Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 39.19

+8.3%

Nov 26 4:00 PM EST

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To: northam who wrote (193552)	9/26/2023 6:02:00 PM
From: northam	Read Replies (1) of 207052

SPX Cycles Long Range Projection Chart. The Weekly Bear Cycle (W-S-1) put in a new cycle low at 4265.98, that has exceeded the projected low of 4287.87. At the close on 10/6/23 there is the possibility of a Weekly W-1 (Extreme Overdue) projected low 4185.96, the low will be due 10/6/23. The Monthly is currently in Bear territory (M-S-1, due 11/23/25) projected low 4030.62, however the earliest the M-S-1 can be confirmed is at the close on 10/31/23. For the Monthly M-S-1 to be confirmed the SPX will have to remain below the Monthly UTL (currently at 4375.74) until the close on 10/31/23. Right now the following Bull Cycles have projected highs above 4375.74: 60 min 60-SC-2 (Overdue) projected high 4411.74, D-S-2 (due 11/3/23) projected high 4411.90 & Weekly W-S-2 (due 5/1/24) projected high 4595.91.

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