S&P 500 Yearly & Primary Cycles.
Once back under the Yearly 50% level and April 50% level it was all down hill.
MAY LOWS is a random support level, as often we can see 2nd weekly support patterns that rise up into the Weekly 50% level or highs and then sell down on the 3rd week.
The Target on the downside is the Yearly lows of 2022
3830 - 3689
I would expect these levels to hold for the rest of this Quarter and probably provide June support.
The risk of the Yearly lows breaking most likely occurs late in the 3rd Quarter going into the 4th, which will result in a break and extend pattern in the Yearly range - 2023
Which often bottoms out in the 1st Quarter of 2023 and the end of the Bear Market
