CHARTS_CCI_SYSTEM

[northam43]

NASARAVI,

Yes, it's looking like the W-E-2 will get confirmed Friday, unless of course we have a large down turn, that will take the Weekly EMA 3 below it's UTL.

I don't see the W-E-2 going to 9/4/20, which is when the high will be due.

The Daily has 2 extreme overdue down phases (D-1 & D-E-1) with a projected low of 2924.20.

There is also 3 overdue Weekly down phases, the W-S-1 & W-1, I expect 1 or both of them in the next month or so, with a projected low of 2980.18. The W-SC-1 is probably not going to happen for a long long time.

If we get both the W-S-1 & W-1 between now and September, the SPX Monthly would then likely confirm a M-S-1 & possibly a M-1 which is extremely overdue with a projected low of 2649.62

If we can get the D-E-1 out of the way and possibly the W-1, we could avoid a Monthly down phase and possibly get the M-2 confirmed at the end of August and go to SPX 3500 by the end of the year.