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Strategies & Market Trends : SPX Cycles

UPRO 121.67

+1.9%

4:00 PM EST

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To: northam who wrote (5691)	8/1/2024 6:16:13 PM
From: northam	Read Replies (1) of 7394

Status Report. Today at the close of the 5th hour a 60-1 was confirmed. Today the Monthly M-E-2 continues in it's 16th month, it still may have another 177 trading days left, the projected high is 6442.37, the high is due 2/28/25. Today the Weekly again crossed into Bear territory, however the earliest the Weekly can confirm a Bear Cycle is Friday of next week at the close (8/9/24), so a long way out yet. Tomorrow at the close of the 1st hour there is the possibility of a 60-E-1 (Extreme Overdue). If the 60-E-1 gets confirmed, a UPRO Buy Signal will become active, price target 73.83.

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