Charts SYSTEMS

[northam43]

Morning Reports:

This morning at the end of the opening hour the 60 min confirmed a short P1, that means it is currently expected to last less than 6 trading hours, the Daily EMA 3 is just above the Daily LTL, it is getting real close to an average projection which will mean the Daily P1 is likely to last at least 6 trading days, the Daily P1 is currently in it's 3rd trading day. A 60 min low is due this afternoon, the projected low is 1775.7, a 60 min P2 is due during the closing hour, tomorrow a Daily low is due, the projected low is 1753.64, I will be looking at adding SPXL & selling SPXU

Update: The 60 min EMA 3 is now below the 60 min LTL, so an average 60 min P1 may be confirmed at the end of this hour. That will mean that the 60 min P1 is likely to last 6 trading hours or more.