Replies to post #978 on Trading SPX Cycles

[northam43]

Torqputty - When I posted the 1st charts on Sept 28th, the current weekly low was in the 2nd week at 1101 and the 2010 Bear Weekly low was established in the 8th week. So that was a big difference. However, now the currently weekly low is now in the 10th week, so that better aligns with the 2010 Weekly Bear.

If you compare the two charts, you will notice that on the 2010 chart, during weeks 6 & 7, the EMA 3 crossed above the LTL then in week 8 went back below the LTL, then the low was put in and the EMA 3 crossed back above the LTL and then crossed above the EMA 8 and then the Weekly went into a Phase 2. Looking at the current weekly, the same has basically occured here, week 7 the EMA 3 crossed above the LTL, then week 8 went back below, so if it crosses back above the LTL, it hopefully will then cross above the EMA 8 and then we get a Phase 2.