Replies to post #900 on SPX Cycles System Daily Cycles (SPI:IN\X)

[northam43]

Torqputty - Your assumption is very possible.

Based on the Daily Phase II records, here are some other possibilities:

The Daily Phase II could last another 12 trading days.

There could be another 10 Daily cycle highs.

From the current high of 1286.37, the SPX could go up another 95.47 points, that would be 1381.84

If the Daily Phase II exceeds these points, new records will be established.

Now looking at the Weekly Phase II:

From the current high of 1286.37, the SPX could go up another 42.77 points, that would be 1329.14

There could be another 9 weekly cycle highs.

The Weekly Phase II could last another 13 weeks.

Now looking at the Monthly Phase II:

From the current high of 1286.37, the SPX could go up another 337.67 points, that would be 1624.04

There could be another 27 monthly cycle highs.

The Monthly Phase II could last another 40 months.

Bottom Line: Looks like we are due for a new Weekly Phase I between now and the 1329 level. That weekly Phase I could take the SPX to the 1145 - 1200 range. The extreme low would be 512.92

[northam43]

Torqputty - Here is another possibility:

The SPX Daily could go into Phase I and pullback to the 1240 level which is the UTL for the weekly. That could be a 60 point drop taking about 3 to 5 trading days.

Then go back to a Daily Phase II and retest the 1300 level. That could take between 5 to 10 trading days.

Then fall once again, but this time go into a Weekly Phase I and drop to the 1145 - 1200 level. This could take two or three weeks.

I'm thinking this path may be more likely at this point.