Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 684.84

+0.6%

4:00 PM EST

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To: POKERSAM who wrote (172544)	4/27/2022 11:19:56 PM
From: northam	2 Recommendations Recommended By rogermci® toccodolce Read Replies (1) of 220518

I think it's far from over. The Daily is OS. There are some large Bull Cycles at the 60 min, Daily & Weekly levels that could take this market up fast. The Weekly Bear Cycle is due a low this week, the projected low was 4274.49, which has been exceeded. So it will do 1 of 2 things from here, either go up to 4490 for a new Weekly Bull Cycle or continue down into an extended Bear Cycle. The Weekly is currently in extended Bear territory with a projected low of 3599.75, but it can't get confirmed until 5/13/22, that is 12 trading days from now, a lot can happen between now and then. The Daily needs to get to 4386 for a new Daily Bull Cycle, the Daily Bull Super Cycle (D-SC-2) is overdue with a projected high of 4604.91, that would be a Bull rally lasting 29 trading days, that would easily get the Weekly to a new Bull Cycle. The Weekly Bull Super Cycle is also overdue with a projected high of 5145.62, that would be a new ATH.

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