SPI Monthly & Weekly cycles
S&P continues to remain in an upward trend:- Target March highs.
We saw a break of the Weekly lows earlier this week, but it didn’t precisely hit my downward target of 1474, but as we can see, it has quickly resumed its upward trend.
What we also notice is that the past 4 weeks price has struggled to break the random Resistance zone around 1520, but that's now pushed up into 1533 in March
Therefore there is still the possibility that there’s downward pressure towards 1474, which is now matched with the MARCH 50% level, and then continue up into the MARCH & then the April highs
1474 is seen as Support
