But, the breakout will have to hold above 2742
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But, the breakout will have to hold above 2742
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The S&P 500 is holding at the 200-day average. The near-term trend is positive and I am looking for a test near the April high of 2717. A breakout above the April high would be a positive near-term signal for the S&P 500.
Here is a live 4-year weekly chart for the S&P 500 Index.
Reference my last post for the S&P 500 index.
Here was my post on the sector performance.
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Reference my last chart analysis for the S&P 500
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S&P 500 down 5.95% for the week with an ominous shaven head and shaven bottom candlestick that is testing the 200-day moving average.
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Reference my post from February 5, 2018: S&P 500 will test support around the 40-week moving average which translates into a 10% correction. It must stop there or I will need a more dire post.
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