SPX Cycles

[northam43]

Right now we have a head wind as the 60 min level is currently bearish by 9 points, however the Daily is bullish by 11 points.

If the Weekly Bear Cycle ends as a W-1, the weekly level could be bullish by 1 point.

So we could have some up & down at the 60 min level, we need the 60-1 & 60-E-1 to get confirmed to possibly put the 60 min level in the green.

I don't see much on the downside here.

If we get a new Weekly Bull Cycle, based on the current weekly indicators the Weekly could easily go into an extended Bull Cycle, which could take the SPX up to the 5000 level.