I just posted a briefing at the SPX Cycles facebook group on the Daily correction back in November which was the last time the Daily Phase 1 exceeded it's projected low, I showed the comparison with how the cycles were lined up then compared to how they are lined up today.
The SPX Daily confirmed a Phase 1, the projected low is 1460.49, the SPX 60 min Phase 1 closed in it's 10th trading hour, so it is the 2nd extended 60 min Phase 1 of the month, the average is 3. Tomorrow I will be looking for a 60 min Phase 2, the current projected high is 1505.65, a 60 min high could be put in by the close. With the Daily UTL at 1516.7, it's unlikely a Daily Phase 2 will be confirmed during the next 60 min Phase 2. So at least another 60 min cycle will occur, I may add a SSO position during that cycle. Today I bought SSO at 65.92
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