CHARTS_CCI_SYSTEM

[northam43]

The Weekly is in what I call the neutral zone (between the upper and lower trend lines) it could easily get back into Bull territory at this point, all we need is a 60 min 60-E-2 which is extremely overdue and the 60-SC-2 is also extremely overdue.

Hopefully they hold off until next week.

If the Weekly does confirm a Bear Cycle this week, it could be a very short one and the low could be in this week. If the Bear Cycle is confirmed the Weekly Bull Cycle projections will be reset. If the Weekly stays above the last bear cycle low, the Bull projections will be reset higher.

Bottom line: At this point I don't see a cliff dive, I do see the potential for a very large upside move. The Weekly indicators are within easy striking distance of an extended Bull Cycle. However, there is a possibility of a Weekly W-1 (Extreme Overdue) projected low 3867.20, the earliest the W-1 can be confirmed is 3/10/23. But there are 2 60 min Bull Cycles & 1 Daily Bull cycle that could negate the W-1 and even negate the Weekly Bear Cycle from happening.