S&P 500 Primary & Secondary Cycles
As you know I've been bullish on the market with the caveat the Market could crash and head towards 100% of the range @2077-2060
We can see the change in the Quarterly cycles (50%) at the start of the 4th Quarter in October (left Chart) and it was always going to struggle to move back above the 2018 highs for the rest of November-December, as it needed to re-test support in December @ 2600
If the market was going to go higher, the weekly close on the previous Friday just couldn't close below the Support line @ 2600. Once that happend (confirmed breakout) it's now heading down towards the 100% of the range at 2077-2060.
If that happens, expect a decent DEAD cat bounce from around 2077, but with the expectation it will go looking for new lows in 2019 (Yearly Lows)
