CHARTS_CCI_SYSTEM

[northam43]

We are in the 40th trading day of this SPXU Bear Cycle, the SPXU Bear Cycle average is 30.29 trading days. So a SPXU Bear Cycle sell signal has been overdue. The SPXU sell signal is the 60 min 60-SC-1 which is overdue, it looks like it could get confirmed today at the close of the 6th hour with a projected low of 3973.48, the low will be due tomorrow at the 2nd hour.

Tomorrow at the close there is the possibility of a Daily D-1 (due 3/1/22) projected low has already been exceeded, there is the possibility of a Daily D-E-1 (due 2/22/23) at the close on Friday with a projected low of 3827.56, the low will be due 3/3/23.

However, on the Bull side the 60 min 60-E-2 & 60-SC-2 are both extreme overdue, the 60-E-2 has a current projected high of 4108.90 and the 60-SC-2 (which is the UPRO sell signal) has a current projected high of 4145.21. Either one of them could get the Daily & Weekly back into Bull territory.