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SP500 :

Nov 21-22nd is the next key date to watch for potential counter trend Low before resumption of trend up.

Curve No 1 shows trend down into Nov 21-22nd at 240 Deg an important Seasonal date for change in trend. The second date indicated is X which has been drawn in as a potential counter trend Low - this date is a Minor Cycle so our first strategy would be to watch how price is moving up into this date then a few days before hand the position of the market should allow us to determine if we are either setting up into Top or counter Low  and then the appropriate action would be taken at that time . By knowing these points in advance a time based structure can be laid out  then the position of trend would be observed as we move into these dates. The most likely scenario at the moment is a possible Low into the target date so if this sets up we could look to enter long on the next higher bar and set a time based stop around the 21-22nd Nov date.  Last week I had prepared two potential Curves outlining the direction of trend but as we roll into this date and the structure of the current correction a Low looks more likely. There are several dates of Minor and one of Major degree outlined on the Curve which is projected out till the end of Dec on my website but my initial focus is seeing how we set up into the target date and if price is lining up against any of projection points.  By studying  past Campaigns we can sometimes get a line on what to expect in the future. Ranges and time periods will sometimes repeat or come fairly close over the years and by studying the current position of the market in relation to past structures gives us an indication as to where we may be located within the current Cycle

2018 we were down into late Dec for Bear Low

2019 we were up through Dec and Jan

2022 up till mid Dec then down into third week of Dec

2023 up through Dec and Jan

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