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Strategies & Market Trends : Humble1 and Swing Trading Friends
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To: humble1 who wrote (39918)4/4/2024 8:40:51 PM
From: northam2 Recommendations

Recommended By
cycleupcycledown
toccodolce

   of 41086
 
The Weekly, Monthly & Quarterly are OB.

The Daily extended Bear Cycle is extremely overdue projected low 4848.66.

The Weekly is just likely pulling back to the upper trend line, then the Weekly should confirm the Bull Super Cycle 4/15/24 with a projected high has already been exceeded, so we really need a short weekly bear cycle to reset the weekly bull cycle projections.

Bottom line: SPX pulls back possibility of a weekly bear cycle if the daily D-E-1 gets confirmed. Then either the weekly bull cycle projections get reset higher and the SPX goes to new ATH in May/Jun.

Right now the SPX is projected to close the year at 5406.49 to 6851.81.

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