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

[northam43]

SPX Cycles Alert:


The SPX Daily Phase II has hit and exceeded the forecasted target of 1234.56

This is only the 5th trading day of this Daily Phase II. The average Phase II is 9 trading days. In a Bull Market a Phase II will normally be of longer duration than a Phase I. The last Phase I lasted 11 trading days. So I believe the high of this Phase II has not yet been established.

The Daily chart at this point is not in an OB status.

I believe SPX 1300 is possible during this Phase II.

Also today new highs on the Weekly & Monthly Phase II have occured.

My current trading status is HOLD

My current trading status will remain in effect until changed.