S&P 500 E-mini Futures 5th December 2021

 

S&P 500 Primary & Weekly Cycles

Reversal from the 4th Quarter highs and down into the December 50% level.

It's not 'bearish' yet.

Above the December 50% level and likely consolidation going into the end of the Year.

Push down next week and likely to see continued selling pressure into 

1. 2021 Yearly highs @ 4014

2. drift down towards the 2022 50% level, which could result in a pump early in the new year to new 2022 highs