S&P 500 Monthly & Weekly cycles
Monthly cycles are showing potential further weakness, as it is trading below the 4th Quarterly Support levels @ 1374.50
whilst the November lows are supporting the trend @ 1346.50., after following last week's break-n-extend pattern
Next Week's trading is simply based on the Weekly level @ 1364...
as to whether it can rise back towards the Weekly 50% level
or continue to butt its head against 1374.50 (4th Quarter) and potentially move down into next week's lows @ 1332.
