CHARTS_CCI_SYSTEM

[northam43]

SPX Cycles Long Range Projection Chart. Today the Weekly closed in Bear territory. For the Weekly W-S-1 to get confirmed next Friday at the close, the SPX must open Monday below the Weekly UTL (currently at 4470.14), and remain below the UTL until Friday close. If the W-S-1 (due 9/6/23) is confirmed, the projected low will be 4349.85, the low will be due next week. If the W-S-1 is confirmed the Weekly Bull Cycle projections will be reset. However, currently all of the 60 min Bull Cycle projections are above the 4470.14 level, so right now it appears a slight chance for the W-S-1 to get confirmed next week. For the W-S-1 to get confirmed, the Daily Bear Cycle will have to extend. So next week could be very interesting.