SPX Cycles

[northam43]

Due to the confirmation of the 60-S-1 this morning, the 10th UPRO Bull Cycle this year has ended. The average UPRO Bull Cycles per year is 14.2, so that means we could have 4 or more cycles this year. This cycle lasted 4 trading days, the average is 17.29 trading days, so it was a very short cycle, I expect the next one will be more average, the last 6 cycles have been below average. During this cycle there was no buy signals, the average cycle has 2.74 buy signals. This year there has been 31 buy signals, an average of 3 buy signals per cycle. If you look at the signal chart, at the sell (UPRO) & the buy (UPRO), you will see that all 31 buy signals have been profitable. I have only bought 8 of them so far this year, guess I need to trust my system more, LOL!!! During this cycle I sold 1 UPRO position (it had gained more than 10%). This year I have sold 1100 shares of UPRO for a 57.06% gain. Tomorrow a new UPRO Bull Cycle starts, I expect it to be average, the next 60-SC-2 (Sell Signal) is not due until 8/10/23.