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Non-Tech : Kirk's Market Thoughts
COHR 134.64+4.6%Nov 5 3:59 PM EST
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To: northam who wrote (14200)8/3/2022 1:38:35 PM
From: northam1 Recommendation

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Kirk ©

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As I said last week. This should be a long Bull Rally.

I don't see it reversing anytime soon.

We could see a 60 min extended Bear Cycle next week.

The next Daily Bear cycle is not expected until the end of the month.

The Weekly Bull Cycle has been confirmed, so now we see how high we get there.

Here are the 4 Weekly Bull Cycle phases and their projections: W-S-2 (3928.49) high due 8/5/22, W-2 (Overdue) (3982.97) high due 9/2/22, W-E-2 (Overdue) (4426.91) high due 12/9/22, & W-SC-2 (Overdue) (4495.41) high due 2/3/23.

It looks like the Monthly Bear Cycle low has been put in at 3636.87. So the Monthly could be headed for a new Bull Cycle. It will have to get to around 4360 for a new Monthly Bull Cycle to get confirmed.

If a Monthly Bull Cycle is confirmed this month, here are the phases & projections: M-S-2 (Overdue) (4354.39) high due 8/31/22, M-2 (Overdue) (5328.19) high due 2/28/23, M-E-2 (due 2/4/24) (6180.98) high due 6/30/24, & M-SC-2 (due 4/19/29) (7602.39)

The Quarterly Bull Cycle is currently in the 48th Quarter of a Q-SC-2, projected high 7849.98, the Q-SC-2 could continue to the 52nd quarter which is projected to end 12/31/23.

Here is my current SPX long range chart:

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