Replies to post #779 on SPX Cycles System Daily Cycles (SPI:IN\X)

[northam43]

SPX Cycles Alert:

The SPX Daily Phase II completed it's 12th trading day. So it has now exceeded the duration of the last Phase I which was 11 trading days. It is normal for a Phase II to be longer than a Phase I during a Bull Market.

Today the SPX closed only 4 points off it's cycle high. So it looks like the Daily Phase II continues on.

I still believe the 1300 level is in striking distance.

My current trading status is HOLD

My current trading status will remain in effect until changed.