Trading SPX Cycles

[northam43]

Closing Bell Reports:

The SPX 60 min is projecting an extended Phase 1. Tomorrow morning the Daily is likely to open in an Unconfirmed Phase 1, unless the over night futures are way up in the morning. But with the 60 min due a Phase 2 tomorrow, will the Daily be able to confirm a Phase 1? Now if it looks like the Daily will confirm a Phase 1 and the current 60 min Phase 1 extends into the closing tomorrow, I will then add SPXL. Now if the 60 min confirms a Phase 2 tomorrow, and the Daily still confirms a Phase 1, I will hold off buying SPXL, because that will mean the Daily Phase 1 will likely continue.