SP500 E-MINI FUTURES 6TH NOVEMBER 2022 MONTHLY REPORT

 

S&P SECONDARY & PRIMARY CYCLES

    October low swing and 3,922 in the Secondary Cycles has formed resistance.

My longer-term view hasn't changed, the BEAR MARKET TARGET of 2,575 is still in play,
as well as 3,350 this month

Currently 3,715 in the Secondary cycles is supporting price and may see a rise up this week into the November 50% level 3,861 - resistance


S&P PRIMARY AND WEEKLY CYCLES

Next week's 50% level is support with an expectation is rising up into the November 50% level.

It wouldn't surprise me to see next week consolidating in a tight 5 days range and then head lower.

Below the Weekly 50% level, and its following the Larger cycles down 

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