SPX Cycles

[northam43]

SPX Cycles Update. Today during the 1st hour the Daily confirmed a D-S-2 (Extreme Overdue) projected high 4484.30, the high is due today. Tomorrow at the close there is the possibility of a new Daily Bear Cycle (D-S-1), if the D-S-1 (Overdue) gets confirmed tomorrow at the close, the projected low will be 4344.11, the low will be due tomorrow, however the Daily is currently in D-1 (Extreme Overdue) territory, if the D-1 gets confirmed at the close on Tuesday the projected low will be 4326.99, the low will be due Monday. The D-1 is worth 17 Bear points, so if the Daily Bear Cycle ends as a D-1 the Daily level will be Bullish by +27. Today at the close of the 3rd hour the 60 min confirmed a 60-S-1 (due 8/27/23) projected low 4427.16 (reached). Today at the close of the 5th hour there is the possibility of a 60-1 (Extreme Overdue) projected low 4404.81 (reached), the low will be due today at the 5th hour. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (due 8/25/23) projected low 4339.63, the low will be due tomorrow at the 5th hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, price below 43.23. This will be the 6th Buy Signal of this UPRO Bull Cycle, the average is 2.74 Buy Signals per cycle. The UPRO Bull Cycle is overdue for a Sell Signal (60-SC-2). The 60 min 60-SC-2 is extremely overdue with a current projected high of 4548.51. It now looks like the Weekly has a good chance of confirming the W-S-1 at the close on Friday, hopefully the Daily confirms the D-1 at the close on Tuesday, the 60 min & Daily levels will be extremely Bullish.