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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: badger3 who wrote (172379)4/26/2022 2:02:10 PM
From: northam2 Recommendations

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da_spot
toccodolce

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Here is the SPX Yearly chart. SPX remains above the Yearly EMA 3, which is strong Bull territory. The SPX Yearly Bull Cycle is currently projected to end 12/31/2034, with a projected high of 10331.27. During a Yearly Bull Cycle you will have 3 or 4 Quarterly Cycles, possibly 16 to 20 Monthly Cycles, possibly 60 or more Weekly Cycles.



Here is the SPX Quarterly chart. SPX is below the Quarterly EMA 3, which is showing some weakness. The Quarterly Cycle is due for a Bear Cycle next Apr-Jun.



Here is the SPX Monthly chart. SPX is below the UTL (top green line) which is Bear territory. So the Monthly could confirm a Bear Cycle at the end of May projected low 4210.88.



Here is the SPX Weekly chart. The SPX Weekly is currently in it's 3rd week of a Bear Cycle. The Weekly Bear Cycle could possibly end at the end of this week or it could extend. The indicators are currently in extended Weekly Bear territory, however, it takes 5 weeks to confirm an extended Weekly Bear Cycle (W-E-1) so the earliest a W-E-1 can be confirmed is 5/13/22. By that time the indicators could change significantly and the Weekly could be in a Bull Cycle.



Right now the SPX is just going thru a Weekly, possibly a Monthly Bear Cycle. Once this is complete, there will likely be another lengthy Bull run with the normal 60 min & Daily Cycles taking the SPX much higher, which then at some point the SPX will drop again and maybe longer into a larger Monthly Bear Cycle or even start a Quarterly Bear Cycle. That is how the stock market works.
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