SPX Cycles

[northam43]

SPX Cycles End of the Day Reports & Charts. Today the Weekly closed in Bear territory. Next week the Weekly will have to remain below the Weekly UTL (currently at 4470.14) until the close on Friday for the Weekly W-S-1 (due 9/6/23) to get confirmed, projected low 4349.85, the low will be due next week. Right now all of the 60 min Bull cycle projections are above 4470.14, the the chances of the W-S-1 getting confirmed next week currently look very slim. Monday at the close of the 3rd hour there is the possibility of a 60 min 60-SC-1 (due 9/1/23) projected low 4348.90, the low will be due Monday at the 6th hour. If the 60-SC-1 is confirmed a UPRO Buy Signal will become active, buy price below 43.67, also a SPXU Sell Signal, sell price above 11.47. Also the 60-E-1 UPRO Buy Signal remains active with a buy price below 45.51. Monday at the close there is the possibility of a Daily D-E-1 (Extreme Overdue) projected low 4251.05, the low will be due Monday. If the 60-SC-1 is confirmed on Monday, that will eliminate 4 60 min Bear points, making the 60 min level very bullish at +21. If the D-E-1 gets confirmed Monday, that will eliminate 10 Daily Bear Points which the Daily level will remain bearish at -10. However, if the D-E-1 doesn't get confirmed and the Daily Bear Cycle ends as a D-1, 16 Bear points will be eliminated and the Daily level will remain slightly bearish at -5. So next week will be very interesting to see how this plays out.