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Strategies & Market Trends : SPX Cycles -- Ignore unavailable to you. Want to Upgrade?


To: northam who wrote (5438)4/23/2024 7:00:31 PM
From: northam  Read Replies (1) | Respond to of 7275
 
The Daily D-SC-1 got confirmed today at the close, so the next Daily cycle has to be a Bull Cycle.

Tomorrow hopefully we get a pull back, I'd like to see the Weekly W-S-1 get confirmed on Friday, then we could blast off on Monday.

If the 60 min 60-SC-2 gets confirmed on Thursday, along with a Daily D-S-2 (Bull Cycle). They would have to exceed their projections for the W-S-1 to get negated.

If they fail to negate the W-S-1, then we could see a large drop into a new Daily Bear Cycle, and then the Weekly W-E-1 (Extreme Overdue) could come into play.

So if we can hold off on the 60-SC-2 (Extreme Overdue) & D-S-2, and get the W-S-1 confirmed at the close on Friday. Then Monday could be a huge upside getting a new Weekly Bull Cycle confirmed. All four of the Daily Bull Cycles are due between 4/30/24 to 5/25/24. There is 1 Weekly Bull Cycle currently overdue, another coming due 5/1/24 and 7/29/24. If the W-S-1 gets confirmed, that leaves only the W-E-1 (Extreme Overdue) on the bear side. So we could see new ATH in May.