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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.31-1.1%Nov 6 4:00 PM EST
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Recommended by:
da_spot
To: SGJ who wrote (169184)3/2/2022 12:17:48 PM
From: northam1 Recommendation   of 218547
 
Exec Summary:

The SPX is at a point where we could either go down to new Weekly Bear Cycle Lows and confirm a Monthly Bear Cycle at the end of this month, with a Monthly projected low of 4210.88 due 3/31/22 (if Monthly Bear Cycle is confirmed) and a Weekly projected low of 3719.72 due 3/25/22 (if the Weekly Extended Bear Cycle is confirmed Friday at the close).

Or

The SPX could propel upwards to the 4500 level by next week based on overdue Bull Cycles at the 60 min & Daily levels. If the SPX gets above the 4500 level the Monthly UNCONFIRMED BEAR CYCLE would then be negated for another month.

If the Daily Extended Bear Cycle (Extreme Overdue) can get confirmed at the close today and the Weekly Extended Bear Cycle (Overdue) can get confirmed at the close on Friday, then the upside could be enormous, because these 2 large overdue Bear Cycles would be out of the way, which removes large obstacles to the upside.
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