Replies to post #1416 on SPX Cycles System Daily Cycles (SPI:IN\X)

[RCKS]

northam
With us trading below the Weekly UTL at the moment, it appears we will enter next week with a chance for a Weekly Phase I. Next week being expiration week I don't rule out that possibility but I would add it doesn't fit for us to trade below 1330 much next week. The reason being a ton of Puts sit at 1330 and below and it would be quite Bearish for us to put them all in the money and continue to trade lower.
That being said it also argues we stay below 1350 because of the number of calls that sit there and above. So my conclusion is next week will be range bound and essentially erode premiums all next week.
If we move out of this range either direction next week that would be very Bullish or very Bearish which ever direction it were to go.

[TREND1]

northam
you wrote "SPX Daily Phase 1 (Bear) Confirmed (05/11/11):"
.
I agree with you.
See Happy Family at

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63110673

[northam43]

SPX Daily Phase 2 (Bull) Confirmed (05/19/11):

Today the SPX Daily Phase 2(Bull) is confirmed. The average Daily Phase 2 lasts 9.88 Trading Days. The average Bull market Phase 2 lasts 12.51 trading days. The target for this Phase 2 is 1391.95 by June 1st.