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SPX Cycles Long Range Projection Chart. The Weekly remains OB. Today the Weekly, Monthly, & Quarterly again put in a new cycle high at 4802.40. At the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/25. At the open on 4/8/24, there is the possibility of a Weekly W-SC-2 (Extreme Overdue) projected high 5072.54, the high will be due 5/17/24. At the close on 3/31/26, there is the possibility of a Quarterly Q-E-2 (due 6/8/29) projected high 19001.05, the high will be due 9/30/2030. At the opening on 1/1/36, there is the possibility of a Yearly Y-SC-2 (due 12/7/69) projected high 15308.39, the high will be due 12/31/41.
SPX Cycles Long Range Projection Chart. The Weekly remains OB. Today the Weekly, Monthly, & Quarterly again put in a new cycle high at 4802.40. At the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/25. At the open on 4/8/24, there is the possibility of a Weekly W-SC-2 (Extreme Overdue) projected high 5072.54, the high will be due 5/17/24. At the close on 3/31/26, there is the possibility of a Quarterly Q-E-2 (due 6/8/29) projected high 19001.05, the high will be due 9/30/2030. At the opening on 1/1/36, there is the possibility of a Yearly Y-SC-2 (due 12/7/69) projected high 15308.39, the high will be due 12/31/41.
SPX Cycles End of the Day Reports & Charts. The Weekly remains OB. Tuesday at the close of the 1st hour there is the possibility of a 60 min 60-S-1 (due 1/17/24) projected low 4756.06, the low will be due at the 1st hour. If the 60-S-1 doesn't get confirmed, then there will be the possibility of a 60 min 60-2 (due 1/23/24) at the close of the 1st hour, projected high 4831.42 (ATH). Tuesday at the close there will be the possibility of a Daily D-E-2 (Overdue) projected high 5046.83 (ATH), the high will be due 2/1/24.
SPX Cycles Quick Update. Today at close of the 4th hour the 60 min confirmed a 60-S-1 (due 1/16/23) projected low 4768.85, it put in a low at 4770.25. Then during the 5th hour a 60-S-2 (Overdue) has been confirmed projected high 4811.78.
SPX Cycles Long Range Projection Chart. The Weekly remains OB. Today the Weekly, Monthly & Quarterly put in a new cycle high at 4798.50. At the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/25. At the open on 4/8/24, there is the possibility of a Weekly W-SC-2 (Extreme Overdue) projected high 5072.54, the high will be due 5/17/24. At the close on 3/31/26, there is the possibility of a Quarterly Q-E-2 (due 6/8/29) projected high 19001.05, the high will be due 9/30/2030. At the opening on 1/1/36, there is the possibility of a Yearly Y-SC-2 (due 12/7/69) projected high 15308.39, the high will be due 12/31/41.
SPX Cycles Long Range Projection Chart. The Weekly remains OB. Today the Weekly, Monthly & Quarterly put in a new cycle high at 4798.50. At the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/25. At the open on 4/8/24, there is the possibility of a Weekly W-SC-2 (Extreme Overdue) projected high 5072.54, the high will be due 5/17/24. At the close on 3/31/26, there is the possibility of a Quarterly Q-E-2 (due 6/8/29) projected high 19001.05, the high will be due 9/30/2030. At the opening on 1/1/36, there is the possibility of a Yearly Y-SC-2 (due 12/7/69) projected high 15308.39, the high will be due 12/31/41.
SPX Cycles End of the Day Reports & Charts. The Weekly remains OB. Today at the close the 60 min confirmed a 60-2 (Overdue) projected high 4800.36, the high is due tomorrow at the 1st hour. Tomorrow at the close of the 1st hour there is the possibility of a 60-S-1 (due 1/16/24) projected low 4752.61, the low will be due tomorrow at the 1st hour. If the 60-S-1 is not confirmed. Then tomorrow at the close of the 4th hour there is the possibility of a 60-E-2 (due 1/16/24) projected high 4858.59 (ATH), the high will be due Tuesday at the 5th hour.
UPRO Bull Cycle ended today. Due to the confirmation of the 60-S-1, the 1st UPRO Bull Cycle completed this year has ended. The average cycles per year is 13. This cycle lasted 9 trading days. The average cycle lasts 16.25 trading days. During this cycle there was 2 buy signals. The average cycle has 2.76 buy signals. During this cycle I bought 200 shares of UPRO at 53.05 and sold 200 shares of UPRO at 54.82, 600 shares of UPRO and 100 shares of SPXL will be carried forward to the next UPRO Bull Cycle that starts tomorrow.
SPX Cycles Update. The Weekly remains OB. The UPRO Sell Signal is no longer active. Today at the close of the 3rd hour the 60 min confirmed a 60-S-1 (Extreme Overdue) projected low 4764.98 (reached). Today at the close of the 5th hour there is the possibility of a 60-1 (due 1/18/24) projected low 4740.93 (reached), the low will be due today at the 5th hour.
SOLD, UPRO, 200 shares at 54.82, this is due to the confirmation of the 60-SC-2
SOLD, UPRO, 200 shares at 54.82, this is due to the confirmation of the 60-SC-2
SPX Cycles Update. The 60 min & Weekly remain OB. Today at the opening of the 5th hour the 60 min confirmed a 60-SC-2 (due 1/14/24) projected high 4842.09 (ATH), the high is due tomorrow at the 4th hour. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active above 56.92. Today at the close there is the possibility of a Daily D-2 (Overdue) projected high 4853.30, the high will be due tomorrow.
SPX Cycles End of the Day Reports & Charts. The 60 min & Weekly remain OB. Tomorrow at the opening of the 5th hour there is the possibility of a 60-SC-2 (due 1/14/24) projected high 4842.09, the high will be due Thursday at the 4th hour. If the 60-SC-2 is confirmed a UPRO Sell Signal will become active above 56.92. Tomorrow at the close there is the possibility of a Daily D-2 (Overdue) projected high 4853.30, the high will be due Thursday.
SPX Cycles Update. The Weekly remains OB. Today during the 6th hour the Daily confirmed a D-S-2 (Overdue) projected high 4842.27 (ATH), the high is due today. Today at the close there is the possibility of a 60 min 60-E-2 (Overdue) projected high 4799.67, the high will be due Wednesday at the 1st hour.
SPX Cycles Update. The Weekly remains OB. Today at the close of the 3rd hour the 60 min confirmed a 60-2 (Overdue) projected high 4742.15. Today at the close there is the possibility of a 60 min 60-E-2 (Overdue) projected high 4799.67, the high will be due Wednesday at the 1st hour. Today during the trading day there is the possibility of a Daily D-S-2 (Overdue) projected high 4842.27, the high will be due today.
SPX Cycles Update. The Weekly remains OB. Today at the close of the 4th hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4688.51 (reached). Today at the close of the 6th hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4664.84, the low will be due today at the 6th hour.
SPXU Bear Cycle Ended. Due to the confirmation of the 60-S-2 the 1st SPXU Bear Cycle of this year has been completed. The average # of SPXU BEAR Cycles per year is 11.43. This cycle lasted 47 trading days. The average cycle lasts 25.07 trading days. During this cycle there was 1 Buy Signal (D-SC-2). The average cycle has 0.21 Buy Signals. The next D-SC-2 is due 5/16/24. During this cycle I didn't buy or sell any SPXU. The next SPXU Bear Cycle starts tomorrow.
SPX Cycles Update. The Weekly remains OB. Today during the 2nd hour the 60 min confirmed a 60-S-2 (Extreme Overdue) projected high 4728.34. Today at the close of the 4th hour there is the possibility of a 60-S-1 (Overdue) projected low 4688.51, the low will be due today at the 4th hour. Today at the close of the 6th hour there is the possibility of a 60 min 60-1 (Extreme Overdue) projected low 4664.81, the low will be due today at the 6th hour.
We shall see what they will do with the jobs report.
Finally got the Daily D-1 confirmed today. Now will it stick or does the Daily continue down to the D-E-1 (Overdue) projected low 4421.32. The Daily D-S-2, D-2 & D-E-2 are all overdue. So I expect the Daily should head for Bull country. We shall see.
SPX Cycles End of the Day Reports & Charts. The Weekly remains OB. The UPRO Buy Signal remains active below 49.10. The SPXU Sell Signal remains active above 9.57. Today at the close the Daily confirmed a D-1 (Extreme Overdue) projected low 4652.12. Tomorrow during the trading day there is the possibility of a 60-S-2 (Extreme Overdue) projected high 4728.34.
SPX Cycles End of the Day Reports & Charts: Weekly remains OB. The UPRO Buy Signal remains active below 49.09. Tomorrow during the trading day there is the possibility of a 60 min 60-S-2 (Extreme Overdue) projected high 4740.63. Tomorrow at the close there is the possibility of a Daily D-1 (Extreme Overdue) projected low 4652.12, the low was due today.
Bought, UPRO, 100 shares at 52.81, this is due to the 60-SC-1 confirmation, Weekly, Monthly are in long term Bull Cycles.
Bought, UPRO, 100 shares at 52.81, this is due to the 60-SC-1 confirmation, Weekly, Monthly are in long term Bull Cycles.
With the bounce going into the close, tomorrow could be huge upside. Could get a new Daily Bull Cycle D-S-2 (Overdue) projected high 4884.22, the high will be due tomorrow.
SPX Cycles End of the Day Reports & Charts. The Weekly remains OB. Today at the close the 60 min confirmed a 60-SC-1 (Overdue) projected low 4604.35, the low is due tomorrow at the 3rd hour. Due to the confirmation of the 60-SC-1 another UPRO Buy Signal is currently active below 49.04. Tomorrow during the trading day there is the possibility of a Daily D-S-2 (Overdue) projected high 4884.22, the high will be due tomorrow. If the D-S-2 is confirmed the 60 min could confirm a 60-E-2 (Overdue) projected high 4841.25.
Bought, UPRO, 100 shares at 53.285, this is due to the confirmation of the 60-E-1
Bought, UPRO, 100 shares at 53.285, this is due to the confirmation of the 60-E-1
Looks like a Daily Bear Cycle D-S-1 (Overdue) is going to get confirmed today at the close.
Projected low 4670.70, the low is due today.
I hope it continues down to the D-1 (Extreme Overdue) projected low 4652.12.
So the Daily Bull Cycle projections should be reset today at the close.
SPX CYCLES BEGINNING OF THE YEAR UPDATE: The Daily & Weekly remain OB. The SPXU Buy Signal remains active below 9.77. The Yearly Bull Cycle Y-E-2 continues in it's 15th year, projected high 10331.27 (ATH), the high is due 12/31/34. The Quarterly Bull Cycle Q-2 continues in it's 5th Quarter, projected high 7596.37(ATH), the high is due 3/31/25. The Monthly Bull Cycle M-2 continues in it's 9th month, projected high 5580.16 (ATH), at the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28 (ATH), the high will be due 2/28/25. The Weekly Bull Cycle W-E-2 continues in it's 9th week, projected high 4986.27 (ATH), the high is due 3/22/24. Today at the close there is the possibility of a Daily D-S-1 (Overdue) projected low 4670.70, the low will be due today. Today at the close of the 1st hour the 60 min confirmed a 60-E-1 (Overdue) projected low 4665.71. Due to the confirmation of the 60-E-1 a UPRO Buy Signal is currently active below 51.11. Today at the close there is the possibility of a 60-SC-1 (Overdue) projected low 4604.35, the low will be due tomorrow at the 3rd hour. If the 60-SC-1 gets confirmed another UPRO Buy Signal will become active below 49.02 and a SPXU Sell Signal will become active above 9.54.
SPX Cycles End of the Year Report:
End of the Year 60 min cycle averages:
As you can see the cycles have been very consistent over the period 2011 to 2023. I expect that trend will continue.
Significant changes from 60 min Cycles from 2022 to 2023:
The average # of 60 min cycles (Bull/Bear) for All Years is 124.46, in 2022 there was only 113 60 min cycles, and this year it was up 4 cycles to 117, which indicates more extended cycles getting confirmed.
The % gain (Bull Cycles) from 2022 to 2023 dropped from 2.61% to 1.56%, the % decline (Bear Cycles) dropped from 2.70% to 1.35%. Note that the % gain & % decline is just below the All Years % gain & % decline, so pretty consistent.
The projected accuracy (Bear Cycles) from 2022 to 2023 dropped from -69.79 to -23.57, this means that the 60 min Bear Cycles on average exceeded their projections, but this year they exceeded them on average by a lesser amount. The projected accuracy is well above the All Years projected accuracy of -3.31, so SPX Cycles 60 min Bear Cycles on average greatly exceed the Bear Cycle projections.
The projected accuracy (Bull Cycles) from 2022 to 2023 dropped from 69.67 to 29.03, this means that the 60 min Bull Cycles on average exceeded their projections, but this year they exceeded them on average by a lesser amount. The projected accuracy is well above the All Years projected accuracy of 3.02, so SPX Cycles 60 min Bull Cycles on average greatly exceed the Bull Cycle projections.
Looking at the 60 min Cycle Points and Cycle Hours:
In 2022 the Bear Cycles averaged 8 more Cycle Points than the Bull Cycles.
This year the Bull Cycles averaged 7 more Cycle Points than the Bear Cycles.
SPX Cycles Portfolio:
2023 has been the best year ever for SPX Cycles.
During 2023 there was 1700 shares of UPRO Bought for a total 69733.00 & 2000 shares sold for a total of 120531.50
Outlook for 2024:
It looks like 2024 should be even a better year. The SPX is projected to reach 5000 by May and possibly 5500 to 6000 by the end of 2024.
January 2024 The Yearly Y-E-2 will continue in it's 15th year, projected high 10331.27, the high is due 12/31/2034
January 2024 The Quarterly Q-2 will continue in it's 5th Quarter, projected high 7596.37, the high is due 3/31/2025
March 2024 the Monthly is projected to confirm a M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/2025
April 2024 the Weekly is projected to confirmed a W-SC-2 (Extreme Overdue), projected high 5072.54, the high will be due 5/17/24
SPX Cycles Long Range Projection Chart. The Weekly remains OB. Today the Weekly confirmed a W-E-2 (Overdue) projected high 4986.27, the high is due 3/22/24. At the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/25. At the open on 4/8/24, there is the possibility of a Weekly W-SC-2 (Extreme Overdue) projected high 5072.54, the high will be due 5/17/24. At the close on 3/31/26, there is the possibility of a Quarterly Q-E-2 (due 6/8/29) projected high 19001.05, the high will be due 9/30/2030. At the opening on 1/1/36, there is the possibility of a Yearly Y-SC-2 (due 12/7/69) projected high 15308.39, the high will be due 12/31/41.
SPX Cycles Long Range Projection Chart. The Weekly remains OB. Today the Weekly confirmed a W-E-2 (Overdue) projected high 4986.27, the high is due 3/22/24. At the close on 3/29/24, there is the possibility of a Monthly M-E-2 (due 3/4/24) projected high 6473.28, the high will be due 2/28/25. At the open on 4/8/24, there is the possibility of a Weekly W-SC-2 (Extreme Overdue) projected high 5072.54, the high will be due 5/17/24. At the close on 3/31/26, there is the possibility of a Quarterly Q-E-2 (due 6/8/29) projected high 19001.05, the high will be due 9/30/2030. At the opening on 1/1/36, there is the possibility of a Yearly Y-SC-2 (due 12/7/69) projected high 15308.39, the high will be due 12/31/41.
SPX Cycles End of the Day Reports & Charts. The Daily & Weekly remain OB. The SPXU Buy Signal remains active below 9.72. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (Extreme Overdue) projected low 4735.79. Tuesday at the close of the 1st hour there is the possibility of a 60-E-1 (Overdue) projected low 4665.71, the low will be due Tuesday at the 3rd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active below 51.18, this will be the 1st buy signal of the new year. Today at the close the Weekly confirmed a W-E-2 (Overdue) projected high 4986.27, the high is due 3/22/24.
SPX Cycles Quick update. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4759.82. Today at the close of the 3rd hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4735.79, the low will be due today at the 3rd hour. There is a slight possibility of a 60 min 60-E-1 (due 12/30/23) today at the close of either the 6th or 7th hour with a projected low of 4665.71, the low will be due Tuesday at the 3rd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active below 51.08, it will become the 2nd UPRO Buy Signal of the UPRO Bull Cycle that is ending today. I will be out the rest of today, so the next report will be the end of the day report after the market has closed. This weekend I will provide an SPX Cycles end of the year report.