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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.92-0.7%Dec 31 4:00 PM EST

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To: northam who wrote (209976)4/4/2025 7:15:58 PM
From: northam1 Recommendation  Read Replies (1) of 221077
 
Report #1 Status Report. 60 min & Daily levels remain bullish. 60 min level is oversold. Today the 60-SC-1 got confirmed at the close. 11TH UPRO Buy Signal confirmed at the close. SPXS Bear Sell Signal confirmed at the close. The extreme overdue W-E-1 confirmed at the close, the low is due 5/23/25. The Monthly is in an UNCONFIRMED Bear Cycle M-S-1, it is now well below it's lower trend line, slight possibility that a M-1 could get confirmed at the end of June. With the 60 min & Daily levels bullish, I expect a relief rally in the short term. Possibility of a new Weekly/Monthly Bull Cycle in May which could easily propel the SPX back to the 6000 level, then I would expect the rest of the year to be very bullish to close out the year above the 7000 level.

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