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The S&P 500 is testing key resistance at xxxx. A breakout could signal a short-term uptrend, while failure to hold would complete a head-and-shoulders top pattern, with a conventional measured move target at xxxx. Non subscribers can click here to access a risk free trial.
- Key Levels:
- Support: xxxx, xxxx
- Resistance: xxxx, xxxx
Dow Jones Industrial Average: The Dow is challenging its downtrend channel. A close above xxxxxx signals a breakout, while failure risks falling to support near xxxxxx.
Cycle Analysis: Short-Term: Market strength could confirm a xxxxxx xxxxx xxxxx
- Long-Term: Vulnerable below xxxx, but potential remains for xxxxx by mid-2025.
Indicator Review: Mixed signals. Short-term indicators lean xxxxxxx, but intermediate cycles show xxxx xxxxx. Sustained gains this week are xxxx xxxxx xxxxx.
