$S&, P;500; is still holding that all important zone of 4,200-4,250,
, We have constantly shared this zone as a MEDIUM term support,
, Finally its approaching that TIME within which this support should go away,
, MARKETS were waiting for CYCLES to aline.
, and they certainly have alined with yesterdays close.
Once 4,200 officially breaks MARKET would target MARCH 2023 low of 3,808 would take TIME though better to approach that in stages.
For immediate term we would watch for zone of 4,080-4,120 as a Target zone,
Increased volatility should finally become a new normal.
There is also a PRICE and TIME SQUARING equation here but for now it’s not essential to discuss that.
