SPI YEARLY AND PRIMARY CYCLES
Target of the downside is the May lows 6787, which might not happen until next week.
However, I think the SPI will push lower in June and touch the Yearly lows around
6430 - 6565
and mostly hold support for the rest of the Quarter.
a True Bear Market will break these Yearly lows late in the 3rd Quarter and extend down into the 1st Quarter of 2023, which will complete the bear market bottom.
So any buying around the 2022 lows this Quarter, keep stops tight later in the 3rd Quarter
