SPX Cycles

[northam43]

SPX Cycles Update. Today at the close of the 1st hour the 60 min confirmed a 60-SC-1 (due 10/1/23) projected low 4334.14, the low is due today at the 4th hour. Due to the confirmation of the 60-SC-1 a UPRO Buy Signal is currently active, buy price below 42.66, and a SPXU Sell Signal is currently active, sell price above 11.71. The Daily is well into D-1 (Extreme Overdue) territory, actually it is currently in D-E-1 (due 10/12/23) territory. If the D-1 is confirmed tomorrow at the close the projected low will be 4379.10, the low is due today, if the Daily confirms a D-E-1 at the close on Friday, the projected low will be 4162.45, the low will be due 9/28/23. If the D-1 is confirmed and the Daily Bear Cycle ends as a D-1, that will eliminate 20 Bear points, which will make the Daily level Bullish by 24 pts, that will be pretty Bullish.