InvestorsHub Logo

northam43

06/20/22 11:32 AM

#34129 RE: Emptyhead #34125

The All Time High is 4818.62

If you look at my dashboard, you can see that we need at least a Monthly M-2 to get to a new ATH.

The M-2 current projected high is 5328.19, that's about 500 points above the current ATH.

To get a M-2 confirmed, 1st a Monthly Bull Cycle (M-S-2) has to be confirmed, the M-S-2 has a current projected high of 4354.39, it's possible for the M-S-2 to get confirmed in July, for the M-S-2 to get confirmed the SPX must get above the Monthly UTL which is currently at 4439.80, which is above the M-S-2 projected high. So if the Monthly M-S-2 get confirmed in July, it will likely greatly exceed it's projected high.

For the M-2 to get confirmed both of the following requirements have to be met: (1) the Monthly EMA 3 has to cross above the Monthly UTL and close the month above the Monthly EMA 3 (2) The duration of the Monthly Bull Cycle has to exceed the average duration of the M-S-2 which is 1.84 months. So if the Monthly confirms a M-S-2 during July, then the earliest the Monthly can confirm a M-2 would be at the close of September 2022. The average Monthly Bull Cycle duration to the M-2 high is 7.20 months, so if the Monthly Bull Cycle is confirmed in July, the M-2 high (5328.19) will be due January 2023.

But we could very well see new SPX ALL TIME HIGHs during Oct, Nov, Dec, & Jan.