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Author: Lee Adler

Market Locked in a High‑Level Stalemate – Whither or Wither the Breakout?

The market remains rangebound and directionally uncertain. Key indexes are stalled at well-defined resistance levels while multiple cycle measures show waning upside momentum without confirming a breakdown. Signals point to continued churning unless resistance is decisively cleared or support is broken. 

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