Cycles show that the Bull Market for SPX since 2009 has terminated at resistance. Price has been grinding along resistance, but failed yesterday with a key reversal.
A lower low is to be expected in the months ahead for SPX to start.
The model shows that the topping process will be characterized by whipsaws and chop. The topping process is shown forming as a double top.
SPX - 2017 Top Detailed Model: