Trading SPX Cycles

[northam43]

Rcks - I can understand your position. That's why I don't pay much attention to the news anymore. I don't even turn the business news channel on during market hours.

This could very well be a short Monthly cycle, the Daily & Weekly will let me know. Right now the Daily is performing as it did during the last Bear to Bull trend change. So until I see a deviation/change of course, I'll continue with the flow.

Since the 1st of the year, SPX Cycles is up 4.89%, today I sold off the last SPXU position, during the Bear that ended in 2009, I got stuck holding QID, which I am still holding today, maybe I will hold them to zero, then take the loss.

So right now I'm in the Bull camp and I will be buying the SPX Daily Phase 1's, unless the Monthly EMA 3/8 crosses back to the Bear side which is currently around the 1265 level, or I have active Buy Blockers.