CHARTS_CCI_SYSTEM

[northam43]

SPX Daily confirmed a Phase 2 this morning. Look at the Daily chart I posted today. Notice the Daily MACD is on the Bull side, that is a good indication that this will be a normal Daily Phase 2 and a good chance for the Daily to reach it's projected high of 1668.27

But on the Weekly chart, if the Weekly confirms a Phase 2 before the close today, the Weekly MACD will not likely be on the Bull side, so that would indicate a short Weekly Phase 2, the average Weekly Phase 2 lasts 11 weeks, so if the Weekly confirms a Phase 2 today, it probably will go to the Daily projected high and then back into a Phase 1.

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