SPX Cycles

[northam43]

The Daily is now in D-E-1 (Extreme Overdue) territory, if it is confirmed today at the close the projected low will be 4251.05, it is unlikely it reaches that level, the D-E-1 low was due 8/14/23 (Monday). There is the possibility of the Daily D-SC-1 (Extreme Overdue) getting confirmed Friday at the close, projected low will be 4164.38, however the low was due yesterday, so I doubt the projected low will be reached. But if these 2 cycles get confirmed, it will eliminated 32 Daily Bear points, putting the Daily level bullish at +13, the 60 min level is currently bullish at +13, if the 60 min 60-SC-1 gets confirmed today it will go to +18. The bottom could be in place today and the D-SC-1 could get confirmed on the way up.