We didn't get the downside move that I was hoping for this week, so I expect next week a buy signal gets confirmed.
The 60 min 60-E-1 is extremely overdue projected low 5116.14
The 60 min 60-SC-1 is overdue projected low 5048.86
Tomorrow at the close the Monthly confirms a M-E-2 projected high 6473.28, the high will be due 2/28/25
The next Weekly Bear Cycle W-S-1 is currently projected for 6/7/24, projected low 4967.55, low will be due 6/7/24, it could possibly continue downward and confirm a W-E-1 (Extreme Overdue) on 7/12/24, projected low 4093.75, the low will be due 8/9/24.
So it looks like a good buying opportunity this summer.
