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

[northam43]

SPX Cycles Alert:

The SPX Weekly price opened below the UTL. The current Weekly UTL price is 1185.77. The High so far today has been 1185. It is possible that we may have started a new Weekly Phase I today. However, it is to close to call. If the price by Friday close of market hits 1186 or above then the weekly Phase II will continue.

Right now the pendulum is shifting to a possible Phase I. My Hold status remains unchanged.

If a new Weekly Phase I is confirmed on Friday. A weekly Phase I average is 7 weeks, the average Phase I lows is 3. So I most likely would be buying long until one of those averages are meet.
I still have one long position that I can buy during this Daily Phase I cycle.

My current trading status is HOLD

My current trading status will remain in effect until changed.