S&P 500 Primary & Weekly Cycles
Hallmarks of a double bottom have played out around the 2016 lows.
However, even though it's playing out as expected, it's not a TEXT book pattern that screams BUY the market, because these lows should be occurring in March.
Therefore, it's more of a wait and see approach, and trade on the side of the February 50% level. If these are infact robust double lows, then price will need to consolidate above the FEB 50% and then continue upwards in March using the same dynamic 50% level.
