The market retraced into clustered support but preserved its broader uptrend. Multiple intermediate cycles slipped into down phases, although none have broken long-term rising channels. Short-term cycles remain out of sync and imply continued churning. Early-week action is pivotal because several indicators sit directly on inflection points where failure would trigger deeper declines, while a modest continuation of Friday’s rebound could generate short-term buy signals.
Here are the support and resistance levels, cycle projections, and indicators to watch.