Closing bell report. The SPX 60 min Phase 1 closed in it's 3rd trading hour, the projected low is 1333.2, the SPX Daily Phase 2 extended completed it's 39th trading day, the SPX Weekly Phase 2 extended continues in it's 12th week, the SPX Monthly Phase 2 continues in it's 2nd month, the projected high is 1437.3, and the SPX Monthly EMA 3/8 continues in it's 2nd month in a Bull market, the current Bull gap is at 30.59
The SPX Daily price closed below the UTL, so we have a possible Daily Phase 1 starting tomorrow. The current projected low is 1287.43, but since we are still in the beginning of a Bull market, and in Bull markets the projected low is not normally reached unless a higher timeframe is also going into a Phase 1. In this case the 60 min Phase 1 should reach the projected low. I'm looking at the Daily Phase 1 low at around the 1314 level, which is where the Weekly UTL is currently at.
Have a great evening!
This is a report I give each market day after the closing bell at my facebook SPX Cycles Group.
I also have developed what I call SPX Cycle Road Maps that are only available to SPX Cycle group members. Membership is FREE!
To join my group at facebook, just send an e-mail to northam43@yahoo.com "Subject: SPX Cycles Group", include your facebook name.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
