Replies to post #1553 on Trading SPX Cycles

[northam43]

Snoot - Yes, with the futures currently down 9 points, if that remains, a 60 min Phase 1 could be confirmed during the opening hour. The low target would be 1230. It's also possible that the Daily could open below the UTL, it would have to remain below that level until the close to confirm a Phase 1. The Daily target low would be 1198.57