Replies to post #2879 on Trading SPX Cycles

[northam43]

The SPX continued to make all time highs. With the Bull gap at around 79.43 I decided to sell off a SPXL position, I will be looking at buying this position back during the next 60 min P1. In the closing hour some weakness on the 60 min. There is currently an 11 point gap between the 60 min LTL and Daily UTL, so the next 60 min P1 will likely keep the Daily in P2, then the next 60 min P2 could take the SPX to the Weekly extended P2 projected high of 1827.61 due the week of Jan 6th.