SP500 Update

The down turn from approx Jan 15th has been more intense than expected. This looks like it is ripe for a bounce up to the 50% or 61.8% retracement of the move down. So this would be approx. $1,114 - $1,122. $1,114 is also on the 50dma. See Chart below.



This should only be a bounce and more downward movement is expected after da bounce.

Timewise this move down has been on the 6 week cycle and I am expecting the 50 week cycle trough in the March timeframe. Dates I am looking at are Feb 3rd which is a Mercury shadow date and could mark the bounce and March 10 for the 50 week trough, which is the Mars direct date. Both dates should be +- a few. Following are charts showing recent history of the Mercury shadow dates and Mars Direct. They are charts of the DJIA.