CHARTS_CCI_SYSTEM

[northam43]

SPX Cycles Long Term Projection Chart. Today during the 2nd hour, the SPX hit the Monthly UTL at 4379.78, so that means the Monthly M-S-1 has been negated and the Monthly M-2 continues in it's 7th month, projected high is 5580.16, the high is due 11/30/23, that means the SPX will have to gain 1196.72, from the current price to reach the projected high, that's probably a bridge to far, or is there something major about to happen. There is the possibility today of the Weekly confirming a new Bull Cycle W-S-2 (due 5/1/24) projected high 4421.17, the high will be due 11/17/23. Keep in mind that the Weekly W-SC-2 is extremely overdue with a projected high of 5072.54.