SPX 60 min has confirmed a new Phase 1, the projected low is 1240, the average 60 min Phase 1 lasts 7.9 trading hours.
The SPX Daily UTL is at 1236.67, so if the 60 min drops to the 1240 projection the Daily would remain in Phase 2.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."