CHARTS_CCI_SYSTEM

[northam43]

The SPX Weekly in currently in Bear territory. It will have to remain in Bear territory until the close of next Friday for a Weekly Bear Cycle to get confirmed. The current projected low W-S-1 is 4349.85. SPX at or above 4470.14 (as of today) negates the Weekly Bear Cycle. The Weekly W-1 (Extremely Overdue) projected low 4246.63 is worth 11 Bear points. Right now the Weekly is Bearish at -10. If we do get the Weekly W-S-1 confirmed next week, that will reset the Weekly Bull Cycle projections. A Weekly Bear Cycle will likely delay new ATH until November/December.