S&P;500 update

$S&P;500; went above DECEMBER high which have made PRICE setup quiet complicated, earlier we gave less probability for S&P to trade above 4,101 which was the high of previous quarter but does the break of 4,101 confirms start of fresh BULL MARKET??
well we have discussed internally alot on this matter. We again went through the entire process of our long term forecasting model reviewed all CYCLES from 1901 and at the end came to the conclusion that CYCLE Low has to be in 2023, not in 2022 and there are no alternates for this condition. So BEAR MARKET is still not completed because (TIME CYCLES) are yet to complete their rotation. Hens no matter PRICE have gone above critical resistance but this has not been supported by TIME, so this can well prove out a potential fake out, but we would keep a watch on that. In our review here on 19th,january we focused on 2,points,1, a daily close below 3,888 and 2, break of 3,850, both things din’t happenned.
So market dint gave that indication of throw over. Going forward level of 4,020 holds the key. Once S&P gives a close below 4,020 our objective of potential fake out would materialize in coming days. We still continue to hold our view that OCTOBER low of 3,491 on S&P is not a CYCLE low. There are Lower Lows required to complete this BEAR MARKET, let’s see how CYCLES overtake Technicals may not take much TIME. U.S. 10,Year YIELDS have signalled next leg higher, and $ too have rallied from 101, would be intresting to see how this impacts EQUITY MARKETS!

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