4243 will determine whether the market rises up from the Weekly level @ 4221 (yesterday’s low)….
Or fails and moves down into the February 50% level.
Market moves down into the February 50% level @ 4204, found support for a number of hours...
but support failed, and price has closed below the February 50% level.
Not a good sign for the 1st Quarter, but it’s not unexpected….
As the Primary and Secondary cycles (below the higher timeframe 50% levels) have been bearish for over 6 months now, as per Weekly report.
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