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today is the second of may 2022 my name is david hickson and in todayamp;#39;s market update i am going to be covering the s p 500 and the nasdaq and gold and bitcoin so we have many instruments to cover we need to start as always by taking a look at these disclaimers and making sure that you have read and understood them letamp;#39;s start with a quick discussion of the s p 500 or spx as you know from previous market update videos and if you havenamp;#39;t watched them i would encourage you to take a look at the previous videos because i do try to avoid repeating myself too much in these videos as you will know i have been watching two analyses one of which positions the 18-month cycle trough over here at the beginning of october last year and the other analysis positions the 18-month cycle trough over here at the end of february or early march which in this analysis is phased as a 20-week cycle trough both of these analyses are painting a fairly bearish picture as discussed in las