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

[northam43]

SPX Cycles Alert:

The SPX Daily Phase II is now in the 9th trading day. That is the average for a Daily Phase II. However, in a Bull market the Daily Phase II normally exceeds the Daily Phase I. The last Daily Phase I lasted 11 trading days. So I expect this Daily Phase II to last atleast 12 trading days.

The Daily chart is now starting to enter OB territory. However, I still believe the 1300 level is possible.

Today the Daily, Weekly & Monthly all made new cycle highs.

My current trading status is HOLD

My current trading status will remain in effect until changed.