the Procter & Gamble’s, MacDonalds,Colgate, GE up on the day
and every hot stock in the metals, materials and tech sector is down dramatically.

S&P-
long term we remain in the bull move.
a weekly close below 1079 reverses the trade and would activate the 976 target.
950 on the monthly is the short entry price to 752.
the cycles finish in late feb and early march, so i expect the pressures in these next few weeks to give some indication how price will react.

But, whatever we think about the longer term, the daily triggered the 1126 sell signal and has quickly met the first two targets of 1103 and 1092. the next 1058 target is in reach.
at the Friday close, we are oversold with some intraday divergence, so i would look for consolidation off the 1092.

then see what the signals generate.

need a close above 1120 to get long again.