SPX Cycles

[northam43]

SPX Cycles Long Range Projection Chart. Today was a biggy. The Weekly confirmed a new Bear Cycle, W-S-1 (due 9/6/23) projected low 4349.85, the low was due this week. But with the confirmation of the W-S-1, the extreme overdue Weekly Bull Super Cycle (W-SC-2) was negated. So it remains on the table for possibly the next Weekly Bull Cycle. With the confirmation of the W-S-1, all of the Weekly Bull Cycle projections have been reset. So the projection of the W-SC-2 went from 4708 to 5384.66. Now if the Weekly Bear Cycle continues downward, then the 5384.66 projection will be adjusted lower based on the Weekly Bear Cycle low. So from here the Weekly can either go to a new bull cycle, possibly next week or it can continue down to the extreme overdue W-1 (which I am hoping for), if the Weekly Bear Cycle ends as a W-1, that will eliminate 13 Bear points and will turn the Weekly level bullish by +3. If the next Weekly Bull Cycle confirms the W-SC-2, which takes 24 weeks to confirm, because it has to go up the ladder through the W-S-2, then W-2, then W-E-2. Right now we have Bull Super Cycles at the 60 min, Daily & Weekly level that are extremely overdue. So the SPX could move up pretty quick. The Monthly M-2 has a projection of 5580.16, due by 11/30/23, so an ATH is very possible before the end of the year.