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northam43

08/08/13 7:58 AM

#7049 RE: euterpe1 #7035

The SPX futures are up 6.5, if that holds, the 60 min will likely confirm Phase 2, and the Daily could follow. The projected high for the 60 min is 1704.74 and the Daily is 1748.73

It's been 11 cycles since the 60 min has reached it's projected high. So it is over due.

The Daily exceeded it's projected high last cycle. So it's not likely to reach it's projected high this cycle. The last time the Daily reached it's projected high during a SPX Cycles Bull market in back to back cycles was during the 2011 Bull market. So it can happen just not likely.