Replies to post #2899 on Trading SPX Cycles

[northam43]

The SPX 60 min closed in a short P1, a 60 min short P1 low is due the opening hour, the projected low is 1827.21, and unless an average 60 min P1 is confirmed in the morning, a 60 min P2 will be due at the 3rd trading hour, and a 60 min P2 projected high of 1852.81 is currently projected by the 4th trading hour. The Daily will likely remain in P2 at the open, unless the futures are down a few points. If by chance the Daily does open in an unconfirmed P1, unless the 60 min confirms at least an average P1, the Daily P2 will likely continue. So there is really no clear picture at the present time for short term, medium term or long term. The upside is likely limited to 1861.43 which is the extended Daily P2 projected high, after that there is nothing to the upside projected, the only way to get higher projections is for the 60 min, Daily, Weekly, Monthly to correct.