SPX Weekly Chart. The Weekly opened this week in an UNCONFIRMED W-S-1 (Overdue). For the W-S-1 to get confirmed the SPX must remain below the Weekly UTL currently at 6741.07, until the close on Friday. If the W-S-1 is confirmed at the close on Friday the projected low will be 6529.36, the low will be due Friday. Also if the W-S-1 is confirmed, the Weekly Bull cycle projections will be reset to a range of 7004.64 to 7790.97 based on the current Weekly cycle low.
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