On Jan 6 2022 and Jan 21 2022, we mentioned the various Time and Cycles, including the 980 TD Cycle looking for a 1/04/22 major swing High.
Evernsince that High, we saw a sharp decline, below long term red Trendline support, which now acts as Make or Break (MOB) Bull Bear TL resistance (1) on the current rallies.
We rallied into this long term trendline resistance at the 6/28 High at 3945.80 SPX, which remains MOB (Make or Break) Bull/Bear resistance to watch.
A 3rd fan-line (pink) break is bearish. We have now rallied into 7/8 double Geometric Time CIT (Change in Trend), into the 77 TD Cycle (grey lines) and into the pink 3rd fanline and red down channel resistance, suggesting we saw an important 7/8 double top with the 6/28 High and a reversal lower is due.
Conclusion & What's next: The long term MOB Trendline resistance is the Bull Bear divide to watch and we have rallied into 7/8 Time & Cycle cluster and double channel resistance.
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