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Technical Analyst in Chief Saw Support Break and Jawboned the Market Higher

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The S&P 500 remains confined within a narrow downtrend channel, with indicators signaling major trend weakness. While a news-driven rally is under way this morning, if the index fails to sustain gains and if key support levels fail to hold this week, this would be a potential crash setup.

Here are the support and resistance levels, cycle projections, conventional price targets, and indicators to watch to determine the direction of the next big move. 

Posted in 2 - Advanced Cycle Analytics