Replies to post #7029 on CHARTS_CCI_SYSTEM

[northam43]

If the SPX can stay below 1695.51 today, which is the current 60 min Phase 2 line, then the Daily will confirm a Phase 1 at the close.

Then tomorrow the SPX could very likely get a coordinated 60 min/Daily Phase 2 which could take the SPX up 21 points pretty fast.

Now if the 60 min closes today below it's LTL (Lower Trend Line) which is currently at 1691.95, then tomorrow the SPX may likely see lower lows.

[northam43]

The 60 min UTL is now at 1694.2, so a 60 min Phase 2 before the close is possible, then a Daily Phase 1 confirmation at the close is likely, then a Daily Phase 2 at tomorrow's open is possible.

[northam43]

Updated SPX Cycles Reference Pts:

Daily projected high - 1748.73
60 min projected high - 1710.67
Weekly High? - 1709.67
Daily UTL 1698.74 - Daily Phase 1&2 line
60 min UTL 1697.34 - 60 min Phase 1&2 line
60 min LTL 1694.58
Daily LTL 1687.49
60 min projected low - 1679.2
Weekly UTL 1672.97 - Weekly Phase 1&2 line
Daily projected low - 1640.12
Weekly LTL 1638.52
Monthly UTL 1593.41 - Monthly Phase 1&2 line
Weekly projected low - 1580.60
Monthly LTL 1520.84
Monthly projected low - 1497.99