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

[northam43]

Torqputty - Here is another possibility:

The SPX Daily could go into Phase I and pullback to the 1240 level which is the UTL for the weekly. That could be a 60 point drop taking about 3 to 5 trading days.

Then go back to a Daily Phase II and retest the 1300 level. That could take between 5 to 10 trading days.

Then fall once again, but this time go into a Weekly Phase I and drop to the 1145 - 1200 level. This could take two or three weeks.

I'm thinking this path may be more likely at this point.