Hi Emptyhead, I appreciate that.
Unless the SPX explodes to the upside over the next 2 weeks, it's likely the Monthly confirms a Bear Cycle at the close of this month. Then the question is, how long will it last. Right now it's just a one month Monthly Bear Cycle.
If that becomes the case, then the Quarterly could make another bull leg during the next Monthly Bull Cycle. It could be a very explosive bull leg, taking the SPX to the 7800 level, which is the Quarterly projected high.
The Yearly Bull Cycle is currently showing a little weakness as it has moved below it's EMA 3, but I have said a while back that the Yearly is due for a drop to it's UTL which is currently at 3214.30. But it may hold off doing that until the Quarterly high has been put in, then it will drop down as part of the Quarterly Bear Cycle maybe in 2024. Then after the Quarterly Bear Cycle is complete, the SPX will even become more explosive with a new Quarterly Bull Cycle and head to the Yearly projected high at 13,000 which is due in 2034.
