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northam43

07/18/18 12:10 PM

#20230 RE: NASARAVI #20229

NASARAVI,

It's possible that the 60-E-2 could end today if the SPX 60 min drops below it's UTL, it did this morning during the 1st, 2nd & 3rd hours, but it kept getting back to the UTL, so no 60-S-1 could get confirmed. But now it's looking like the SPX 60 min has a good chance of confirming a 60-SC-2 tomorrow at the opening of the 7th hour, but anything can happen, will have to wait for the confirmation.

The SPXL sell signal is when a 60-SC-2 is confirmed, not the 60-E-2.

The 60-E-1 is the SPXL buy signal.

If the 60-SC-2 is confirmed tomorrow, I have no longs to sell, as there has been no buy signal (60-E-1) during this current SPXL buy/sell cycle which begin 7/9/18.