$SPX - The next 16 week cycle low is due in the 2nd week of March(March 9-13). In my opinion it's unlikely to drop to the November low at 6522. The probable target is the 40 week MA that closed the week at 6593 but will be higher over the next 2 weeks.
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$SPX - The next 16 week cycle low is due in the 2nd week of March(March 9-13). In my opinion it's unlikely to drop to the November low at 6522. The probable target is the 40 week MA that closed the week at 6593 but will be higher over the next 2 weeks.