Replies to post #1527 on Trading SPX Cycles

[northam43]

So if the SPX Daily goes into a Phase 1 tomorrow, it would just be one day short of it's average. It has meet the average of highs, it is well above it's target high of 1223.30, the current projected low is 1198.57, the average daily low is put in by the 4th trading day, and the average Daily Phase 1 lasts 6 trading days.

So if the Daily dropped to it's target low by Dec 14th, and then back into Phase 2 by Dec 16th. That would be cutting it real close with putting the Weekly in a Phase 1.

So things are looking more Bearish right now. I might be able to sell one of them SPXU positions for a profit instead of a loss.