Trading SPX Cycles

[northam43]

Closing Bell Reports:

At the close the SPX 60 min P2 was on the MACD zero line. So in the morning an extended 60 min P2 may be confirmed. An extended average 60 min P2 lasts 18.86 hrs, the high is normally put in by the 4.24 hour, so the 60 min high of 1792.22 is likely the 60 min high, if the 60 min confirms an extended P2, the P2 will likely continue all day tomorrow, if the extended 60 min P2 is not confirmed, then a 60 min P1 will be due in the morning, and a 60 min low projected for tomorrow afternoon, the current projected low is 1771.5, if reached that will be a new Daily low, on Thursday a Daily P2 is due, unless the Daily confirms an extended P1, for that to happen the Daily MACD needs to fall below the zero line, it is currently 4.97 above the zero line. I'm thinking the Daily may get another short P2 and then take the Weekly into P1 next week. With the Weekly P2 in it's 15th week & the Monthly P2 in it's 24th month, I just don't see much upside. So I will be selling any profitable SPXL during the next Daily P2.

I have consolidated the SPX Cycle reports at this website.

ID: spxcycles
password: stock

http://northamlindyjr.com/SPXCycles/SPXCycleReports/SpxCycleReportsWebpage.html