bbgold - "What would be the scenario if now the system triggers a Buy for SPXU?" I would add $5000 cash to the SPX Cycles Portfolio and buy up to 250 shares of SPXU. Add times you have to add cash to your portfolio, that is part of the investment process.
"Will the Long position continue to be a Hold?" Yes, the long positions will be on hold until they become profitable. Then they will be sold in accordance with the SPX Cycles Basic Sell Flow Chart.
Right now this looks like a Weekly correction taking place. If that be the case, the upside after this correction is over could be huge. If this were to be a Monthly correction, the price would have opened the month below the monthly UTL by opening above the Monthly UTL it keeps the Monthly in Phase 2 this entire month and to confirm a Phase 1 the price would have to remain below the Monthly UTL all of next month, however the current price action seems to have us going towards the Weekly projected low and the SPX 60 min Phase 1 is extremely extended and the Daily Phase 1 hits it's average tomorrow. So the SPX is due for some upside on the short term charts and it will depend on how long they remain in Phase 2, hopefully long enough to push the Weekly into Phase 2 and pull the Monthly back above the Monthly UTL. If the Daily has a less than average Phase 2. I will say the upside is probably over and the Bear is on the way.
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