Friday, December 07, 2018 12:54:18 PM
The current confirmed Bull (Bull-E-2) & Monthly (M-E-2/M-SC-2) P2 phases have highs due April/May 2019. This chart shows that I have Weekly (W-E-2/W-SC-2) P2 Phases currently projected at the end of April that would support that.
But right now we are in an UNCONFIRMED Bear-S-1 & M-S-1. If these phases are confirmed at the close of the month, the Bull-E-2, M-E-2, & M-SC-2 phases would end and the above projected April/May highs could be in a new SPX Cycles Bull market.
Or, the Bear-S-1 & M-S-1 are negated before the close of the month. For the Bear-S-1 to be confirmed the SPX Monthly MACD (3,8,1) must close the month below the zero line, right now the MACD (3,8,1) is 25 pts below the zero line, which is in Strong Bear territory. For the M-S-1 to be confirmed the SPX must remain below 2807.77 (Monthly UTL) until the close of the month.
Looking at the possible projected phases from now to the end of the month, that could possibly negate the Bear-S-1 & M-S-1. There is as of today, only 1, that is the D-E-2 which has been overdue since 11/10/18. The D-E-2 current projected high range is 2728.77 to 2818.29. So the D-E-2 would have to 1) get confirmed & 2) get to the top of it's projected range.
If the current Daily P1 cycle drops below 2621.53, the D-E-2 projected high range will drop as well. The line in the sand would be 2611.01, below that and the D-E-2 would have to exceed it's projected high to negate the Bear-S-1 & M-S-1.
It's also possible that the Bear-S-1 could be negated and the M-S-1 be confirmed. That would then give us a nice monthly correction and the Bull Market would then remain in tact and the Bull-E-2 could then continue to it's April high.
But right now we are in an UNCONFIRMED Bear-S-1 & M-S-1. If these phases are confirmed at the close of the month, the Bull-E-2, M-E-2, & M-SC-2 phases would end and the above projected April/May highs could be in a new SPX Cycles Bull market.
Or, the Bear-S-1 & M-S-1 are negated before the close of the month. For the Bear-S-1 to be confirmed the SPX Monthly MACD (3,8,1) must close the month below the zero line, right now the MACD (3,8,1) is 25 pts below the zero line, which is in Strong Bear territory. For the M-S-1 to be confirmed the SPX must remain below 2807.77 (Monthly UTL) until the close of the month.
Looking at the possible projected phases from now to the end of the month, that could possibly negate the Bear-S-1 & M-S-1. There is as of today, only 1, that is the D-E-2 which has been overdue since 11/10/18. The D-E-2 current projected high range is 2728.77 to 2818.29. So the D-E-2 would have to 1) get confirmed & 2) get to the top of it's projected range.
If the current Daily P1 cycle drops below 2621.53, the D-E-2 projected high range will drop as well. The line in the sand would be 2611.01, below that and the D-E-2 would have to exceed it's projected high to negate the Bear-S-1 & M-S-1.
It's also possible that the Bear-S-1 could be negated and the M-S-1 be confirmed. That would then give us a nice monthly correction and the Bull Market would then remain in tact and the Bull-E-2 could then continue to it's April high.
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