Short term update

Support did not hold so the picture is looking more bearish now. The cycles and the indicators have shown a sell off into the end of November but I was expecting that support around 50% retracement will hold.....
Currently SP500 at 1166 and 61,8% retracement at 1160. I still think there will be a rally in December but only to relief the oversold conditions. Lets see how it will look like. After that for January early February a lower low than this one in November. Charts on the weekend.