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Nasdaq SP500 warning signs
Revisiting these levels means failure; sellers came in late day
Late day sellers came in on equities today. The QQQ 0.00%↑ is probably going to fall through as well as the rest of the indexes, in a final impulse down to the long term trendline. SPY 0.00%↑ has one at 425.00.
Im seeing a cyclitecnical failure and an increase in selling activity. Look at individual issues for weakness next week, if the major trendline at 425.00 fails on SPY.
The 80 day cycle also has a target of 420.00 on SPY. So Ignore that at your own risk if youre placing long trades on equities.
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