CHARTS_CCI_SYSTEM

[northam43]

I think we are getting close to the bottom area for a relief rally, right now it appears the Weekly low will be due 5/23/25, projected low is 4783.42. The Monthly will likely confirm a M-S-1 at the close of this month, the projected low of 5378.24 has already been exceeded, the M-1 has a projected low of 4999.06, the earliest it can be confirmed is the close of June. The Quarterly at the beginning of this month confirmed another quarter as a Bull Cycle, so the Quarterly will remain in a Bull Cycle until the end of June, it will have to open below it's UTL on 7/1/25 to even be considered for a Bear Cycle and remain below that level until the close of September. Don't see that happening at this point. The W-E-1 average duration is 14 weeks, it is currently in it's 6th week. So by June we should see a new Weekly & Monthly Bull Cycle.

Right now the 60 min level is way OS, I expect the Daily level is probably OS as well, will see when I prepare my in of the day reports. The 60 min & Daily levels are bullish based on cycle points, that means we need 60 min & Daily Bull Cycles to bring down the Bull points. With the 60-SC-2 & D-E-2 & D-SC-2 extreme overdue, the SPX could gain 600 points before the end of the month.