S&P 500 Primary Cycles
We should see the trend move down into the July lows.....
From there on it gets interesting, as price will need to bounce, break the 5-day highs, and then the August level (Yellow) will define whether global markets rise upwards into the end of the year. (Previous Report)
The S&P didn't move as low as the July lows, but formed support in the 2nd half of the month above 2058. (Yellow)
As noted in the previous report, the August level at 2085 (Yellow) will now define whether the trend makes move back towards the highs @2133) and more...
