Tuesday, July 24, 2018 11:24:54 AM
Current Overdue Phases Report:
Looking at the Extreme Overdue Phases, the 60-SC-1 is way overdue, getting close to record cycles between phases. The D-SC-2 has a good chance of getting confirmed at the open on 8/6/18. I don't expect to see the W-SC-1 anytime soon, possibly 2019 or 2020, a W-S-1, W-1, & W-E-1 will have to get confirmed before a W-SC-1.
On the Overdue List, the Bull-E-2 & M-E-2 are currently in progress, so when they come to an end their cycle will be reset to zero. Besides the Bull-E-2 & M-E-2 there is only one other up phase which is the W-E-2, right now the Weekly is in W-E-2 territory, but the earliest a W-E-2 can be confirmed is 8/31/18. The W-2 (due 9/16/19) is expected to be confirmed at the close on Friday. If you notice on the overdue list there are 3 of the 4 Monthly P1 (down phases) overdue, the 4th one is due in November, so I expect we will get a Monthly P1 (down phase) by the end of this year, that would end the Monthly M-E-2 phase & possibly end the Bull-E-2 phase as well (if a M-1 is confirmed).
Of the 15 Extreme Overdue & Overdue Phases, 9 of them are P1's (down phases), 6 of the 9 are Weekly & above P1 phases (large down phases), get my drift? The Bear is coming. But I believe we will either see a double top at 2872.87, by 8/16/18 or a new SPX record high, which could extend the Bull market another leg up, and taking the Bull market into 2019/2020 to the 3500/4000 level.
Looking at the Extreme Overdue Phases, the 60-SC-1 is way overdue, getting close to record cycles between phases. The D-SC-2 has a good chance of getting confirmed at the open on 8/6/18. I don't expect to see the W-SC-1 anytime soon, possibly 2019 or 2020, a W-S-1, W-1, & W-E-1 will have to get confirmed before a W-SC-1.
On the Overdue List, the Bull-E-2 & M-E-2 are currently in progress, so when they come to an end their cycle will be reset to zero. Besides the Bull-E-2 & M-E-2 there is only one other up phase which is the W-E-2, right now the Weekly is in W-E-2 territory, but the earliest a W-E-2 can be confirmed is 8/31/18. The W-2 (due 9/16/19) is expected to be confirmed at the close on Friday. If you notice on the overdue list there are 3 of the 4 Monthly P1 (down phases) overdue, the 4th one is due in November, so I expect we will get a Monthly P1 (down phase) by the end of this year, that would end the Monthly M-E-2 phase & possibly end the Bull-E-2 phase as well (if a M-1 is confirmed).
Of the 15 Extreme Overdue & Overdue Phases, 9 of them are P1's (down phases), 6 of the 9 are Weekly & above P1 phases (large down phases), get my drift? The Bear is coming. But I believe we will either see a double top at 2872.87, by 8/16/18 or a new SPX record high, which could extend the Bull market another leg up, and taking the Bull market into 2019/2020 to the 3500/4000 level.
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