AI
Tuesday, December 18, 2012 5:04:38 PM
SPX Cycles Closing Bell Flow Chart:
The SPX 60 min closed well above the EMA 3, so I expect the 60 min will open tomorrow in Phase 2, then I will be looking for a 60 min Phase 1 and possibly a 60 min low.
As for the next Bear market, which I believe will be a Big Bear, Why? Because I believe the SPX will hit a new record high during this Bull market. If you look at my chart below you will see that the last two Bull markets have not resulted in a record high, so the SPX is due for a record high.
As for how high will the SPX go during this Bull market? We need to look at the SPX Monthly Cycle Data Sheet below:
Look at the T1 column that is how much the Monthly Phase 2 exceeds or fails to make it's projected high. The Monthly Phase 2 exceeds it's projected high by an average of 322.111, the current Monthly Phase 2 projected high was 1437.3 it has currently exceeded that target by 37.21 pts. If you take 1437.3 + 322 = 1759.3, that is a possible target. The record is 1035.57 so if you took 1437.3 + 1035.57 = 2472.87 that would be the maximum, the minimum would be the current 1474.51
So bottom line I believe this Bull market may go to 1759.3, that would be 183.21 pts above the current record high. So getting to the record should be the easy part.
The SPX 60 min closed well above the EMA 3, so I expect the 60 min will open tomorrow in Phase 2, then I will be looking for a 60 min Phase 1 and possibly a 60 min low.
As for the next Bear market, which I believe will be a Big Bear, Why? Because I believe the SPX will hit a new record high during this Bull market. If you look at my chart below you will see that the last two Bull markets have not resulted in a record high, so the SPX is due for a record high.
As for how high will the SPX go during this Bull market? We need to look at the SPX Monthly Cycle Data Sheet below:
Look at the T1 column that is how much the Monthly Phase 2 exceeds or fails to make it's projected high. The Monthly Phase 2 exceeds it's projected high by an average of 322.111, the current Monthly Phase 2 projected high was 1437.3 it has currently exceeded that target by 37.21 pts. If you take 1437.3 + 322 = 1759.3, that is a possible target. The record is 1035.57 so if you took 1437.3 + 1035.57 = 2472.87 that would be the maximum, the minimum would be the current 1474.51
So bottom line I believe this Bull market may go to 1759.3, that would be 183.21 pts above the current record high. So getting to the record should be the easy part.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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