📉 S&P 500, new cycle or continuation?

👉 The cycle is very mature in time, but its end has not yet been indicated by a clear correction. This happens on powerful trends at the beginning of longer cycles (and we are at the beginning of a 50-week cycle, as you remember).

👉 Of the three NASDAQ stock indices, the only one showed something similar to an extreme. With the forecast for March 20, technically the extreme appeared on March 18 at the beginning of last week. But it doesn't look like a correction.

👉 Thus, we tentatively consider March 18 to be the beginning of a new cycle (the next 20 weeks). The beginning of any cycle is always bullish. The next reference point is April 20.

☝️ You should pay attention to the retro-Mercury period from April 1 to April 25. This is a separate topic that we will discuss in detail later. For now, it's important to know that the beginning, middle, and end of a Mercury retrograde period often become cycle extremes.

✋ Option: If the breakout on the S&P 500 and Dow Jones turns out to be false, and next week the markets break through the low of March 15, the current cycle will continue, and March 20 will become its upper extreme.