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Strategies & Market Trends : SPX Cycles
UPRO 117.90+1.8%Dec 22 4:00 PM EST
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To: northam who wrote (5486)5/30/2024 8:16:54 AM
From: northam1 Recommendation

Recommended By
toccodolce

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Looks like the 60-SC-1 may get confirmed today at the close of the 4th hour.

If the 60-SC-1 is confirmed another UPRO Buy Signal will become active, target price 63.43, also a SPXS Sell Signal will become active, target price 11.18.

Possibility of the extreme overdue Daily D-1 getting confirmed at the close on Friday.

If the 60-SC-1 is confirmed, that will be another 14 Bear points off the table, which will put the 60 min level in the green by 14 points.

If the D-1 gets confirmed that will be 7 Daily Bear points off the table, putting the Daily green by 13 points.

So by the close of the week the 60 min & Daily levels could be quite Bullish.


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