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

To: northam who wrote (40114)	8/5/2024 7:54:42 PM
From: northam	Read Replies (1) \| Respond to of 41060

SPX Cycles Long Range Projection Chart. Today the SPX Weekly crossed below the lower trend line, the Weekly now has about a 99% chance of confirming the W-S-1 at the close on Friday. The Weekly closed today in W-1 territory which could be confirmed at the close on 8/23/24, but at this point I give it a slim chance, because there are 60 min & Daily Bull cycles that could negate the W-1. Also today at the close the Monthly closed in Bear territory, however, for the M-S-1 to get confirmed, the Monthly has to open on 9/3/24 below the Monthly UTL (currently at 5201.23) and remain below the UTL until the close on 9/30/24. So at this point it is a very slim chance for the M-S-1 to get confirmed.