Trading SPX Cycles

[northam43]

NASARAVI - Thanks! We have a confirmed Weekly Phase 2, the projected high is 1296.38 by Jan 3rd, 2012, the average Weekly Phase 2 lasts 10.75 weeks, we have not had an average Weekly Phase 2 since March 2011.

More good news: The Monthly EMA 3/8 Bear gap is now only 4.33 points away from a Bull crossing. If an unconfirmed Bull crossing is made, SPX Cycles will go into Bull market mode.

What is Bull market mode? That is when I start buying longs instead of shorts. So if we go into Bull mode, I will start adding long positions during Daily Phase 1's. Yes,it's a long ways until the end of December and the SPX could go in and out of Bull/Bear a few times.

Right now the only Buy Blocker active is the Monthly, which currently doesn't expire until the end of December, so that should keep me out of a bad long trade. If the Weekly closes below the UTL, a new Weekly Buy Blocker will be activated.