On /1/24/2017 it took out prior swing high at 2282.10 and made a new high. This action extended the beta cycle phase on both the daily and weekly cycle level. We suspect it will eventually crawl to 2300ish level before any significant correction. The buy the election and sell the inauguration trade was too obvious and too easy. The market is doing its best messing up everyone’s head. We at PricenTime.com are cognizant of the nature of cycle forecast. We had the expectations of the pending weekly cycle top, but we have been waiting patiently for its confirmation. It has to take down 2254 before the top is confirmed. So we kept our powder dry on the short trade. One day rally extended the cycle, but didn’t change the cycle location completely. The correction will come when you least expect it.