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Author: Lee Adler

Market Broke Long-Term Trend and Cycle Indicators Turned Lower

The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops. 

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

S&P 500 Breaks Below Key Trendline at Cycle Top

The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops. 

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

The Stock Market’s Wedge of Reckoning

The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops. 

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