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Re: snootmagruder post# 9786

Friday, 03/22/2019 11:21:01 AM

Friday, March 22, 2019 11:21:01 AM

Post# of 10312
Snoot, I'm looking for more on the upside. I believe we see new ATH by July. My SPX Cycle projected phases, just doesn't support a large down move at this time. Yes, I do have some very large overdue down phases, but for them to get confirmed the 60 min, Daily & Weekly phases are going to have to have a sustained down move, right now my system is well into Bull territory, not seeing much downward pressure. The SPX Monthly MACD (12,26,9) is just too high above it's zero line to get a Monthly extended down phase confirmed anytime soom. The Monthly MACD leading indicator is currently trending downward, but I expect when we get into April, it will start heading back upward, as there are some large Daily & Weekly upward phases coming due. I believe 2346.58 is the low this year, for 2020 I currently have a low projected at 2368.62, but I expect that to be adjusted upward. We could hit 2655 before the end of this month, before heading to ATH. I'm looking at the SPX hitting 3400 by July.



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