Replies to post #493 on SPX Cycles

[northam43]

SPX Cycles Update. Today at the close of the 3rd hour the 60 min confirmed a 60-1 (due 8/21/23) projected low 4436.45. Today at the close of the 6th hour there is the possibility of a 60-E-1 (due 8/20/23) projected low 4370.81, the low will be due tomorrow at the 3rd hour. If the 60-E-1 is confirmed a UPRO Buy Signal will become active, buy price below 44.28. This will be the 4th UPRO Buy Signal of this UPRO Bull Cycle, the average is 2.74 buy signals per cycle. Today at the close there is the possibility of a Daily D-E-1 (Extreme Overdue), projected low 4251.05. The Daily MACD (12,26,9) is still 5 pts above the zero line, so it will take a large drop to get the Daily into D-E-1 territory.