As promised here is the charts of the current and previous Monthly cycles: Jan 2008 to present cycle, currently in the 29th month, Phase I lasted 18 months: Here is Phase I chart: images.investorshub.advfn.com/images/uploads/2010/5/14/bnekgSPXMonthly080102PhaseI.gif Phase II is currently in the 11th month: images.investorshub.advfn.com/images/uploads/2010/5/14/umttvSPXMonthly080102PhaseII.gif Jul 2006 to Dec 2007 cycle lasted 18 months, Phase I one month and Phase II 17 months: images.investorshub.advfn.com/images/uploads/2010/5/14/jigpxSPXMonthly060703PhaseIPhaseII.gif Aug 2004 to Jun 2006 cycle lasted 23 months, Phase I one month and Phase II 22 months: images.investorshub.advfn.com/images/uploads/2010/5/14/lnbouSPXMonthly040802PhaseIPhaseII.gif Oct 2000 to Jul 2004 cycle lasted 46 months, Phase I 31 months and Phase II 15 months: Chart of Phase I 31 months: images.investorshub.advfn.com/images/uploads/2010/5/14/vosecSPXMonthly001002PhaseI.gif Chart of Phase II 15 months: images.investorshub.advfn.com/images/uploads/2010/5/14/ppjkgSPXMonthly001002PhaseII.gif Bottom line: Looks like a new monthly cycle could be close at hand.