SPX Cycle Targets
· Reminder: Cycle price projections are fully met about 70% of the time. Directional accuracy (e.g., approaching but not fully reaching the target) extends to 80-90%.
· SPX has 19td and 60td targets below 7600, as shown in the chart.
· If it continues down toward these targets early this week, it may also generate an 80td cycle target below these targets.
· However, if the 60td target is not reached this week, the bounce that I expect will likely invalidate it; This does not have much impact as the 19td overlaps it and will be much harder to invalidate.
