Once that occurs, I will then be looking for a potential larger reversal back down to retest the monthly 50% level in November, as shown @ 4190 (Previous Weekly Report)
SPI Monthly and Weekly cycles
The market did the opposite of what I was expecting, as it moved down into the November 50% level early in the month on the back of weakness in the S&P 500 (Read US Index Report)
Next Week:- trend guide is based on the Weekly 50% level, with an UPward bias
I still have the view that the Market is trying to rise up towards he November highs, and the 4th Quarter 50% level...@ 4519
Unless next week is trading below the Weekly lows, as this could put weakness into the market towards 3856.
