Replies to post #2749 on Trading SPX Cycles

[NASARAVI]

north:

We have weekly ema 8 still below ema 11,high.

This implies that we are weaker now than any other uptrends and must end now? or at 1752?

What is the significance and is that why you feel we have to get a daily phase 1?

What are the average corrections for Bull

60, daily, weekly and monthly; are they 21, 65, 130, 221?

I am also looking at a monthly correction from 1780 to 1625-1580

Regards,

NR

[northam43]

Morning Report:

This morning the SPX once again has made an all time record high. A 60 min Phase 1 is well overdue, the current 60 min projected low is 1726.9, since the last two 60 min Phase 1's were short cycles, I will be expecting an average to extended 60 min Phase 1, so the 60 min projected low has a good chance of being reached during this next 60 min Phase 1.