The S&P 500 broke its initial meltup channel but held a wider uptrend, making new highs, with the path of least resistance still pointing up. All major cycles — from 13-week through 10-12 month — remain synched to the upside, with cycle screening data confirming broad participation. Near-term resistance at xxxx is the key test; clearing it opens targets of xxxx, while the long-term cycle structure points toward xxxx.
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This report includes the support and resistance levels, cycle projections, conventional price targets, and indicators to watch to determine the direction of the next big move.