| | | Kirk,
I'm not a day trader.
I give projections for 60 min, Daily, Weekly, Monthly, Bull & Bear cycles as they are confirmed.
Just like at the end of December, a Bear Market (Bear-S-1) which is a short bear cycle was confirmed with a projected low of 2560.77 which was exceeded, the current Bear Cycle low is 2346.58, it's looking like that will be the low.
On the SPX Monthly chart. The SPX is currently in Bull territory, based on the MACD (3,8,1) which is a great indicator for long term Bull/Bear markets. If the MACD (3,8,1) closes the month above the zero line a Bull-S-2 will be confirmed. The Bull-S-2 (due 1/12/22) projected high is 2832.10. A Bull-S-2 normally puts in a high by the 5th month, which will be June 2019. A Bull-S-2 average duration is 6 months, which will be July 2019. Now if the Bull-S-2 continues past July and the indicators are aligned for a Bull-2 (due 2/26/26), then a Bull-2 could be confirmed at the end of August with a projected high of 3762.25 and the high will be due at the 16th month which will be May 2020, a Bull-2 average duration is 18 months, which will be July 2020, now if the Bull market continues to August 2020 and the indicators line up for a Bull-E-2 (due 5/30/21) with a projected high of 4552.85, the Bull-E-2 normally puts in a high by the 37th month, which will be February 2022, and the Bull-E-2 averages 40 months, which takes it to May 2022.
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