SPX Cycles

[northam43]

SPX Cycles End of the Day Reports & Charts. The Weekly closed in Bear territory. Today at the close the large Daily D-SC-1 (Extreme Overdue) was confirmed, projected low 4164.38, the low was due 8/15/23. Next week at the close on 8/25/23 there is the possibility of a Weekly W-S-1 (due 9/6/23) projected low 4349.85. With the confirmation of the D-SC-1, the Daily Level is now Bullish by +12 and the 60 min level is Bullish by +18. There is the possibility that the W-S-1 could be negated, hopefully the SPX will remain below 4473 next week. If the W-S-1 gets confirmed the Weekly Bull Cycle projections will be reset, which means the Weekly Bull Cycles could go a lot higher. With the 60 min & Daily levels Bullish, I don't see much downside at this point.