S&P 500 YEARLY CYCLES
3671 has supported price and now has moved into July, with current support around 3,751
If it follows similar patterns as 2018 and 2022, then we are looking for moves towards retesting the break of 4,287 and also the Yearly 50% level at 4,400
1st Targets 50% levels.
Price is consolidating around the 2022 Yearly lows, and even though they can fail, it normally happens in the last Quarter going into the 1st Quarter of 2023 - Break Extend Pattern
Fundamentally, there's so much bad news around that further weakness can see prices much lower, CRASH - 2,731
Upside moves will be confirmed with a break of the Weekly highs,
which match the July 50% level 4,003
