The SPX 60 min Phase 2 now in the 26th trading hour continues to extend. The 60 min UTL is at 1238.75, the LTL is at 1232.62, the Daily UTL is at 1224.79
So right now if the 60 min went into Phase 1 and dropped to a low of 1225, which would be 8 points below the 60 min LTL, the Daily would remain in Phase 2
Then the 60 min could go back to Phase 2, and take the SPX to the 1257 level or higher.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."