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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (39511)	9/25/2023 5:33:54 PM
From: northam	5 Recommendations Recommended By Bull RidaH skier31 The Ox toccodolce Tweets Boar Hog Read Replies (1) \| Respond to of 41114

We are in a Weekly correction projected low 4185.96 From the Weekly Bear cycle low of 3808.86 put in the week of 3/13/23 The Weekly Bull cycle gained 20.96% off the 3808.86 low and put in a cycle high of 4607.07 during the week of 7/24/23 Then the Weekly went into another Bear Cycle starting 8/21/23 and dropped 5.44% from the 4607.07 high to 4356.29 during the week of 8/21/23. Then the Weekly went into a Bull Cycle and gained 4.25% from the 4356.29 low to a high of 4541.25 during the week of 8/28/23 So that brings us to the present Weekly Bear Cycle that started 9/18/23 and has currently dropped 5.25% from the high of 4541.25, the Weekly is currently in the lowest degree of a Bear Cycle (W-S-1) projected low 4287.87, the low was due last week, however the weekly is currently in W-1 territory which is the average degree for a Weekly Bear Cycle, it is currently projected to be confirmed at the close on 10/6/23 and the low of 4185.96, is due by 10/6/23. From the W-1 the Weekly can either continue downward into a Weekly W-E-1 which is extremely overdue with a projected low of 3533.63 or it can go upward to a new Bull Cycle with a current projected high of 4635.47. Right now either direction is possible, however for the Weekly W-E-1 to get confirmed the Weekly MACD (12,26,9) has to cross below the zero line. The earliest the Weekly W-E-1 can be confirmed is at the close on 10/20/23. The problem with that is the Daily extended Bull Cycles are extremely overdue, it's been 27 Daily cycles sine the Daily Bull Super Cycle (D-SC-2) has been confirmed, the record is 28 cycles which occurred 9/12/2007, which put in the high before the 2008 crash which eventually caused the Yearly Bear Cycle to be confirmed at the end of 2009 with a low price of 666.79. The Daily D-SC-2 has a current projected high of 4745.62. So I don't believe this is the big decline that you are looking for. The Yearly Bull Cycle that started January of 2010 is projected to continue to 12/31/2034 with a projected high of 10331.27, the Yearly Bull Cycle is currently in STRONG BULL territory, it's currently in an OB condition which it has been since 2014. The Quarterly just went thru a Bear Cycle that ended in December, it's currently in an unconfirmed Average Bull Cycle which has a projected high of 7596.37, so I expect we will seen new ATHs before we see your 3491.58. In summary: Since the 3491.58 low, the SPX Weekly cycles have gained 17.45%, dropped 8.20%, gained 11.45%, dropped 6.37%, gained 3.83%, dropped 6.61%, gained 20.96%, dropped 5.44%, gained 4.25%, and now has dropped 5.25% = a 26.07% gain since the 3491.58 low. We could drop another 1 or 2%, but with the Daily D-SC-2 & Weekly W-SC-2 both extremely overdue, there could be a 40% gain about to begin.