Replies to post #2545 on CHARTS_CCI_SYSTEM

[northam43]

The SPX must now get above 1517 today for a Daily Phase 2.

[northam43]

The SPX 60 min Phase 2 has now put in it's 4th high this cycle, the average is 4.3, so today's high could be put in this hour.

[northam43]

Updated SPX Cycles Flow Chart:

SPX Daily Phase 2 confirmed, projected high is 1549, tomorrow morning a 60 min Phase 1 is due, the current projected low is 1494.9, if reached that would put the Daily back below the LTL. If the Daily closes above the Daily UTL, I may consider holding all SSO positions, if the Daily looks like it is going to close below the Daily UTL, I will sell all SSO positions.

This could be a cliff hanger at the close. Right now with the 60 min still well above the EMA 3, tomorrow the upside could continue and the 60 min Phase 2 could extend. But if the 60 min breaks below the EMA 3 then the 60 min could open in Phase 1 as well as the Daily and that could be a fast trip down to 1495 which would be below the Daily LTL.