AI
Thursday, February 28, 2013 10:57:29 AM
SPX Cycles Morning Flow Chart:
SPX Daily remains in Phase 2, projected high is 1549, the 60 min Phase 2 is now extended, a 60 min Phase 1 is due, the current projected low is 1499.9, a 60 min low could be put in by the close. So now things are looking pretty bullish with the Daily continuing it's Phase 2, hopefully the 60 min will get a short Phase 1 so I can buy a SSO position. Tomorrow, I expect the Monthly Phase 2 to open in it's 15th trading month, which is the average for a Monthly Phase 2, so the question will be, does the SPX sell off in March so the Monthly can open April in Phase 1 or does the Monthly Phase 2 extend? The SPX Weekly should give a clue next Month as it will be due a Phase 1 during the week of March 22nd.
SPX Daily remains in Phase 2, projected high is 1549, the 60 min Phase 2 is now extended, a 60 min Phase 1 is due, the current projected low is 1499.9, a 60 min low could be put in by the close. So now things are looking pretty bullish with the Daily continuing it's Phase 2, hopefully the 60 min will get a short Phase 1 so I can buy a SSO position. Tomorrow, I expect the Monthly Phase 2 to open in it's 15th trading month, which is the average for a Monthly Phase 2, so the question will be, does the SPX sell off in March so the Monthly can open April in Phase 1 or does the Monthly Phase 2 extend? The SPX Weekly should give a clue next Month as it will be due a Phase 1 during the week of March 22nd.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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