Monday, March 11, 2013 4:17:24 PM
SPX Cycles Closing Bell Flow Chart:
SPX made new 52 week high, SPX 60 min Phase 2 closed in it's 38th trading hour, the record is 42 trading hours, so tomorrow the SPX 60 min either gets a Phase 1 or a new record is established. Tomorrow a Daily Phase 1 is due, since the Daily price closed above the EMA 3, it's unlikely to confirm a Phase 1 tomorrow. The current projected 60 min low is 1534.9, if that is reached tomorrow, then a Daily Phase 1 could be confirmed on Wednesday.
SPX made new 52 week high, SPX 60 min Phase 2 closed in it's 38th trading hour, the record is 42 trading hours, so tomorrow the SPX 60 min either gets a Phase 1 or a new record is established. Tomorrow a Daily Phase 1 is due, since the Daily price closed above the EMA 3, it's unlikely to confirm a Phase 1 tomorrow. The current projected 60 min low is 1534.9, if that is reached tomorrow, then a Daily Phase 1 could be confirmed on Wednesday.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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