CHARTS_CCI_SYSTEM

[northam43]

The Weekly opened today as an UNCONFIRMED W-S-1 (Overdue) projected low 4971.09, the low has been exceeded. For the W-S-1 to get confirmed the Weekly must remain below the Weekly UTL (currently at 5117.56) until the close on Friday (4/26/24). The low will be due 4/26/24.

Right now the Weekly indicators remain in W-S-1 territory, so at this point the odds of the Weekly continuing down into a W-1 is slim. For a new Weekly Bull Cycle to get confirmed this Week which would negate the W-S-1, a 60 min 60-SC-2 (Extreme Overdue) will have to get confirmed. The 60-SC-2 has a current projected high of 5122.81. So the odds of the W-S-1 getting confirmed this week are high. If the W-S-1 does get confirmed the Weekly Bull Cycle projections will be reset.