S&P 500 YEARLY AND WEEKLY CYCLES
If there's early selling pressure at the start of January, then it's down into the 2022 50% level at 4405, then look for a potential bounce to follow the trend towards those 2022 highs
PREVIOUS REPORT
CURRENTLY SUPPORTED AROUND THE 2022 50% LEVEL
Looking at support in the Yearly range, as well as bouncing off the January lows, we would now look for a move higher, as long as it's above the February 50% level.
However, It would not surprise me to see February actually choppy going into March.
With February closes below the Yearly 50% level, then there's pain ahead.
