Replies to post #678 on SPX Cycles System Daily Cycles (SPI:IN\X)

[NASARAVI]

northam43:

You still think that this daily phase needs 2 more lows?

1184 and 1178 maybe?.

Also, it should be higher than weekly UTL correct?

We are almost near 12 weeks into weekly Phase II, which is average. So it must extend to accommodate this 5-6 day Phase I.

TIA.

[northam43]

SPX Cycles Alert:


The futures are way down this morning. Looks like the SPX Daily Phase I will make a new low.

I have submitted a buy limit order for SSO at 42.50. That price is just above the SSO weekly upper trend line. If this limit order is filled, it will be my 2nd buy of this Daily Phase I cycle.

I can add up to three positions in a Daily Phase I.