Replies to post #1571 on SPX Cycles System Daily Cycles (SPI:IN\X)

[northam43]

Gleno34 - We could be going into a Bear market, but the Monthly EMA 3/8 has not crossed and it is a long way until the end of the month.

So there is no Bear market signal as per my system at this time.

However, since the EMA 3/8 gap is less than 10 points I have issued a EMA 3/8 Buy Blocker which suspends all buying on the long side until the gap exceeds the 10 point zone.

If a Bear market is confirmed at the end of the month, I will then establish a short position using SPXU. A Bear Market average is 7.3 months.

It would be abnormal to go into a Bear Market before a Monthly Phase 1 is confirmed and the Monthly price has crossed above the Monthly UTL for this month, so this is a Phase 2 Month. So that leads me to believe that this maybe just a weekly correction we are going into which would take us to a possible low of 1228.39 over the next 4 weeks and then we go to a high of 1410.59 which would be the next Weekly Phase 2 based on the 1228.39 low.

If we go above 1335 before Friday that would negate the Weekly Phase 1 and the current Weekly Phase 2 would continue which has a projected high of 1400.40

So the bottom line: I believe right now we are either going to a low of 1228.39 in a Weekly correction or a high of 1400.40 in the current Weekly Phase 2. So the Weekly is driving the train right now.