Replies to post #37508 on CHARTS_CCI_SYSTEM

[2H2]

I give north credit for being optimistic and hoping the best outcome, but I’m a realist and it’s easy to see what lays ahead. It ain’t boolish

[northam43]

Today's drop has been overdue. The SPXU Bear Cycle was due for a sell signal 10 trading days ago. This SPXU Bear Cycle has lasted 40 trading days, the average is 30 trading days. Last year there was a total of 23 SPXU Bear Cycles that averaged 11 trading days.

My point here is this is a normal pull back in a Bull Market.

If you look at my charts you will see that the Bull cycles have more fire power right now than on the Bear side. The Bulls have the potential of a multi time frame up move (60 min, Daily & Weekly) their is the potential of a 200+ up day on the SPX.