell Signal will become active, buy price below 34.31. Tomorrow at the close there is the possibility of a Daily D-S-1 (due 2/13/23) projected low 3915.01, the low will be due tomorrow.
The 60-1 has been confirmed.
Your welcome.
SPX Cycles Updated. Today at the close of the 3rd hour the 60 min confirmed a 60-S-1 (due 1/18/23). Today at the close of the 5th hour there is the possibility of a 60-1 (due 1/18/23), tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (Extreme Overdue) projected low 3908.51, low will be due tomorrow at the 5th hour.
All of the 60 min Bull & Bear cycles are overdue or extreme overdue. So I expect a sideways move (range 3857.10 to 4082.55) for a bit, then a break out to the upside and a Weekly W-2 confirmation next week, with a projected high of 4169.38.
SPX Cycles End of the Day Reports & Charts. Today nothing happened. Tomorrow at the close of the 1st hour there is the possibility of either a 60-S-1 (due 1/18/23) projected low 3987.34 or a 60-E-2 (due 1/18/23) projected high 4046.79, if the 60-E-2 is confirmed, then at the opening of the 6th hour there will be the possibility of a 60-SC-2 (Extreme Overdue) projected high 4082.55, the high will be due Thursday at the 5th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, sell price above 39.11.
SPX Cycles End of the Day Reports & Charts. Today at the close the Daily confirmed a D-E-2 (Overdue) projected high 4096.89, the high is due 2/2/23. Monday is a holiday. Tuesday at the close of the 1st hour there is the possibility of a 60-E-2 (due 1/18/23) projected high 4046.79, the high will be due Wednesday at the 1st hour. Next week there is the possibility of a 60-SC-2 (Extreme Overdue) projected high 4082.55 and a UPRO Sell Signal, sell price above 39.09. The UPRO Bull Cycle is extremely overdue for a sell signal.
The 60 min 60-2 got confirmed & it looks like the Daily D-E-2 (Overdue) will get confirmed at the close.
SPX Cycles Quick update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (due 1/15/23) projected low of 3969.84 was exceeded, then during the 2nd hour the 60 min confirmed a 60-S-2 (due 1/16/23) projected high is 3982.04, today at the close of the 4th hour there is the possibility of a 60 min 60-2 (due 1/15/23) projected high 3998.29, the high will be due today at the 5th hour.