Trading SPX Cycles

[northam43]

SPX 60 min opened in a new Phase 2, the average 60 min Phase 2 lasts 8.8 trading hours, it has been over 9 cycles since the 60 min has had an average Phase 2, so we are well overdue for an average Phase 2. The 60 min projected high is 1243.47. The SPX Daily is now above the EMA 8 level, so the next stop is the UTL at the 1241.04 level, so it looks like the Daily is headed for a new Phase 2, if it confirms a Phase 2 today, the projected high will be 1274.35, if the Daily reaches it's projected high, it will take the Weekly back above the UTL and the Monthly EMA 3/8 will make a Bull crossing. So lets see what happens today.