NASARAVI,
The 60-SC-2 hasn't ended yet.
The Daily MACD (12,26,9) is still 46 points below the zero line, yesterday it closed 67 points below the zero line. If the SPX continues climbing at the current rate, the D-E-2 should be confirmed on the 14th.
60 min Bear Cycles status: The 60-S-1 is overdue, the 60-E-1 is due the 9th, the 60-SC-1 is due the 13th & the 60-1 is due the 15th.
60 min Bull Cycle status: Currently in 60-E-2/60-SC-2, the 60-2 is extremely overdue, and the 60-S-2 is overdue.
Daily Bull cycle status: Currently in D-2 (Extremely Overdue), the D-E-2 is overdue, the rest of the Daily bull phases are not due until May.
Daily Bear cycle status: The D-1 is due the 14th, the rest of the Daily bear phases are due May & October (D-SC-1)
The D-E-2 is possible during the current Daily cycle, there are some bearish head winds that could stall it and even reverse course. The Bear buy/sell cycle will be due for a sell signal on Tuesday.
If the SPX continues upward, that would be fine by me, I still have 4 Bull Cycle (SPXL) positions.
Now, lets say the SPX continues upward to the 2935 level and a new Weekly bull cycle is confirmed. That would then negate the Weekly W-SC-1. Which would likely not be very bullish. The Weekly W-S-2 is extremely overdue, so if we confirmed the W-S-2, we would likely then decline into a W-1, that would put the Weekly MACD (12,26,9) a lot deeper below the Weekly MACD zero line. That would mean the W-SC-1 would become more likely in the next Weekly Bear Cycle and the projected low could be around 1700 if the SPX makes it up to the 3000 level.
Lindy
