CHARTS_CCI_SYSTEM

[northam43]

SPX Cycles Closing Bell Flow Chart:

The SPX Daily closed below it's UTL, I sold all SSO positions. The SPX 60 min Phase 2 closed in it's 7th trading hour, tomorrow morning a 60 min Phase 1 is due, the current projected low is 1498.6, with the Daily closing below it's UTL, in the morning the Daily could open in an Unconfirmed Phase 1, if a Daily Phase 1 is confirmed, the current projected low is 1454.71, that is below the Weekly LTL.

So if in the morning the Daily opens in an Unconfirmed Phase 1 and the 60 min opens in a Phase 1. It could be a big drop. If the Daily confirms a Phase 1, the Weekly will likely open on Monday in an Unconfirmed Phase 1. Now if the Daily gets back into Phase 2 territory tomorrow, it could be a different story. On the bright side, the Monthly is most likely to remain in Phase 2 for March, so the most out of this to the downside will be a possible Weekly correction.