$S&P;500 and NASDAQ;COMPOSITE UPDATE

$S&P;500; and NASDAQ;COMPOSITE are eying magical figures of 5,000 and 16,000,
In our last update here we posted on an expected pullback on both these INDICES which did played out initially but post results from META that got reversed.

We also shared date of 1st,FEBRUARY as a very important CYCLE DATE,
so as long as INDICES are maintaining the INTRADAY LOWS of 1st,FEBRUARY on a closing basis technically there wont be any INDICATIONS for a REVERSAL.

Although PATTERNS have completed and we have everything which is required to get a meaningfull REVERSAL,
we still have to wait until supports are broken convincingly.

LEVELS of 4,840 and 15,150 are key supports once that breaks we could get MARKETS closer to january lows.
To add further to this,
DOLLAR and 10,year YEILDS have very strong setups,
higher highs are certain here.