I have seen something really interesting: I have been observing the daily chart and I saw that every 198 bars Sp500 maks major turning points.
The S&P 500 just closed a 198-bar cycle on the daily chart—a pattern that has historically marked major turning points. Last Friday (Nov 21) was that moment.
While headlines scream recession and some see in the monthly a possible head-and-shoulders setup pointing to a 1929-style collapse, I see something different: a structural bottom and the start of a new bullish leg.
Cycles don’t lie. Every time this rhythm completes, SPX moves decisively—and this time, the setup favors the upside.
📈 My view: The market is gearing up for a rebound.
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