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Stock Market Secular Trend Indicator Breaks 3 Years of Lows

The market broke a couple of key support levels before rebounding to close above them. The SPX still managed to notch the lowest closing price yet in this bear market.  A key long term trend indicator also made a new low, breaking a string of lows dating back to late 2012. If it stays that way through the end of this week it would be another sign confirming that the secular bubble market ended in mid 2015 and that we have been in not just a cyclical but also a secular bear market since then.

This report shows the indicators along with the targets and time frames as well as support and resistance levels to watch for short term and intermediate time frames.

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