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Strategies & Market Trends : SPX Cycles
UPRO 121.67+1.9%Jan 9 4:00 PM EST

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To: northam who wrote (6481)2/19/2025 11:33:00 AM
From: northam   of 7394
 
SPX Update: The 1st hour a 60-S-1 was confirmed, then the 2nd hour a 60-S-2 (Overdue) was confirmed, possibility of a 60-2 (Extreme Overdue) at the close of the 4th hour, projected high 6181.58 (ATH).

Right now the Bull/Bear Strength meter is at -41.76%, that is pretty bearish. The only way it goes down is by confirming Bear Cycles.
Right now the 2 largest 60 min Bear Cycles (60-E-1 & 60-SC-1) are both extremely overdue and the 2 largest Daily Bear Cycles (D-E-1 & D-SC-1) are also extremely overdue.
Projections:
60-E-1: 5960.22
60-SC-1: 5888.25
D-E-1: 5653.95
D-SC-1: 5540.64
The above cycles if confirmed, could also put the SPX in Weekly Bear territory. The Weekly W-1 is overdue with a projected low of 5642.14, the W-E-1 is extremely overdue with a projected low of 4769.57.

Yesterday's SPX Cycles Short Range Chart.



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