The next trade in the S&P 500 is a long category A or E trade. I discuss the reasons why I still prefer the analysis that places the 20-week cycle trough on 2 February 2015.

I also talk about the short trade in the S&P 500 and describe how and why I bent the rules slightly on this one.

And I describe a different analysis approach that I use when troughs are difficult to identify, such as is occurring now in the EURUSD.