SPX Cycles Update. Today at the close of the 4th hour the 60 min confirmed a 60-S-1 (Overdue) projected low 4427.34. Today at the close the Daily is expected to confirm a D-E-2 (due 7/23/23) projected high 4663.25, the high will be due 7/24/23.
The 60 min today could either confirm a 60-1 (Extreme Overdue) projected low 4404.99, the low will be due today at the 6th hour or a 60-S-2 (Overdue) projected high 4481.30.
Due to the confirmation of the 60-S-1, the UPRO Bull Cycle has ended today. This was the 8th UPRO Bull Cycle this year, the average per year is 13.8. This cycle lasted 11 trading days, the average is 17.73 trading days. During this cycle there was 4 buy signals, the average for a cycle is 2.8 buy signals. During this cycle I added 1 UPRO position at 45.18. I didn't sell any UPRO or SPXL during this cycle.
The 60 min today could either confirm a 60-1 (Extreme Overdue) projected low 4404.99, the low will be due today at the 6th hour or a 60-S-2 (Overdue) projected high 4481.30.
Due to the confirmation of the 60-S-1, the UPRO Bull Cycle has ended today. This was the 8th UPRO Bull Cycle this year, the average per year is 13.8. This cycle lasted 11 trading days, the average is 17.73 trading days. During this cycle there was 4 buy signals, the average for a cycle is 2.8 buy signals. During this cycle I added 1 UPRO position at 45.18. I didn't sell any UPRO or SPXL during this cycle.
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