Trading SPX Cycles

[northam43]

With the SPX Daily well above the EMA 8 level. It sure looks like the Daily is headed for Phase 2. However, in the next hour the SPX 60 min will be either in an extended Phase 2 or in Phase 1. If the 60 min goes into Phase 1 the current projected low is 1171.0, that would be below the Daily LTL. So if the Daily is headed for the UTL(Phase 2), the 60 min should go into an extended Phase 2. The downside is if the 60 min is in an extended Phase 2 when the Daily hits the UTL(Phase 2), the Daily will probably have a short Phase 2 because the 60 min will be wanting to go into Phase 1, plus the Weekly has just started a Phase 1, so there is alot of downward pressure. Now if we can get a short 60 min Phase 1 cycle before the Daily goes into Phase 2, that would give the Daily a boost and then the Daily might have a better chance of an average Phase 2.