Replies to post #28603 on CHARTS_CCI_SYSTEM

[northam43]

I'm not a day or minute trader.

The Weekly is due for a correction.

Next week a new Weekly high is possible.

Based on average Weekly W-SC-2 phases, a W-S-1 (Bear phase) is due 4/16/21

The high was due this week.

I'm looking at a drop to W-S-1(Overdue) 3766.83, W-1 (Extreme Overdue) 3672.18, W-E-1 (Overdue) 3075.34, W-SC-1 (Record breaking Extreme Overdue) 2427.33

At this point I would say the W-1 is the most likely during this next Weekly Bear Cycle.

The W-1 normally lasts 4 weeks and usually puts in a low by the 3rd week.