Thursday, December 19, 2019 4:47:18 PM
End of the Day Report:
Today the SPX made another ATH at 3205.48
The SPX 60 min, Daily, Weekly, Monthly, and Quarterly are currently in an Extreme OB Condition. That's about as overbought as it gets, the Yearly will never be in an Extreme OB Condition in my system, because I don't have an indicator to measure the Extreme OB Condition in that time frame.
The SPX Yearly remains in an OB Condition.
If the SPX 60 min 60-SC-2 continues tomorrow, I will try and sell my last Bull Cycle SPXL position.
Then I will have to wait for a 60-E-1 & 60-SC-1 to start reloading.
Unless we get a 200 point drop by the end of the year, the SPX Monthly is still on track to confirm a M-E-2 at the close of the year with a projected high of 3986.47, the high will be due 12/31/2020. We are up 700 pts this year, we could go up 800 pts next year.
Today the SPX made another ATH at 3205.48
The SPX 60 min, Daily, Weekly, Monthly, and Quarterly are currently in an Extreme OB Condition. That's about as overbought as it gets, the Yearly will never be in an Extreme OB Condition in my system, because I don't have an indicator to measure the Extreme OB Condition in that time frame.
The SPX Yearly remains in an OB Condition.
If the SPX 60 min 60-SC-2 continues tomorrow, I will try and sell my last Bull Cycle SPXL position.
Then I will have to wait for a 60-E-1 & 60-SC-1 to start reloading.
Unless we get a 200 point drop by the end of the year, the SPX Monthly is still on track to confirm a M-E-2 at the close of the year with a projected high of 3986.47, the high will be due 12/31/2020. We are up 700 pts this year, we could go up 800 pts next year.
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