I think any move down will be short lived. There is not much Bear support at the 60 min level. Right now at the 60 min level the Bulls have 23 between cycle points the Bears only have 6 between cycle points.
The 60 min 60-2 has 17 between cycle points, meaning it has been 17 cycles since a 60-2 has been confirmed, the average for the 60-2 is 5.
At the Daily level the Daily Bear Cycles have 14 between cycle points, the Daily Bulls have 9 between cycle points. The average Bear between cycle points is 23, the average Bull between cycle points is 20. The Daily cycle with the largest between cycle points is the Bull Cycle D-SC-2 which has 6 between cycle points, the D-SC-2 average between cycle points is 10. So at the Daily level it is pretty balanced.
At the Weekly level it is 14 to 7 in the Bears favor. However, 13 of the 14 Bear points are at the Weekly W-S-1/W-1 level, which are the short term Bear Weekly cycles. Of the 7 Bull points 5 of them are at the W-E-2/W-SC-2 which is the extended Weekly Bull Cycles. The average Weekly Bear between cycle points is 20, the average Weekly Bull between cycle points is 13. The current Weekly W-2 has 0 between cycle points because the last Weekly Bull Cycle (7/25/22) ended as a W-2. So if the current Weekly W-2 ends this week, the Weekly Bulls will still have 7 between cycle points. So I would say the Weekly is also balanced at the present time, but is starting to lean more in the Bulls favor.
The Bull Weekly extended cycles last between 9 to 30 weeks.
AI
Market Data 
Markets 
