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

To: northam who wrote (5650)	7/24/2024 1:05:21 PM
From: northam	Read Replies (1) \| Respond to of 7409

Status Report. The 60-1 confirmed at close of 2nd hour. Possibilities today 60-E-1 close of 5th hour, UPRO Buy Signal open of 6th hour, price target 74.89. D-1 (Extreme Overdue) today at close. I have added to this report on the bottom line the Upper Trend Line (UTL) price, above the UTL is BULL territory, below the UTL is BEAR territory. The Weekly is currently below it's UTL, however, for the Weekly to confirm a W-S-1, it must open on Monday below the UTL and remain below the UTL until the close on Friday 8/2/24. The 60 min & Daily UTL are both above the Weekly UTL. So if either of them confirm a Bull Cycle, the Weekly Bear Cycle W-S-1 could be negated. So right now the Weekly W-S-1 has a very slim chance of getting confirmed.