40 Bar Cycle Chart - S&P 500 SPY SPX ES - Updated 121022

Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th), are markets set up for another short opportunity into the end of January (Q1)?

SPY Daily Chart Template

https://www.tradingview.com/chart/5jxKmPKL/

Which camp are you in on the short-term (end of year into Q1/23') direction of markets?

• Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED).
  
  
• Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED).
  

Let me know your prediction in the comments below!