S&P 500, VIX, MACD, Seasonality, and LT Hurst Cycles Projection

S&P 500 E-mini Futures (daily bars). 

 Daily trend is up. Weekly close above monthly R2. Daily NR4. Daily MACD (9,13,9) remains supportive. 

Entering Week 2 of the 3 Week Cycle. Monthly True Open. Top of 20 Trading Day Cycle around November 15-18. 

Major news on Wednesday, Thursday, Friday.

Volatility S&P 500 Index (daily bars).
Weekly close at multi-month support; NR7, 2BNR. Reaching for S2, S3 likely.

Jeff Hirsch's November Seasonality during Election Years.

Winter began on November 7; Light Snow on November 22.  

US stock indices may move sideways to up into mid-November.

ChartingCycles, November 6, 2024.

Hurst Cycles Composite Model suggesting the month's swing-high was reached on November 8.

See also: 41-Month Kitchin Cycle Topping Patterns.

S&P 500 Cup-and-Handle Breakout Targets 5,930 & 6,180 | Stephen Suttmeier

The S&P 500 has experienced a bullish breakout from a cup-and-handle formation that formed between July and September, indicating potential upside targets of 5,930 and 6,180. 

Seasonal trends for the fourth quarter further support these targets. Last week’s tactical breakout appears strong, with support near the 5,775-5,745 range. Importantly, the cup-and-handle pattern remains intact as long as the S&P 500 stays above the 5,600s.

Stephen Suttmeier — October 15, 2024.