Replies to post #5135 on CHARTS_CCI_SYSTEM

[northam43]

Here is a chart of the last Weekly Phase 1 correction that started Oct 22nd. The Daily Phase 1 also was confirmed Oct 22nd.

[northam43]

The Daily LTL is at 1631.13, so even if the Daily got over the LTL it would keep the Weekly in Phase 2.

So there is a good chance we get another Daily Phase 2, most likely a short to average one. Then the following week on June 17 it starts out with the Daily confirming a Phase 1 and the Weekly confirming a Phase 1 on that Friday June 21st.


Will have to see how this Daily ends up on Friday.

I am looking at adding a long position (SPXL) tomorrow if the Daily puts in it's 3rd low which is the average for a Daily Phase 1.