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Market at Critical Juncture: Will the S&P 500 Hold or Crater to 6500

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The S&P 500 is currently testing key support levels within a short-term downtrend channel following the US attack on Iran over the weekend. While short-term cycles suggest a possible bottom, long-term momentum is weakening, placing the market in a high-risk window. We need wait and see for one or two sessions, to estimate whether this action deflects the market to a lower trajectory, or merely creates temporary distortion.  

Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next big move. 

Posted in 2 - Advanced Cycle Analytics