S&P 500 Primary & Weekly Cycles
Looks to be hitting the 3rd Quarterly highs in September 4580.
Can it continue towards the 100% of the Primary range at 4804?
It can, but it looks more likely in the 4th Quarter.
Therefore, the Weekly lows are once again the support level, which matches the September 50% level at 4,400.
Validate the support with a lower Weekly close and then use a lower weekly open rising up from $4400.
Long-Term
it's in a 2021 Yearly breakout, so the expectation that price will continue to trend upwards into the 1st Quarter of 2022, similar to 2020.
