AI
Thursday, February 28, 2013 4:39:28 PM
SPX Cycles End of the Month Flow Chart:
The SPX Daily & 60 min both closed below their UTL, a 60 min projected low is at 1503.8 and a Daily projected low is at 1459.97, a short 60 min Phase 1 tomorrow and then back to 60 min Phase 2 could easily put the Daily back into Phase 2 by the close. Tomorrow the Monthly Phase 2 will open in it's 15th month, the Monthly is still above the EMA 3, so it's still in a strong Phase 2 at this point.
The SPX Daily & 60 min both closed below their UTL, a 60 min projected low is at 1503.8 and a Daily projected low is at 1459.97, a short 60 min Phase 1 tomorrow and then back to 60 min Phase 2 could easily put the Daily back into Phase 2 by the close. Tomorrow the Monthly Phase 2 will open in it's 15th month, the Monthly is still above the EMA 3, so it's still in a strong Phase 2 at this point.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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