Primary and Weekly cycles
New Primary cycle begins next week, and the S&P 500 will start the year above the year 50% level @ 1235.75.
That's a good sign to begin with.
As long as the S&P 500 doesn't break the Weekly lows and monthly 50% levels (1203) early in the new year the trend remains stable with an UPWARD bias.
4th Quarter 50% level @ 1274.50 that has formed resistance over the past 3-months has disappeared, and has dynamically moved to a support zone for the 1st quarter.
In conclusion:- Weekly 50% level and primary cycles 50% levels and seen as robust support zones at the start of next week. (1235.75)
