Trading SPX Cycles

[bbgold]

Last Friday was All Close below LTL?
I forgot to take a look at the close if All the timeframes were Close below LTL. I would not be surprised now to see a move back to the Weekly having a Close above the UTL to trigger a move back down. I keep thinking the Close would have to be at the end of the week or month. Will be watching to see if we get a reversal this week and if the upside move will last until Friday or not. For now will be targeting a close above 1240 as possible reversal point. I am thinking 1250 will be the cap to this move, if it gets there, we shall see. For now no sense in getting in front of the bull, but I still see the ghost of the bear.