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Possibility of 60 min 60-SC-2 at the opening of the 6th hour and a Daily D-E-2 at the close today.
If the 60-SC-2 is confirmed a UPRO Sell Signal becomes active, target price 72.93
Possibility of 60 min 60-SC-2 at the opening of the 6th hour and a Daily D-E-2 at the close today.
If the 60-SC-2 is confirmed a UPRO Sell Signal becomes active, target price 72.93
SPX Cycles Long Range Projection Chart. Today the Weekly W-S-2 put in a new cycle high at 5215.30, the projected high is 5353.73, the high is due tomorrow, however, the Weekly today at the close has entered W-2 (Overdue) territory, however, the duration requirements have not yet been reached, the W-2 is currently projected to be confirmed at the close on 5/17/24, the projected high will be 5506.18, the high will be due 6/7/24.
SPX Cycles Long Range Projection Chart. Today the Weekly W-S-2 put in a new cycle high at 5215.30, the projected high is 5353.73, the high is due tomorrow, however, the Weekly today at the close has entered W-2 (Overdue) territory, however, the duration requirements have not yet been reached, the W-2 is currently projected to be confirmed at the close on 5/17/24, the projected high will be 5506.18, the high will be due 6/7/24.
No, 60-SC-2 ended at the close on Tuesday.
It's possible we could be in a new 60-SC-2, current 60 min Bull Cycle will have to continue to Monday at opening of the 6th hour
60-S-2 confirmed 2nd hour
Possible 60-2 at close of 4th hour
Yesterday the UPRO Bull Cycle ended. Due to the confirmation of the 60-S-1 this morning at the close of the 1st hour, the 6th UPRO Bull Cycle ended yesterday at the close. The average yearly UPRO Bull Cycles is 13.83. This cycle lasted 31 trading days, the average cycle lasts 17.08 trading days. During this cycle there was 8 buy signals, the average cycle has 2.83 buy signals. During this cycle I added 5 positions (100 shares = 1 position) of UPRO, which is the max I can do during a UPRO Bull Cycle. I sold 4 positions. 1 position will be carried forward to the next UPRO Bull Cycle that starts today.
Yesterday the UPRO Bull Cycle ended. Due to the confirmation of the 60-S-1 this morning at the close of the 1st hour, the 6th UPRO Bull Cycle ended yesterday at the close. The average yearly UPRO Bull Cycles is 13.83. This cycle lasted 31 trading days, the average cycle lasts 17.08 trading days. During this cycle there was 8 buy signals, the average cycle has 2.83 buy signals. During this cycle I added 5 positions (100 shares = 1 position) of UPRO, which is the max I can do during a UPRO Bull Cycle. I sold 4 positions. 1 position will be carried forward to the next UPRO Bull Cycle that starts today.
Just following the system :)
Sold, UPRO, 400 shares at 67.11. This is due to the confirmation of the 60-SC-2.
Sold, UPRO, 400 shares at 67.11. This is due to the confirmation of the 60-SC-2.
Today at the opening of the 2nd hour the 60 min confirmed a 60-SC-2. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, price target 66.75 (reached). Today at the close possibility of a Daily D-2 (Overdue), the Daily is currently in D-E-2 (due 5/16/24) territory. The Weekly is currently in W-2 (Overdue) territory.
Today at the opening of the 2nd hour the 60 min confirmed a 60-SC-2. Due to the confirmation of the 60-SC-2 a UPRO Sell Signal is currently active, price target 66.75 (reached). Today at the close possibility of a Daily D-2 (Overdue), the Daily is currently in D-E-2 (due 5/16/24) territory. The Weekly is currently in W-2 (Overdue) territory.
No problem :)
Looks like tomorrow the 60-SC-2 has a good chance of getting confirmed.
D-S-2 only in it's 2nd trading day. Tomorrow at close possibility of D-2.
The Daily MACD (12,26,9) has not crossed above the zero line, which is required for D-E-2.
D-2 Duration requirement for D-E-2 to get confirmed is 6 trading days.
D-E-2 possible at close on Thursday.
For D-SC-2 to get confirmed the D-E-2 duration must be 21 trading days.
D-SC-2 possible at opening of 6/3/24.
SPX Cycles Long Range Projection Chart. Today the Weekly confirmed a new Bull Cycle (W-S-2) projected high 5353.73, the high is due 5/10/24. However, today at the close the Weekly is currently in W-S-1 (Weekly Short Bear Cycle) territory. So it's possible the Weekly could open Monday in an UNCONFIRMED W-S-1. For the W-S-1 to be confirmed the SPX will have to open Monday below the Weekly UTL (currently at 5137.13 and remain below the UTL until the close on Friday. If the W-S-1 is confirmed at the close on 5/10/24, the projected low will be 4852.34, the low will be due 5/10/24. However, with the 60 min 60-SC-2 (60 min Bull Super Cycle) extremely overdue with a projected high of 5182.27, I doubt the W-S-1 gets confirmed next week.
SPX Cycles Long Range Projection Chart. Today the Weekly confirmed a new Bull Cycle (W-S-2) projected high 5353.73, the high is due 5/10/24. However, today at the close the Weekly is currently in W-S-1 (Weekly Short Bear Cycle) territory. So it's possible the Weekly could open Monday in an UNCONFIRMED W-S-1. For the W-S-1 to be confirmed the SPX will have to open Monday below the Weekly UTL (currently at 5137.13 and remain below the UTL until the close on Friday. If the W-S-1 is confirmed at the close on 5/10/24, the projected low will be 4852.34, the low will be due 5/10/24. However, with the 60 min 60-SC-2 (60 min Bull Super Cycle) extremely overdue with a projected high of 5182.27, I doubt the W-S-1 gets confirmed next week.
The Weekly is back into bear territory, so a possibility of a new Bear Cycle next week.
With the confirmation of the W-S-2 the Weekly Bear Cycle projections have been reset.
But I believe the Weekly Bull Cycle will continue next week, the 60 min Bull Super Cycle is extremely overdue.
Closing above 5138 will be a good sign. The W-S-2 projected high is 5353.73, due 5/10/24, so next week could be huge on the upside.
Today a new Daily & Weekly Bull Cycle has been confirmed.
Today a new Daily & Weekly Bull Cycle has been confirmed.
I expect to see new ATH this month. 3 of the 4 Daily bull cycles are either overdue or due this month.
SPX Cycles End of the Day Reports & Charts. Today at the close the 60 min confirmed a 60-E-1 (Overdue). Due to the confirmation of the 60-E-1 a UPRO Buy Signal is currently active, target price 59.62. This is the 8th buy signal of this UPRO Cycle, the average is 2.83 buy signals per cycle. Tomorrow at the close there is the possibility of a 60 min 60-SC-1 (due 5/17/24). If the 60-SC-1 is confirmed another UPRO Buy Signal will become active, target price 57.22, also a SPXS Sell Signal, target price 11.99.