Replies to post #1320 on Trading SPX Cycles

[northam43]

Torqputty - This is an unconfirmed Daily Phase 1 at this point.

If the Daily gets to the 1261 level today, the Phase 2 would continue.

When I posted this morning the futures were down over 12 points. It looks like things have turned around a bit. The 60 min Phase 1 is currently in the 8th hour, so if it doesn't get a Phase 2 confirmation in the next hour, it will go into extended mode.