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Strategies & Market Trends : SPX Cycles

UPRO 115.74

+2.6%

Dec 19 4:00 PM EST

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To: northam who wrote (5497)	6/6/2024 9:05:05 AM
From: northam	Read Replies (1) of 7343

Today at the opening of the 3rd hour there is the possibility of a 60 min 60-SC-2 (Overdue). If the 60-SC-2 is confirmed a UPRO Sell Signal will become active, target price 75.44 For me, if the 60-SC-2 is confirmed I will be selling all of my green UPRO positions (currently 3). Reason: The Weekly is not yet in W-E-2 territory & the current W-2 high is due tomorrow. Now if the Weekly gets into W-E-2 territory, I will hold. Right now the Weekly MACD Histo (12.26.9) is currently red (-2.39), it needs to turn green to get the Weekly in W-E-2 territory.

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