Replies to post #1520 on SPX Cycles System Daily Cycles (SPI:IN\X)

[RCKS]

northam I am someone who believes especially during weak trending periods that Option Expiration has an influence on price. I believe we will close below 1340 today or on 1340/134. Too many Calls out number Puts at 1340 and above. I like that we got the Phase II but I do think we could slide back into one more Phase I tomorrow as they hold price at or below this level.
I remain Bullish and think we have a higher high yet to come.

[northam43]

SPX Daily Phase 1 (Bear) Confirmed (05/20/11):

Today the SPX Daily Phase 1(Bear) is confirmed. The average Daily Phase 1 lasts 6.00 Trading Days. The average Bull market Phase 1 lasts 5.94 trading days. The target for this Phase 1 is 1295.09 by May 25th.