Replies to post #696 on SPX Cycles System Daily Cycles (SPI:IN\X)

[NASARAVI]

northam43:

Are U expecting 1 more new low before we go into phase II on the daily, since the average is 3.38; We are almost into 5th day in phase I, average 5.63?

All depends if we clsoe above 1203.

Comments on the new low?

TIA.

[northam43]

SPX Cycles Alert:


My current trading status is HOLD

The SPX Weekly Phase II is in the 12th week. Which is the average for the Weekly Phase II. So beyond this week will be an extended Weekly Phase II.

The SPX Daily Phase I price remains above the LTL. Therefore it could start Phase II at anytime. When the Phase II starts I would expect it to last longer than the Phase I, since we are in a Bull market.