The SPX 60 min Phase 2 continues in it's 34th trading hour, only 8 hours from a record cycle. I'm still looking for a 60 min Phase 1, the current projected low is 1531.1, a 60 min low could be put in by the close. If the 60 min low is reached, it would be below the Daily UTL, tomorrow a Daily Phase 1 is due, the current projected low is 1487.11, if the Daily low is reached, that would be below the Weekly LTL, a Weekly Phase 1 is due the week of March 18 to 22nd, the current projected low is 1423.33, that would be just below the Monthly UTL, a Monthly Phase 1 is due for April, the current projected low is 1340.80, of course if that level is reached the SPX will be in a new Bear market with a current projected low of 1310.24, that is all of the current projected lows, so the question is which of these do we reach. I believe the 60 min & Daily are most likely within the next week. The Weekly & Monthly will likely extend awhile longer.
JMHO, Lindy "Buy low, Sell high, stay with your system. If your system breaks fix it."