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Strategies & Market Trends : SPX Cycles
UPRO 117.03-3.2%Oct 30 4:00 PM EDT

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To: northam who wrote (7101)10/10/2025 4:41:05 PM
From: northam  Read Replies (1) of 7179
 
SPX Weekly Chart. The Weekly closed below it's UTL (top green line), so possibility that Monday the Weekly could open in an UNCONFIRMED W-S-1. For the W-S-1 to get confirmed at the close on Friday, the Weekly must remain below it's UTL until the close on Friday. That maybe difficult as there are 3 of the 4 60 min Bull Cycles due next week. The Daily is currently already in D-1 territory just has to meet the duration requirements and the possibility of a D-E-1 is very slim because the Daily MACD (12,26,9) is 47 points above the zero line. So the low could be in and the SPX could start heading north on Monday.

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