SP500

Was initially expecting a low to come in on the 28th December but sometimes these Cycles can run -/+1 so we shift our focus to this evening. The chart below presents an outline and compares previous patterns against the current position of the market . There is a particular procedure to follow when looking at these dates. It was clear that we didn't get a low last night and break through the current level so we take no action until the price moves under that point even if marginally . Concentrate on the two price levels outlined in my previous post and mark them on your chart as they can be used as stop loss points . If we move down this evening and price culminates against one of those levels it should be a strong indication that are low and due for a significant move up.