SP500 OCTOBER MONTHLY REPORT PART 2 | 5th October 2022

 

SP500 SECONDARY & PRIMARY CYCLES

Rotations into 50% levels happen all the time, it's the 2nd week that will define the strength of the reversal. Will be hitting resistance around 3852- 3922. 2nd week, can set-up a Monthly move towards 4035-4063 (break)

SP500 Emini futures 1st October 2022 Monthly Report

 

SP500  Cycles

Start of the 4th Quarter, but I don't think there will be a large counter-trend move upwards like we saw at the start of July and the 3rd quarter - retest the break at 4287

There could be a short-term 1-3 week up move, but I think it will dip down into 3415- 3350 1st before it happens.

If I'm wrong and there is an up move at the start of October, the trend guide is 3602 (October lows) I think it will struggle to rise higher than 3780 - 3832 and then continue down into December.

My Crash levels are 2574 for 2022, 

but I don't think that's the low, the low will come in the 1st Quarter of 2023 (Feb/March) and lower prices, then we will see the mother of all counter-trend moves upwards.