Replies to post #6670 on CHARTS_CCI_SYSTEM

[euterpe1]

SSO upper BB is now 83.19. I bought today's dip, but have sold that position already. Crazy momo, but overbought IMO.

http://stockcharts.com/h-sc/ui?s=SSO&p=M&yr=4&mn=0&dy=0&id=p85218370921

Summation index peaked.

[northam43]

Update:
Between July 23rd and August 30th, there is 29 trading days, this is a possible pathway to the Aug 30th high.

July 23rd 60 min Phase 1 - 1 trading day (July 23rd completed)

July 24th 60 min Phase 2 - 1 trading day (Not exceeding SPX high) (July 23/24 completed) - Did not make a new high

July 25/26 60 min Phase 1 - 2 trading days (July 24th/25th completed)

*60 min Phase 2 - 1 trading day (July 25th completed)
*60 min Phase 1 - 1 trading day (July 26th in progress)

July 29 60 min Phase 2 - 1 trading day (Not reaching SPX high)
July 30-Aug 1st 60 min Phase 1 - 2/3 trading days
Aug 2-9 Daily Phase 1 - 6 trading days (with 60 min Phase 1/2 cycles) - This Daily Phase 1 may be moved up to start Jul 29th
Aug 12-14 Daily Phase 2 - 2/3 trading days (not reaching SPX high)
Aug 15-21 Daily Phase 1 - 4/5 trading days
Aug 22-30 Daily Phase 2 - 7 or more trading days (taking the SPX to new highs)

*Added cycles not in the original time line.