The S&P 500 has rallied from January 18 (Thu) to January 27 (Fri), and there is a high probability the index will see 5,000 by the first week of February. We call for a high around February 1 (Thu) and another high potentially on February 9 (Fri) before a decline until February 26 or 28 (Mon or Wed).
After that we are expecting continued rally and much higher prices until April. If 4,908 is broken above for a few days and closed above on the cash, the S&P 500 is very strong. If there's going to be a big decline this year, it would start in April or May and go down into July or August followed by a resumption of the rally till year end into January of 2025. At least the 60 year cycle goes up into the late part of 2025.
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