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Daily 50% levels and blue channels looks to be pushing the S&P lower. Red filter random support @ 1361, matching April 50% level.
S&P Weekly and Daily cycles
Early resistance around the daily channel and 50% level pushed price lower (8.5 points)
This aligned with the Random support zone @ 1361, which matched the April 50% level and Weekly level...
resulting in a late move upwards and higher daily close
Posted by Frank Dilernia