CHARTS_CCI_SYSTEM

[northam43]

Tomorrow the SPX Daily could get the extreme overdue D-2 (average Bull phase) confirmed. Currently there are no overdue 60 min/Daily P1 (Bear) phases. By Monday all 4 of the 60 min bear phases will be overdue. The next Daily bear phase (D-1) is due the 14th.

If the D-2 gets confirmed tomorrow, the only other Daily bull phase overdue is the large D-E-2. With the Daily MACD (12,26,9) still well below the zero line, the chances of a D-E-2 during this Daily cycle is slim.

The are 2 Daily bear phases due the 1st (D-E-1) & 13th (D-S-1) of May. I would say the large D-E-1 would be the most likely with the MACD already below the zero line. The D-E-1 can drop 200 points in 8 days.

The Daily D-SC-2 is due 5/30/20 which could be a gain of 255 points in 31 days.