SPX Cycles Alert:
The SPX Daily opened this morning below the LTL.
It is very likely that a new Daily Phase I will be confirmed at the close today.
A new Daily Phase I projected low is 1276.84
Then the question will be, is the Weekly going to follow? I believe so.
If we get a new Weekly Phase I next week, the projected low would go to 1236.95.
The Monthly UTL price is currently at 1240.35, so the Weekly could be getting into the Monthly Phase I territory. The earliest we could see a Monthly Phase I confirmed as of today is the end of April. The current Monthly Phase II is currently in it's 7th month. The average Monthly Phase II is 18 months.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
