Charts SYSTEMS

[northam43]

I believe the SPX is getting close to a major top not expecting to see 1900 this year, the SPX Daily projected low is currently at 1744.56, that is with in your projected range. Then I expect the SPX retests the highs, then starts dropping into a Weekly correction, the weekly projected low is currently at 1681.44, that is above the Monthly UTL, which means that a Monthly Phase 1 is not likely for a few more months. Then we will likley see a market range bound between 1650 - 1800 until a Monthly correction has started.

My strategy is to continue to add SPXU as significant new highs are made and add SPXL during Daily Phase 1 corrections, as that will likely be the best buying opportunity for a short term profit.

I will sell my SPXU when I believe a Monthly low has likely been established, and will then start to accumulate SPXL for the next long term upward cycle.