S&P500 close to confirming the new Bear Cycle.US 500CAPITALCOM:US500TradingShotThe S&P500 index (SPX) broke below its 1D MA50 again yesterday (even closed the day below) and is showing clear signs of weakness at least for the short-term. This can't be ignored as it may be transferred to the long-term time-frames where the market has been forming a Bearish Divergence on its 1W RSI since October 27. RSI Lower Highs against the market's Higher Highs. This is similar to the November 15 2021 1W RSI Bearish Divergence, which led to one last quick rally and 1.5 month later the Bull Cycle topped and the 2022 inflation crisis Bear Cycle started. The signal was given by a weekly closing below the 1D MA100 (red trend-line), which has been the market's natural Support in the past 5 months and also during every major Bullish Leg of the Bull Cycle. As a result, if the index closes a 1W candle below its 1D MA100, we will call the start of a new Bear Cycle, potentially aiming for the 1W MA200 (orange trend-line), which is where the 2022 Bear Cycle bottomed after a -27.62% correction. Our Target Zone for the next long-term buying will be 5300 - 5000, assuming the top is already in. If not, the -27.62% decline will be re-adjusted to the new top. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇