Looks like the Weekly MACD has a very good chance of getting a confirmed Bull crossing this week. With the Weekly EMA 3 above the Weekly UTL, and if the MACD Bull gets confirmed, the Weekly Phase 2 will likely extend. That will mean the SPX Monthly Phase 2 will continue to extend and a Monthly correction will continue to be delayed, the longer it's delayed the bigger the drop could be, because if we get a coordinated 60 min, Daily, Weekly, Monthly Phase 1, they lead to Bear markets. Yes, I said Bear market, it's a possibility, but too far down the road to be concerned about at this point.
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