S&P 500 Primary & Weekly Cycles
S&P 500 Supported right on the 2020 50% level at 3007
If looking for a Short, the Weekly 50% level from the 1st of July at 3065 is worth a shot.
If it breaks the July 50% level and Weekly lows, Sellers will HIT the S&P sending it back down into 2637
Bullish pattern would be a move down into the July 50% level, consolidate for 5 days and then break the 5-day highs the following week, as it goes looking for the JULY & 3 Quarter highs
NOTE - there are 3 support zones (Weekly lows, JUNE LOWS, July 50% level)
It's either Robust Support, or a valid break.
What it does, BITCOIN will follow
