S&P Primary & Weekly Cycles
As mentioned week's ago, retrace of the 50% of the range from the 100% lows in 2020
Thursday's close is exactly the 50% level @ 2785.75% of the range from the 2020 highs and the lows.
It could push up a bit more into 2861, however, everything around these levels are high risk on Longs.
The ideal pattern is a major sell down into the MAY lows.
Another bounce into higher highs, and then it all goes to shite in 2021.
