S&P Weekly and Daily cycles
S&P completes the move in the January highs @ 1314:-
The monthly and Daily highs formed resistance (8.5 point reversal)....
There is a potential 2nd wave pattern towards new highs in February, as part of the breakout pattern from 1278 towards 1340
however, over the next 4 days we begin to look for an patterns in the 5-day range (daily cycle) that suggests a retest of that breakout before the next leg upwards.
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