S&P Monthly & Weekly cycles
Monthly Cycle support @ 1401.50
However, there's a weekly close below the Weekly lows @ 1410.50 that can often extend lower towards next week's lows @ 1388...
and then drifts down into the 4th Quarterly 50% level @ 1375 (SUPPORT)
therefore the trend is defined by next week's level @ 1409 for the next 5-days.
