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The Market Just Broke Its Downtrend—Is the Crash Canceled?

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The market broke its downtrend last week but established a new intermediate downtrend channel, with cycle alignments suggesting an intermediate low forming here. However, failure to mount a significant rally from current levels or a breakdown of key support could still trigger a crash.

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