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going Updated 

We got confirmation of closing a L-T (long term) cycle (about 7 yrs) in feb2016 by the closing of first yearly cycle that is happening in these weeks. This idea could be enforced by inverse analysis which confirm the start of a 7y L-T cycle (inverse) in the second part of 2015.

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SPX500 is on top of the 2-yearly cycle: starting at the beginning of feb2016 and found its mid-term point at the begining of nov2016, we now are waiting for the end-point ETA within 5/6 months. At the reverse, we can see that at in feb2017 ended the second Yearly cycle, and are witing for a new wave (yearly or 2-yearly) that will carry new lows in a short time.

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Chart to try and separate trading periods in short and medium term cycles