SPX 500 CONTINUES DOWNTREND TO 3167

Reference to my previous post, the SPX broke 3867 to the upside and continued the rebound to its weekly pivot of 4246 falling short at 4141 on 13th dec 2022

The rebound ends with a short signal on 161222 from 3874 resuming its downtrend target of 3167 (The last weekly long signal on 010620)

Long term PULLBACK since 010622
Medium term DOWNTREND since 140222
Short term DOWNTREND since 161222

PIVOT 4131

Short positions below 4131 for 3167 and 2842
Long positions above 4131 for 4996 and new ATH