Just a small update here on the
$SPX.
During my last update on it nearly a year ago, the green zone at 4,000-4,600 was the level I wanted to see held on any pullbacks for us to keep climbing- and after a 20% drawdown off the highs we front-ran it and made new all time highs once more.
That zone of relevance is now the BLUE zone below us which I expect will hold before the final, most aggressive leg of this bull cycle (the blow off top), begins.
Dips into the 5-6k region are for buying imo, but a move below the lows at 4900 would be trouble. Structurally we have a clear 3 waves up after completing our major 4th which means we are missing a smaller 4th (current dip) and final 5th to wrap up the larger cycle that began in 2009 at around ~700.
We are in the final innings of this 16-17 year cycle imo.