There is an active Inverted cycle that has been in the markets for some time and recently called the 12/03/19L, 12/13/19H, 12/31/19L, 1/22/20H and is now suggesting a 2/13/20+/-3 major High.

(Click on image to enlarge)

This is supported by a dominant 282 TD (Trading Days) fixed cycle that has been in the markets for 13 years now, since the October 11, 2007 major High.

282 TD Cycle: 10/11/07H-282-11/21/08L-284-1/11/10H-279-2/18/11H-281-4/2/12H-285-5/22/13H-281- 7/3/14H-284 -8/18/15H-282 TD- 9/29/16H-284-11/15/17L-282-12/26/18L-282- 2/12/2020+/-3.

Conclusion: The markets rallied into an 11 year Long term channel resistance, since 3/06/09L, at the 3380 SPX area at the 2/12/20H, combined with the active inverted and the dominant 282 TD cycle. Price, Time and Cycles converged and we may be looking at a major High in this time frame.