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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: northam who wrote (39935)4/12/2024 1:09:57 PM
From: northam   of 41086
 
Looks like good chance for the D-1 today at the close. A UPRO Buy Signal is possible today at the close of the 6th hour, target price 63.25.

I believe the D-1 will likely be the bottom of this Daily Bear Cycle. Monday the 60 min could confirm the extreme overdue 60-SC-1.

The Weekly will likely close today in Bear territory, but I doubt we get a Weekly Bear Cycle next week, right now all the 60 min Bull Cycle projections are above the Weekly UTL.

So we could be getting a nice Bull Rally starting Tuesday/Wednesday. The large 60 min Bull Cycle 60-E-2 & 60-SC-2 are both extremely overdue.
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