SPX Cycles Update. The Weekly remains OB. Today at the close of the 1st hour the 60 min confirmed a 60-S-1 (due 1/17/24) projected low 4756.06 (reached), during the 1st hour it put in a low of 4751.88, then during the 2nd hour the 60 min confirmed a 60-S-2 (due 1/18/24) projected high 4793.25, during the 2nd hour it put in a high of 4782.34, then at the close of the 3rd hour the 60 min confirmed another 60-S-1 (due 1/21/24) projected low 4748.94. Today at the close of the 5th hour there is the possibility of a 60-1 (due 1/18/24) projected low 4724.96, the low will be due today at the 5th hour.
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