Royg1927 - I'm looking mainly at the Weekly cycle right now and it's next Phase 1 current projected low is 1552.92, the Monthly UTL is currently at 1567.42, so that is only a 14.32 point gap. For a Bear market to be confirmed the SPX Monthly EMA 3/8 must get a confirmed Bear crossing at the end of the month. For that to happen the SPX would have to get below the Monthly LTL (Lower Trend Line). For the Monthly to get a confirmed Phase 1, all it has to do is stay below the Monthly UTL the entire month. So right now with the next Weekly Phase 1 projected low, it's pretty unlikely that a Bear market will get confirmed. Also the current Bull market is still two months away from an average. Whereas, the current Monthly Phase 2 is in it's 19th month (average 15.26)so it is currently extended by 4 months.
I hope this makes sense. Now if the Weekly gets to it's high projection, then the Weekly low projection will go up and if the Weekly low projection gets above the Monthly UTL, then things change and I will have to wait for the next Weekly Phase 2 to get a clearer picture.
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