SPX Cycles Update:
SPX Daily: This is the 17th Trading Day in Phase I. The average Phase I is currently 5.56 Trading Days. The price is below the lower trend line(1093.24). A new cycle low of 1040.81 was made today. That is within my target range. Since price remains below the lower trend line, new lows are still very possible.
SPX Weekly: 3rd week in Phase I, new weekly low
SPX Monthly: 10th week in Phase II, EMA 3/8 18 pt gap.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."