SPX 60 min Phase 1 opened in it's 5th trading hour, a 60 min low is due this morning and a 60 min Phase 2 is due late this morning, the current projected high is 1508.4, a 60 min high could be put in before the close, a Daily Phase 1 will most likely be confirmed at the close today, the current projected low is 1460.49. I will be looking to add SSO when the 60 min Phase 1 extends. I will be looking at selling SPXS positions as they become profitable and depending on the current cycle status.
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