Going to be very close on the opening unless the futures sell off some ...About 45 min to opening...Should get a down signal on the 60 min chart at the opening and the daily down signal will still be valid..Good calls ...Thanks for keeping us updated..
SPX Daily remains in Phase 2, projected high is 1549, the 60 min Phase 2 is now extended, a 60 min Phase 1 is due, the current projected low is 1499.9, a 60 min low could be put in by the close. So now things are looking pretty bullish with the Daily continuing it's Phase 2, hopefully the 60 min will get a short Phase 1 so I can buy a SSO position. Tomorrow, I expect the Monthly Phase 2 to open in it's 15th trading month, which is the average for a Monthly Phase 2, so the question will be, does the SPX sell off in March so the Monthly can open April in Phase 1 or does the Monthly Phase 2 extend? The SPX Weekly should give a clue next Month as it will be due a Phase 1 during the week of March 22nd.
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