Trading SPX Cycles

[northam43]

NASARAVI - 1st off the Weekly projected high probably won't be reached, because the last two Weekly Phase 2's have reached the projected high, so to do it three times in a row, not likely.

There is nothing saying the SPX can't go directly to 1774, it's highly unlikely but it could happen.

I project the cycles based upon averages, when the cycles exceed the averages I then look at the other time frames to try and determine the most likely time for a cycle change and then I project that on the flow chart. Then when cycles change I make adjustments.

As for the next 60 min Phase 1 going to 1690 probably a 50/50 chance since the last Phase 1 did not reach the projected low.

As for the next Daily Phase 1 going to 1650, probably not a very good chance because the last Phase 1 reached it's projected low, and it's rare in a bull market for that to happen.

But I do expect that we will get a few 60 min cycles and at least another Daily cycle before the Weekly high is established, I am expecting a weekly high above 1730, probably around the 1750 area, before another Weekly Phase 1. With the current SPX Monthly EMA 3/8 bull gap at 52.22, the SPX will likely get at least another Weekly cycle, before a Monthly Phase 1 starts to develop. So that means a Monthly Phase 1 is probably not likely until next year.