S&P 500 Primary Cycles
Not surprised to see it spike down to 3257, as it did in 2020, but it's from July we begin to look for counter-trend moves
If trading around 3257 coming into the end of the 3rd Quarter, there's a world of pain going into 2023 and much lower prices, which would be a 2022 Break & Extend Pattern down into new lows for 2023
S&P 500 Monthly Charts
We're coming down into levels that have previously provided a Target and also the Break & Extend Patterns from one Quarter into the Next. (3rd Quarter)
Similar Patterns in 2018 and also 2020
Down Target 3671 that may spike down to 3,257
Once we move into the 3rd Quarter, we begin to look for a retest of the break up at 4287.
