SPX500 Neutral or waiting for new lows

SPX500 is on top of the 2-yearly cycle: starting at the beginning of feb2016 and found its mid-term point at the begining of nov2016, we now are waiting for the end-point ETA within 5/6 months.
At the reverse, we can see that at in feb2017 ended the second Yearly cycle, and are witing for a new wave (yearly or 2-yearly) that will carry new lows in a short time.