Hi Bob,
Always appreciate your feed back and market view.
I sold all my UPRO positions last week, during the last 60-SC-2 sell signal.
The Weekly high was due 11/7/25. So the Weekly is due a Bear Cycle any week now.
The Weekly will remain in it's Bull Cycle (W-SC-2) this week, it is currently in Bear territory, so possibility of a Weekly Bear Cycle starting next week, but that is still a few days out.
Today the 60 min confirmed a 60-SC-1(Extreme Overdue) & tomorrow it looks like the Daily may confirm a D-E-1 (Extreme Overdue) the low will be due 11/25/25, projected low 6336.78. So I expect a very good chance the Weekly W-S-1 (Overdue) will get confirmed next week, the low will be due 11/28/25, projected low is 6529.36. It's possible the Daily could continue into a D-SC-1 (Overdue) projected low 6209.78, and the Weekly could possibly continue into a W-1 (Overdue), projected low 6369.97.
If the D-E-1 & D-SC-1 get confirmed, we could see a large upside move in December as the D-E-2 & D-SC-2 are both due and currently projected for ATH.
The Monthly chart is showing a little bit of weakness, but still well into Bull territory. The Quarterly & Yearly charts both remain in strong bull territory. I expect the Yearly will confirm another Bull year 1/2/2026.
Bottom line: I believe we are possibly going into a short to average Weekly Bear Cycle lasting 1 to 3 weeks, then head back to new highs, when the Weekly Bear Cycle is confirmed, it will reset the Weekly Bull Cycle projection to the 8000 level or higher.
So I plan to continue to buy my buy signals, and will likely sell my profitable positions during sell signals, until another long term Weekly Bull Cycle (W-E-2) is confirmed.
I read most of your posts, your always doing something, that's great! Wish I had your drive.
Take care!
Lindy |
