SPX Cycles System Daily Cycles (SPI:IN\X)

[northam43]

Rcks - For the weekly Phase II to end, the following criteria must be meet:

1. On Monday(Nov 29th) the Weekly price must open below the upper trend line(UTL) price. That price is currently 1185.93. The UTL price could be higher or lower at the open on Monday.

2. The weekly price must remain below the UTL until the close of the market on Friday (Dec 3rd). Then a confirmed Weekly Phase I is underway.

If the price touches the UTL at anytime during the week, the Phase II continues.

So in actuality the weekly price could fall to 1153 the lower trend line(LTL), then go back to the UTL before the close on Friday and remain in a Phase II cycle.

However, past historical data has shown that normally if the weekly price closes below the UTL, a new Phase I will usually start.

The average Weekly Phase I is 6.68 weeks.

The average # of Lows in a Weekly Phase I is 3.2