S&P 500 Primary & Weekly Cycles
We've seen the S&P 500 push up into the previous break in the Secondary Cycle at 2861.
With the amount of extremely negative fundamentals in the economy, I'm surprised it didn't sell down from the 50% level, instead of going up.
Can it go up higher?
It can go to the 50% level of 2020 at 3007.
What does this mean?
It means, then even though I'm extremely bearish, It actually might find support around the 2020 lows @2637 for the next 3 months.
