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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: northam who wrote (39964)	5/3/2024 7:32:38 PM
From: northam	Read Replies (2) of 41066

SPX Cycles Long Range Projection Chart. Today the Weekly confirmed a new Bull Cycle (W-S-2) projected high 5353.73, the high is due 5/10/24. However, today at the close the Weekly is currently in W-S-1 (Weekly Short Bear Cycle) territory. So it's possible the Weekly could open Monday in an UNCONFIRMED W-S-1. For the W-S-1 to be confirmed the SPX will have to open Monday below the Weekly UTL (currently at 5137.13 and remain below the UTL until the close on Friday. If the W-S-1 is confirmed at the close on 5/10/24, the projected low will be 4852.34, the low will be due 5/10/24. However, with the 60 min 60-SC-2 (60 min Bull Super Cycle) extremely overdue with a projected high of 5182.27, I doubt the W-S-1 gets confirmed next week.

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