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

SOXL 44.21

+1.2%

Dec 24 4:00 PM EST

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To: northam who wrote (197705)	4/12/2024 8:06:11 PM
From: northam	2 Recommendations Recommended By #Breeze DD™ Read Replies (2) of 207452

SPX Cycles Long Range Projection Chart. The SPX Weekly closed below it's UTL (currently at 5135.70) which is Bear Territory, for a Weekly Bear Cycle to be confirmed the Weekly will have to open on Monday below the Weekly UTL and remain below the UTL until the close of the week. Probably a slim chance of getting confirmed because all of the 60 min Bull Cycle projections are currently above the Weekly UTL level. If by chance at the close on 4/19/24 the Weekly confirms the W-S-1 (Overdue) projected low 4971.09, the low will be due 4/19/24. If the W-S-1 were to get confirmed that would actually be bullish, as the Weekly Bull Cycle projections would be reset to a lot higher levels. If the W-S-1 doesn't get confirmed next week, the Weekly W-SC-2 (Extreme Overdue) will, however the Weekly W-SC-2 projected high of 5072.54 has already been reached. If the W-SC-2 doesn't get confirmed, it will remain extremely overdue, which means we could go from a W-S-1 to a W-SC-2 which could be a 500 to 1000 point gain over the next 28 to 30 weeks.

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