S&P 500 Monthly & Weekly cycles
As noted in last week's report, the trend was likely to remain above 1474 and continue to trend up into 1496 (Resistance)
my view is now is for the S&P to move down towards the 5-day lows, as a minimum move, but then continue to extend up into the February highs
It may continue to follow the Weekly cycles highs, but after 4weeks of not once retesting those 5-day lows, next week is the best chance as 1496 continues to act as resistance.
