CHARTS_CCI_SYSTEM

[northam43]

This could put a wrench in Pretzel's scenario.

Right now the Daily Bear Cycle is extending, but is struggling to get into D-E-1 territory.

If the Daily manages to get into D-E-1 territory and confirm the D-E-1 by the close on Friday.

Not only will the extreme overdue D-E-1 get confirmed, but the extreme overdue D-SC-1 could also be confirmed. If both the D-E-1 & D-SC-1 get confirmed this week, that will eliminate 32 Daily Bear points, which would then put the Daily level Bullish by +13 points.

Right now the 60 min level is Bullish by +16 points.

The Daily D-SC-2 is extremely overdue with a projected high of 4915.84

I doubt we see any large drop until after the D-SC-2 ends.