The Cycle for SPX showed a bounce coming into the Orange arrow Cycle high. That has now occurred. Last week saw the strongest 1-week bounce in the last 2 years!! That is an impressive confirmation of the Cycle!
SPX has met the target for the Orange arrow high. A small dip is probable soon even though little more than some bouncing around prior to year-end is likely.
The Cycle shows a plunge into the Blue arrow Cycle low. The December low for SPX is very likely to be retested in January.